Planning Approach
Our approach to helping you turn your goals into a plan
Having a goal and making sure that you’re on the right track to meeting it is key to staying in control of your future. At Coastal Bay Wealth Management, you and your financial advisor can work through our tested strategies to develop a plan that’s right for you and your goals. Our step-by-step approach will help you visualize your future so you can enjoy the wealth you’ve worked hard to build and stay in the “green-zone.”
Steps to creating your Wealth Management plan and getting results
The planning process starts with a question: What does your ideal retirement look like? Allow yourself to dream a little. Think of how much you would like to spend on things such as travel, charity, home improvements or even a new car.
2. IDENTIFY RESOURCES
You’ll get a better understanding of your overall financial picture with the ability to view your income and assets – the foundation of your plan and the key to achieving your goals – in one place. Navigating complex resources such as Social Security is made easier with tools like the Social Security Analysis.
3. YOU AND THE MARKET
Understanding how the markets work and your comfort with taking risk is the key to a successful plan. Your financial advisor can use the software to help you understand your tolerance for risk, explaining market cycles and helping you identify scenarios that might cause you to rethink your long-term investment strategy.
4. GETTING RESULTS
The main goal of your plan is to get you into the “confidence zone” or “green zone,” the optimal financial position for achieving your goals, and to keep you there over time.