The Initial Plan Engagement

HAKAPA gathers all the necessary information to complete a thorough analysis using a financial profile, review meetings and personal interviews.
Comprehensive advisory services cover one or more of the following planning areas:
FINANCIAL & PERSONAL INVENTORY & GOAL PRIORITIZATION Quarterly*
The first steps are often to determine where all resources are currently allocated, and evaluate where they can best be allocated. Tasks here include measuring net worth, income and expenses, discovery and goal planning, improving personal and family record keeping, saving regularly, navigating intra-family needs and relationships, and assembling and coordinating all resources available to Client.
 
BUSINESS PLANNING
PROFESSIONAL/CAREER PLANNING Quarterly*
Assist the business owner with: (i) prioritizing short/long-term goals and aspirations; (ii) identifying business life cycle transitions caused by growth/expansion; (iii) analyzing business conditions; and (iv) succession planning issues that include evaluating buy/sell agreements and funding arrangements.
 
TAX ANALYSIS & PLANNING January & October*
Understand the impact of various investments on current income and future tax liability. Provide proactive tax planning advice and recommendations to reduce income taxes. The firm is not qualified to offer accounting advice and does not prepare any accounting documents or tax returns. All tax planning recommendations should be reviewed by a client’s accountant and/or tax preparer.
 
ESTATE PLANNING April or Event Driven*
Learn steps to a properly planned estate. Address financial concerns like wealth transfer, charitable giving and other outcomes relating to the disposition of estate(s). Determine survivor and dependent needs, beneficiary options, and anticipated capital needs at disability and/or death. The firm is not qualified to render legal advice and does not prepare any legal documents. All estate planning recommendations should be reviewed by a client’s attorney.
 
TRANSITION - DEATH / DIVORCE / DISABILITY April or Event Driven*
Analyze the effects of a parent, partner, or immediate family member’s death, divorce or incapacity. Prepare for the "third third" of life, a potential separation, divorce, retirement, or an unpredictable event that may impact a client’s plans.
 
PRE & POST RETIREMENT PLANNING July or Event Driven*
Analysis of current social security claiming strategies and retirement income planning to help a client achieve their retirement goals. Understand the impact of various pre- and post-retirement planning scenarios, analyze financial products currently owned, and help client to create a dependable retirement income stream.
 
INVESTMENT ANALYSIS & PLANNING July or January*
Analyze Client’s current portfolio. Clients learn the benefits of diversifying assets across many different investment areas (stocks, bonds, real estate, other tangible assets, foreign and domestic, large and small, value and growth). Investment objectives, time horizon and volatility tolerance are determined. These factors are combined to build a particular portfolio, structured for greater principal stability with corresponding lower returns, or for higher growth and increased volatility. These are all addressed in an Investment Policy Statement.
 
RISK ANALYSIS & INSURANCE PLANNING October*
Review existing policies and government benefits to measure extent of coverage in the event of a premature death, disability or health care need. Evaluate Medicare, annuities, long-term care, critical illness and various other insurance coverage options and solutions. The firm is not qualified to review property or casualty policies, including homeowners and automobile policies. However, the firm strongly recommends that these important types of coverage merit review with a client’s property and casualty insurance agent or broker.
 
EDUCATION PLANNING October*
Review options for the funding of educational expense needs for a client, a client's children, grandchildren or other dependents. Review financial aid criteria and strategies, State savings plans, 529 plans, and other assistance to meet educational expense costs.
 
*There topics are addressed and updated continuously as part of "Guiding the Plan - LifeGuide", click here to learn more.
 
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