Financial Planning in Westlake Ohio with Lakeview Wealth Management

Financial Planning

Making Informed Decisions for the Journey Ahead

Financial planning is a dynamic process that empowers individuals to align their finances with their long-term goals, while navigating the obstacles that inevitably arise at every stage of life. A well-crafted financial plan will help you address commonly voiced concerns such as:

Are my future financial goals realistic?
Is my family or partner protected if something were to happen to me?
How will my current spending effect my savings down the road?

Working with a planner begins with establishing your personal financial goals. From there, your financial planner will guide you through the information gathering phase, which allows them to analyze your current financial standing. This allows them to develop an action plan based on your priorities. Once that action plan has been implemented, it will be closely monitored to ensure that you are on the right path towards accomplishing your goals.

It's Time to Get Started

It’s never too late—or early—to get your personal finances under control. Jeff Zemito and the Lakeview Wealth Management team will listen to your concerns and help you get on right track today.

Through our comprehensive financial planning process, we will identify your goals and help you devise a customized strategy based on what's important to you and your family.

Based on your needs we will work with you to:

Review your current financial status
Ensure adequate and sustainable protection
Advise on wealth accumulation strategies
Prepare for your retirement
Assist in minimizing tax consequences
Assess appropriate estate planning strategies

Six Key Areas of Financial Planning

1. Financial Position

Track current income & expenses through a budget
Manage your debt and credit report
Calculate your current net worth

2. Adequate Protection

Provide income for survivors in the case of premature death
Safeguard your income in the event of a disability
Protect your ability to meet your retirement goals
Protect your assets in the event of a long-term care need
Secure your assets with home, auto & liability insurance

3. Wealth Accumulation Strategies

Ensure you have a sufficient amount of cash on hand
Create and maintain adequate, bank-based cash reserves
Strategize for significant purchases
Review your risk tolerance and investment portfolio
Plan and save for education expenses

4. Retirement Planning

Ensure adequate retirement income
Maximize government benefits
Leverage employee benefit plans and pensions
Secure guaranteed* sources of income
Strengthen personal savings & investments
Project impact of early retirment and various distribution rates

5. Tax Reduction Strategies**

Minimize federal & state income taxes
Plan against future income tax liabilities
Develop long term tax reduction strategies
Required Minimum Distribution planning

6. Estate Planning**

Determine exposures to estate & inheritance taxes
Outline appropriate estate planning vehicles:
- Last Will and Testament - executors, guardian(s) and assets without beneficiaries
- Health Care Power of Attorney
- Living Will
- Durable/Financial Power of Attorney
- Optional Blood Line/Dynasty Trust

^{*All Guarantees are based on the financial strength and claims-paying ability of the issuing insurance company.}

^{**Neither SagePoint Financial, Inc., nor its representatives or employees, provide legal or tax advice. If legal or tax advice or other expert assistance is required, the service of a currently practicing professional should be sought.}