Your Financial Planning Journey, Our Expertise

At Stansberry Asset Management (SAM), we are a source for transparent and professional financial guidance. We are your partners on your path to financial empowerment. Our mission is to help you identify your financial aspirations and determine the optimal path to achieve them. We understand that financial planning is a journey, and our expertise can guide you each step of the way. In this article, we’ll elaborate on the key stages of the financial planning process that will help to empower you with the guidance of financial planning.

1. Define Your Financial Goals:

Your financial planning journey begins by defining the scope of the relationship between you and your financial planner. This initial step is crucial as it sets the foundation for the entire planning process. Your planner will work closely with you to understand your unique financial goals and aspirations. By establishing a clear framework, we ensure that your financial plan is tailored to your specific needs.

2. Gather Essential Information:

Once we’ve defined the scope and expectations are set, it’s time to gather the necessary information. Your financial planner will work with you to collect a comprehensive set of data, including details about your income sources. For instance, we’ll explore options such as optimizing Social Security benefits to maximize your retirement income. We’ll also delve into factors that affect Medicare premiums based on income to ensure you’re making informed decisions about how each source of income in retirement may affect your healthcare expenses.

3. Analyze Your Financial Situation:

With the data provided, our expert team will conduct a thorough analysis of your financial situation. This involves assessing your current financial position, identifying solutions, and devising strategies customized for you that best align with your goals.

4. Develop Your Personalized Financial Plan:

Based on our analysis, we’ll work on crafting a financial plan that is unique to your needs and aspirations. SAM employs the Monte Carlo Analysis that can model 1,000 different scenarios to determine the probability of success in your retirement. This allows us to tailor our recommendations specifically to your situation, while giving you confidence that your plan is optimized to achieve your objectives.

5. Implement the Plan:

Once your personalized financial plan is developed, we will present our recommendations to you. These recommendations encompass various aspects, including retirement planning, tax planning, estate planning, investment strategies, and more. We will work with you to implement your financial plan effectively.

6. Annual Financial Review:

Our commitment to your financial success doesn’t stop with the implementation of your plan. We understand that your financial journey is ongoing and will require adjustments over time. That’s why we conduct an annual review of your financial situation. This review ensures that your plan remains aligned with your goals and allows us to make any necessary updates as your financial landscape evolves.