Creating a financial plan helps you worry less about market downturns, emergency expenses, health-care and long-term care costs, or outliving your retirement income. We are your guide through a planning process to capture opportunities, avoid pitfalls, and to stick to a plan on the journey towards your goals. As financial planning professionals in Bellingham, WA, Skyline Advisors can help secure your financial well-being, give you peace of mind, and help you reach the destination on the horizon.
Skyline Advisors’ Certified Financial Planners® and service team can help you prepare a financial plan and more importantly, walk with you through the process as life changes. We have the experience and knowledge needed to make private wealth management less complicated for you.
WHAT ARE FINANCIAL PLANNING SERVICES?
Financial planning is an often-used buzz-word in the industry, but it can feel impersonal and abstract and is often delivered by handing you a 50 page document with confusing numbers and graphs. Skyline Advisors believes that you should be empowered to make smart financial choices with personalized advice that is tailored for you and your family. Planning is just a generic name for that process. We don’t believe in handing you a “financial plan”. We believe that you are better served with a planning conversation and process with an emphasis on the “ing” in planning. That is best provided by a Certified Financial PlannerTM who is experienced, educated, tested, and has demonstrated high ethics and qualifications to provide financial planning.
Our 5 Step Financial Planning Process
We discover and define the relationship.
We listen and learn about you.
We build and propose a plan.
We Implement and monitor the plan.
We update the plan when life happens.
Common questions we can help you answer.
- When can I retire?
- Should I payoff my mortgage?
- How do I pay for my kids’ college expenses?
- What do I do if I receive an inheritance or life insurance proceeds?
- What if I change careers and have an employer concentrated stock position?
- What should I do when I sell a business, a property or other asset and need help with the proceeds?
- How can I help parents or grandparents who need help with their finances?
- What if I am named as trustee for a trust and need help?
- How do I handle cash flow planning when receiving patent, book or other royalties?
- How do I simplify my finances and make my money work for me?
- How do I understand and analyze my annuity?
ACCESSIBLE AND RESPONSIVE
As an independently owned and operated financial planning firm, we work for our clients, not a parent company or Wall Street firm. We return phone calls and emails! We are easily accessible and responsive to our client’s service needs. We believe that trust is built when your financial planner is available to talk with you in your time of most need.
Financial Planning Can InCorporate Any of the following:
- Retirement Planning
This is our specialty. We empower the life you envision with planned financial choices. We want to reduce your taxes, produce retirement income, and help you leave a legacy. Retirement planning involves matching your goals to your retirement resources and stress testing the results.
- Estate Planning
We have a conversation with you about your advance plans upon your incapacity or death. We can plan, but we work your attorney to prepare the legal documents, and we revisit the plan as time goes on.
- Education Planning
What will college cost and how will I pay for it? We consider tax advantaged accounts such as 529 College Saving Accounts and how they fit within your financial plan.
- Tax Planning
We can provide tax education, projections, and guidance on settled tax law and common knowledge. We can discuss Roth conversions, different account tax-types, tax-loss harvesting, distribution planning, tax mitigation, and charitable giving strategies.
- Risk and Insurance Planning
Determine your insurance needs and evaluate your current policies including life insurance, health insurance, disability insurance, long-term care insurance, umbrella liability insurance and other policies — all within the context of your financial plan. Insurance planning is risk management. This is especially important in retirement as your risks evolve and change.
- Charitable Giving and your Legacy
We consider your philanthropic goals and plan for tax advantaged giving. Do you want to leave a legacy to your children or to a Non-Profit organization? We can discuss donor advised funds, charitable donations, and gifts to your family.
Financial planning is enabled by your income and investments. Financial management services include identifying appropriate account types, asset allocation, security selection, diversification, rebalancing, and smart tax decisions regarding your investments.