Financial Planning

Saorsa Wealth Management LLC offers Financial Planning services designed to provide clients with a comprehensive roadmap to pursue their financial goals. These services cover a broad spectrum of financial needs helping to ensure that every aspect of a client's financial life is carefully considered and aligned with their long-term objectives.

Key Components of Financial Planning at Saorsa Wealth Management:

 

1. Comprehensive Financial Analysis

  • Current Financial Position: Saorsa starts with an in-depth analysis of the client's current financial situation, including income, expenses, assets, liabilities, and net worth. This establishes a foundation for the planning process.
  • Cash Flow Management: An assessment of current cash flow helps ensure that clients are effectively managing their income, savings, and spending habits.

2. Goal Setting

  • Short- and Long-Term Goals: Saorsa works closely with clients to define clear financial goals, whether it's purchasing a home, funding education, building wealth, or planning for retirement.
  • Lifestyle Planning: Plans are created with a focus on aligning financial strategies with the client's desired lifestyle now and in the future, ensuring a balance between present needs and future aspirations.

3. Retirement Planning

  • Customized Retirement Strategies: Saorsa helps clients create retirement plans that provide financial confidence during their later years, factoring in estimated retirement age, expected income, and lifestyle choices.
  • Income Streams: The firm develops strategies to optimize income sources during retirement, such as Social Security, pensions, and investment distributions.

4. Tax Planning

  • Tax Efficiency: Saorsa integrates tax-efficient strategies into every aspect of the financial plan to help clients reduce their tax liabilities while increasing their wealth.
  • Coordination with Investment Planning: Tax planning is closely linked with investment strategies, ensuring that decisions made in one area don't negatively impact another.

5. Education Planning

  • College Savings Plans: For families with children, Saorsa helps create and manage education savings plans, such as 529 plans, ensuring adequate resources for future education expenses.

6. Estate Planning

  • Wealth Transfer: Saorsa assists clients in creating estate plans that ensure their assets are distributed according to their wishes, with minimal tax implications for heirs.
  • Trusts and Wills: The firm collaborates with legal and tax professionals to set up wills, trusts, and other legal instruments that help with clients' legacies.

7. Insurance Planning

  • Risk Management: Saorsa evaluates clients' insurance needs, recommending life, disability, health, and long-term care insurance policies that help protect them and their loved ones.
  • Coverage Optimization: The goal is to ensure that clients have the appropriate amount of coverage without overpaying for unnecessary policies.

8. Investment Planning

  • Aligning Investments with Goals: Saorsa ensures that investment strategies are integrated with the overall financial plan, so they effectively support short- and long-term objectives.
  • Risk Tolerance and Time Horizon: Investment recommendations are based on the client's risk tolerance and time frame, making sure they are comfortable with their portfolio's level of risk.

9. Philanthropy and Charitable Giving

  • Charitable Strategies: For clients interested in philanthropy, Saorsa helps develop charitable giving strategies that align with their values and financial goals, often through donor-advised funds or charitable trusts.

10. Ongoing Financial Plan Management

  • Regular Reviews: Financial plans are not static. Saorsa conducts periodic reviews and updates to ensure that the plan evolves as the client's life circumstances or financial situation changes.
  • Adjustments for Life Events: Whether it's marriage, the birth of a child, or a career change, Saorsa is committed to making necessary adjustments to keep clients on track.

By offering holistic financial planning, Saorsa Wealth Management empowers clients to make informed decisions and pursue financial freedom, with a focus on clarity, confidence, and long-term success.