Financial Planning
When selecting your financial advisor, there are a lot of factors to consider. You want a partner who has deep industry knowledge from years of experience. You want to know that your advisor will be objective and specific to you and your needs. You’ll want to connect, both professionally and personally with them. You want a team that gives you their best, every time. What it really comes down to is that you want to know that you’re aligning yourself with a partner you can really trust!
Prescient Planning Associates, LLC is a proactive and strategic financial planning firm. We offer clients the seasoned expertise and dynamic problem-solving techniques needed to overcome challenging barriers.
Life Insurance Planning
Life Insurance primarily protects the income of the breadwinner against premature death. How much life insurance protection is needed differs from individual to individual? The basic rule of thumb is to have enough life insurance to provide approximately 10 times your annual family income. But there are many other factors that should be taken into consideration, including your age, your medical condition, how many dependents you have, your income or current financial status.
Extended Care Planning
Long Term Care. When these three words are spoken, what comes to mind? Many make the common association with a nursing home. Others may mistakenly think that they are already covered for related long term care matters through their health insurance or disability income policy or policies, or they think that the Government will pay for this issue. Long-term care is defined as needing assistance with your activities of daily living (toileting, bathing, dressing, eating, getting in and out of the bed or chair, and maintaining continence). Another type of long-term care is the supervision that is needed for someone with severe memory loss.
If you need on-going, custodial care, chances are it will be delivered in the community, not in a nursing
home. Every study conducted finds that care is overwhelmingly provided at home. The key question, of
course, is who is going to pay for it? It is important to make an informed decision, in advance, as to how
to best fund an extended health care need and then to communicate that decision to your family. The
emotional challenges of a health care crisis are easier to handle when the financial challenges have
already been addressed.
Estate Planning
Do you need a will or a trust? The reality is everyone already has an estate plan. If you do not have a plan, by default you have the government's plan. Estate Planning allows you to have control over the distribution of your assets, guardianship over minor children or adult disabled children. It allows you to make sure your loved ones will be provided for and the peace of mind that you have removed a huge stress that they might face in the future. Plus, you can be confident that your desires are carried out in a timely and efficient manner.
Debt Management
What if you can payoff your mortgage and all your other debts in 5-7 years without changing your current budget?
To shave seven to ten years off your mortgage on your own, you would have to be extremely disciplined
about identifying and repurposing those idle dollars in your bank account for a very long time.
With our debt management system, you won’t be shaving off seven to ten years. In that time, you can pay
off your entire mortgage, saving yourself ten to twenty years and tens or even hundreds of thousands of
dollars in interest.
Put simply, the system provides a much faster and more efficient route to your debt-free date than the
one your bank gives you.
Medicare Planning
Healthcare in retirement usually means Medicare. With all the various options and providers, how do you make the right decision that makes sense for your situation? Let us help you avoid costly Medicare mistakes with confidence and peace of mind.
