If you are member of the “sandwich generation,” you are no doubt a pro at juggling the demands of a career as well as taking care of dependent children and aging parents. It may leave little time for financial planning. You may want to become wealthy, not for materialistic gain, but to provide for everyone around you. At Aurochs Financial Group, we can provide you with financial planning help that is in alignment with your core values and goals. Values based financial planning is particular helpful for members of the sandwich generation that want to save for their children’s college as well as care for parents without neglecting their own retirement. There are several components of Values Based Financial Planning.

Identify core values

If you don’t know what you value most in life, you can spend a lot of time on the wrong path. With values based financial planning, you figure out you the core values that shape who you are and what you want.

Set obtainable goals

We can help you set goals that are realistic and obtainable as part of Values Based Financial Planning. Based on your age and tolerance for risk, we can figure out what kind of investments suits your needs. With a careful review of your portfolio, we can make adjustments as needed. Your goals might include investing for a child’s college and having enough money to replace your current income in retirement.

Implement your plan

In addition to helping you identify your values and set goals, we also help you implement your plan. This includes looking at your cash flow, debt, savings plans, tax planning, insurance programs, estate plans, college, investments, your aging, retirement plans, etc.  You can have the greatest plan in the world, but if the recommendations aren’t implemented, it will leave huge gaps in your financial life.

Identify tax efficient investing as part of implementing your plan.

In addition to helping you identify your values and set goals, we also help you implement your plan with the most tax-efficient investment vehicles. Which investment vehicle we choose depends on your income levels now and the financial situation you expect to have in retirement. Some people qualify for the Roth IRA, which allows them to pay taxes upfront instead of when they withdrawal the earnings in retirement. Other people may have to take a “back door” approach with conversions from a traditional IRA into a Roth IRA.

Monitor your plan

Tax laws, your goals, estate plan laws, etc. are ever changing and evolving.  A plan can’t just be done once.  Our process continues to monitor and tweak your plan to help you stay on course to achieve your most important goals in line with your true values.

If you are part of the sandwich generation, we know you have a lot on your plate. We want to make it easier for you to provide for family now and down the road with Values Based Financial Planning. At Aurochs Financial Group, we work primarily with families within 10 years of retirement or in retirement who want to continue to provide for their families in retirement and beyond. For more information on what we can do for you, please contact us.

Your Guide to Financial Independence