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Financial Planning

Client Centered

Financial planning at Delphi Wealth Management is the careful process of mapping out a route from where you are to where you want to be. Whatever your financial goals and dreams, wherever you are starting from and however you want to pass on your financial legacy, we are here to see you get there. 

If you don’t have a financial plan, there is no better time to make one. Our advisors have the experience and expertise to help you identify your goals, make a plan, and check-in with that plan to make sure you are on track. With an emphasis on intergenerational finance and wealth management, we want to ensure that your wealth is preserved to serve your family in perpetuity.

What is Financial Planning?

Financial planning is the act of developing a road map to meet your fiscal goals. The plan contains your current monetary situation, financial goals, and strategies to achieve these goals. It is wise to work with a financial planner(s) because they have the needed expertise, insights, and experience in the money market.

At Delphi Wealth Management Group, we are specialists in:

<span style="font-weight: 400;" data-mce-style="font-weight: 400;">College Funding Strategies</span>

College Funding Strategies

We can guide you on the best way to set aside money for your children's college funds. Some strategies include

  • Beginning early - More time to save is a sure way to accrue enough funds.
  • Open a tax-advantaged 529 college savings account for college - It permits pre-tax earnings and tax-exempt distributions on education expenses.
  • Create a budget to make better estimates for college expenditure through research on college costs, fees, and expenses.
  • Automate monthly college deductions
  • Purchase a life insurance plan. A good policy can cover college tuition costs if the breadwinner passes.

Income Planning

A financial planner at Delphi Wealth Management Group is also vital in building your income-generating portfolio. We guide you through your investments, how to diversify your portfolio, allocate your income streams, use your dividends, and so much more.

<span style="font-weight: 400;" data-mce-style="font-weight: 400;">Retirement Planning</span>

Retirement Planning

A financial planner is also essential for having a safe and stress-free retirement. They help you establish strategies that will give you a financial cushion throughout your retirement period. The first step in retirement planning is setting goals to ensure you have enough funds to last you throughout your retirement. Your financial planner helps calculate the retirement period and the amount you need to save to meet your retirement needs.

Furthermore, the financial planner knows the kinds of retirement savings accounts that have tax exemptions and additional benefits. They also help to calculate after-tax returns and can help you minimize or avoid some taxations legally. Your financial advisor is also significant for assessing investment risks to maximize the income you generate.

Estate Planning

Estate planning goes beyond inheritance distribution. It involves managing assets, investment, liquidity, and your last will. We can work with your attorney to help you preserve your wealth for beneficiaries while meeting your financial needs without eroding your estate. We will help you to build a financial roadmap that covers your health, upkeep, and other daily expenses without exhausting your cash reserves.


Who Should Have a Financial Plan?

Everybody can benefit from a financial plan - even children. So long as you have consistent income flow and outgoing expenses, a financial roadmap to manage your money better is pertinent.

Is it Too Late For Me to Start Financial Planning?

It is never too late to start a financial plan. There are various financial planning strategies for different age groups and incomes. For instance, the elderly can benefit from estate planning to manage their finances, estate, assets, property, investments, and testament after retirement.

On the other hand, a young person earning their first paycheck requires an income planning strategy to begin building and growing their wealth. Furthermore, young investors can take more risks in their investments because they have more time, while older adults usually take a more conservative investment route because they are closer to retirement.

Is it Important to Have a Financial Advisor?

A financial advisor is significant in financial planning. As your wealth begins to grow, managing it becomes complicated. Financial advisors have the knowledge, experience, and specialization in building a financial roadmap for your financial goals. Financial advisor(s),

  • Have the proper saving, investing, and revenue-generating strategies for your income and wealth-growing or wealth-preservation period
  • Specialize in building and diversifying investment portfolios
  • Are specialists in liquidity management
  • Guide insurance plans
  • Assist in tax-related issues
  • Manage assets, estates, properties, investments, income, and finances
  • Guide in developing a will to distribute your estate

Get in Touch with Us

At Delphi Wealth Management Group, we have certified financial advisors to assist you in managing and growing your wealth. Call us today to find out more about financial planning at (484) 928 1703.