Comprehensive Financial Planning

• Am I saving enough for retirement?
• When can I retire comfortably?
• Are my loved ones protected in case something unexpected happens to me?
• How can I minimize my taxes?
• Should I prioritize paying off my mortgage?

At Stone 8 Wealth Management, we provide Comprehensive Financial Planning tailored to your unique needs and life stages. Our services are designed to guide you through life's financial journey, ensuring you achieve your goals and secure your future.

We offer three planning levels to accommodate your individual circumstances and objectives. Depending on your life stage and financial situation, one of our planning levels will be the perfect fit.

1. Foundation Planning

Suitable for clients just starting to build financial stability (early career, budgeting, debt management, saving)

• Saving Analysis: Optimize your savings plan
• Cash Flow Analysis: Evaluate your monthly income and expenses
• Retirement Plan Contribution Analysis: Determine the best savings strategy for you (401K, IRA, ROTH, HSA, SEP, SIMPLE, etc.)
• Retirement Plan Investment Review: Provide guidance on investment options within your retirement plan

2. Accumulation Planning

Suitable for clients with families and are growing wealth through investing, career progression, and asset accumulation.

• All services included in Foundation Planning
• Education Planning: Determine monthly savings plan for your children's education (Private K-12 and college) & Provide guidance on selecting the optimal college savings plan and investment options
• 401K Plan Review and Investment Allocation: Provide recommendations for optimization
• Basic Estate Planning & Life Insurance review: Provide a checklist of essential documents for your Estate plan & Review your life insurance needs

3. Preservation & Distribution Planning

Suitable for peak income earners, or retirees who are focusing on protecting assets, managing risks, preparing for retirement, and legacy planning.

• All services included in Accumulation Planning
• Investment Account Review: Analyze existing holdings, allocations, and risk exposures
• Equity Compensation Review: Navigate stock options, employee stock purchase plans, and Restricted Stock Units
• Estate Planning: Minimize potential estate taxes and provide guidance on creating trusts, wills, and powers of attorney in collaboration with your Estate Attorney
• Tax Planning: Evaluate and optimize your tax situation, and implement tax planning strategies in collaboration with your tax professionals
• Long-term Care Coverage Review: Ensure adequate coverage for the cost of care and support for personal care, skilled nursing care, etc.
• Business Owner Guidance: Provide recommendations on key person insurance and buy/sell provisions

Our financial planning fee schedule:

• Foundation Planning:                                   $1,500
• Accumulation Planning:                               $3,000
• Preservation & Distribution Planning:       $5,000
  Subsequent year’s updates are half of the initial planning fees above per year depending on the level. 
  

For clients that would like a hourly consultation instead, we charge an hourly rate of $350.

For clients that have $500,000 or more under our investment management, we will waive the financial planning fee.