Financial Independence Planning

Retirement Independence Planning | Personal Financial Group

With increasingly complex financial markets and longer life expectancies, working with a financial professional is more important than ever. One of the most important decisions you can make is to seek the advice of a trusted, qualified financial professional.

Financial independence planning is retirement planning but redefined. Just because you have accumulated wisely and you no longer are required to work for your money, may not mean you want to stop doing what you love most. Financial independence is the gratification of knowing that you no longer have to work, but that you may continue to do so.

Our goal is to help you achieve financial independence

To do so, we’ll begin with a discussion about where you are in life, and where you want to go, it doesn’t get much more important than that. And as we dive in, you’ll come to realize we will truly be with you every step of the way. We will help frame your financial goals into a cohesive vision with achievable, practical solutions for your short and long-term financial success. 

Proper financial planning requires time, skill, discipline, and confidence.

These days, there’s enough information on the internet to enable most people to put together a portfolio and try to manage it themselves. However, not everyone has the time for or interest in staying on top of changing market conditions, regulations, and other variables that affect investment decisions. Nor do all investors have the temperament and discipline required for good decision-making or the knowledge base regarding investing strategies.

It’s a combination that many individuals may lack. It’s understandable that so many individuals are reluctant to take on the responsibility of researching and implementing their own investment programs.

If you find yourself in this situation, it may make sense to consider working with a financial professional. Planning services encompass the disciplines of tax-efficient wealth accumulation, protection, distribution and transfer to the next generation.

Our financial professionals benefit from sophisticated strategy development and case analysis expertise to assist in working more effectively with clients’ CPAs and attorneys.

Wealth Accumulation

Whether you are just starting out with investing, or you’re continuing on your journey towards retirement, it is likely that during this phase of your financial life you could be more growth oriented. As Wealth Managers, we can build the portfolio that fits your needs.

Tax-Advantaged Planning

A comprehensive review of your tax return to highlight opportunities for maximizing tax reduction strategies

Periodic review of your tax situation and planning to incorporate any new tax law changes

Free consultation with your tax preparer

Recommendations of tax strategies including tax-advantaged investments

Staying up-to-date on and presenting new tax laws that can affect your situation 

Income & Distribution Planning

Wherever you are in life, our focus is to understand your values and way of thinking, then help you create a plan that reflects your current circumstances, grows to fit your changing needs, and is flexible enough to accommodate the unexpected along the way.

Nearing the end of your accumulation phase of life, you reach a time when your paycheck ends and attention shifts to converting retirement accounts and savings into tax-efficient income streams.

We can help you set up a program and offer you access to a wide range of services and products that strive to help you get closer to achieving your goal of financial independence.

Analysis of your income needs now and in the future

Continual development and implementation of recommendations to fund your income needs and help maintain a comfortable standard of living

Recommendations regarding the appropriate distribution strategy for your employer retirement plans and IRAs

Analysis of the beneficiaries of your IRAs and how to establish an Inherited IRA to continue your IRA for up to 70 years or longer after you pass away!

Risk Management – Protection Planning

The foundation of any sound financial plan is having in place the proper protection should your income be interrupted for any given reason. Your most important asset, especially in younger years, is your ability to earn an income. Protecting that income is vital to keeping you on track towards your life’s goals.

We help you identify and close the gap on potential risks that exist in your financial environment. Doing so is a core element of wealth planning. 

At Personal Financial Group, we have the tools, resources, and support we need to identify and analyze client risk factors, make objective recommendations, and implement new strategies as we help you edge closer toward greater financial independence.

Specific situations require special guidance

Many of the situations for which working with a financial professional is preferable to the "do-it-yourself" option fall into one of three categories:

Life events

Certain events take place in our lives that can have a significant effect on financial matters. Among them: getting married or divorced, retiring, changing jobs, relocating, or coming into a large sum of money. The same goes for having a baby, going through fertility treatments, or adopting a child — any of which can change your financial priorities and needs. Caring for aging parents can affect your financial plans too, as can a death in the family.

Working with an experienced financial professional can help you sort through the complexities and emotions, helping to save you time, stress, and potentially money.

Modern families

The majority of today’s families don’t fit the traditional “mom, dad, and 2.2 children” profile. They’re single parents, multi-generational families, blended households, domestic partners or any of a number of other permutations.

Some have a family member with a disability or special needs. Many consider their pets as family and want to plan for their future care. All face what can be emotionally charged challenges pertaining to financial and legal matters. Working with a financial professional with experience with families like yours can provide you with much-needed objective guidance.   

Special interests and professions

Special interests often drive financial planning needs. That can be the case if you’re interested in socially responsible investing or want your faith or religion to play a role in your investment strategy and financial plans.

Where you live, where you work, and what you do for a living can also influence your financial plans. For example, if you’re a US citizen but work overseas, you may have special tax issues to consider. If you’re a high net worth individual, you may require specialized financial guidance on matters such as estate planning, philanthropy, and leaving a legacy for your family.

For physicians, attorneys, entrepreneurs, high tech professionals, entertainment celebrities, and others, asset protection can be a major concern. Many professional athletes fall in the “requires specialized financial guidance” category too, and require assistance with things like setting up a charitable foundation or dealing with taxes on signing bonuses.

A financial professional with experience working with investors in your profession or with interests similar to yours can provide valuable insights.


Personal Financial Group and LPL Financial do not provide tax or legal advice. We suggest speaking with a tax or legal advisor about your specific situation.

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