Financial Planning
Financial Planning
Achieving your financial goals doesn’t happen by accident. Whether you’re saving for a home, a college education, a dream project, or investing for retirement, having a trusted financial advisor can support and guide you to make solid decisions that turn life goals into reality.
Personalized financial planning is integral to everything we do at Barnum Capital Management. Using innovative digital tools paired with a hands-on people-first approach, we make your money work harder and smarter for you. Our professional advisors specialize in a range of financial disciplines, which are reflected in the services we proudly offer.
Financial Planning Explained
Six Areas Of Financial Planning
Financial Position
Cash Flow
- Cash flow analysis
Debt Management
- Current debt analysis
- Mortgage options
- Debt reduction strategies
- Financing options
Emergency Fund
- Structure and funding
Large Expenses
- Education funding
- Major purchase funding strategies
Protection Planning
- Life insurance
- Disability income
- Long-term care insurance
- Health insurance
- Homeowner’s and renter’s insurance
- Automobile insurance
- Group coverage
Investment Planning
- Portfolio analysis
- Asset allocation
- Security selection
- Cost and fee analysis
- Concentrated stock positions
- Stock options and restricted stock
- Non-qualified deferred compensation
Tax Planning
- Deductions and credits
- Tax efficient investing
- Asset location
- Ownership structures
- Cost basis analysis
- Tax loss harvesting
- Carry forward losses
- Health savings and flexible savings accounts
- Liquidation strategies
- Roth IRA conversions and re-characterizations
Protection Planning
Accumulation Phase
- Retirement goal setting
- Retirement income projections
- Employer sponsored retirement plans
- IRAs and Roth IRAs
- Fixed and variable annuities
Distribution Phase
- Income distributions strategies
- Social Security optimization
- Medicare / Medigap
- Required minimum distributions
- Pension options
- Income annuities
Estate Planning
- Wills
- Beneficiary designations
- Powers of attorney
- Health care proxies
- Living wills
- Trusts
- Guardianship for minors
- Special needs planning
- Charitable giving
- Legacy planning
- Gifting strategies
- Federal and state estate taxes