4 Areas of Financial Planning

Four Areas of Financial Planning

Building a successful financial plan can be confusing. A coordinated financial plan provides a framework for achieving financial security. A proper financial plan will look at 4 important aspects of your overall financial position. These areas include:

    • Financial Planning
    • Investment Management
    • Risk Management
    • Estate Legacy Planning



Our clients, in the past, when inquiring about their investments, might have asked if they were investing properly; are they in the right funds, or if the funds were performing at their peak. In comparison, they might have asked the same question in regards to the “car” scenario; is it fast enough, is it the right car for the trip? 

We cannot foresee what might happen down the road but if we undergo a thorough process on how to plan for our “trip”and we can help you navigate the road ahead.

Financial Planning:  Investors today ( drivers) are engaged in being prosperous; sometimes so much so, they have no time to check out the maps and in which direction they are bound for.   Navigating so that our “driver” recognizes, and defines where the road is heading – eliminating or minimizing any “forks,” we will help them select opportunities to view the big picture. This is what we do best. 

Investment Management:  Once we determine the route, we can then select a suitable

investment vehicle. Selecting a suitable vehicle  Samson Chan will move his  clients forward in a manner that they are at ease with, and that makes the most sense for their situation, and lifestyle.

Risk Management:  Assessing for obstacles, or road conditions such as traffic, peaks and hills, incidents that block the process, the right insurance coverages, and how to maintain the “vehicle” properly, help minimize risks. Samson Chan helps guide his clients with the appropriate risk-undertaking essentials moving them comfortably, quickly to their individual destination, and in their own timeframe.

Estate Planning:  When it’s time…When the time is appropriate to transfer or allocate  assets, or company to the one(s) designated, as it is with a vehicle, we can then accurately allot the elected amount to the appropriate recipients, at the appropriate time, and, if a business, at the appropriate price. Our team of consultants advises on how and when to move this “vehicle” for the best possible potential outcome, now or down the road. 

Financial Planning Investment Management Risk Management Estate Legacy Planning*
Cash reserve levels Tax reduction Minimum distribuitions Asset allocation Disability options Estate balancing
Cash reserve strategies Tax deferral Pre-59 ½ strategies Education planning Long-term care-timing/prem/coverage Capital transfer
Debt mgmt Tax avoidance 401 Ks Lump-sum accumulation Umbrella liability Asset ownership
Cash flow management Future taxes due IRAs Options/restricted stock/non-qualified deferred compensation Life insurance Trusts
Net worth Withholding Medicare/Medigap Ongoing investment fees Medical/Health Wills
Discretionary income Tax diversification Social security Risk tolerance Property & casualty Trust funding
Expected large inflow/outflow Qualified investments Roth conversions Tax implications Deductibles vs cash reserves IRD
Lines of credit Non-qualified investments Income streams Cost basis Policy status Succession planning
Effects of liquidation Income streames-transitions Timeframes Policy loans Special needs dependents
Filling status Health care Diversification strategies Beneficiary designations Minor children
Business ownership Tax transitions Dollar-cost averaging Special needs situations Generation skipping
Non-traditional ownership Risk tolerance transition Market timing issues Alternate/ add’1 coverage strategies Short-term life expectancies
Timing issues Estate liquidity