Fee-only FINANCIAL PLANNING
Your plan: A snapshot of today,
and
a roadmap for tomorrow
Fee-only financial planning means you get a plan for your life, focused exclusively on your interests, not on the interest of a mutual fund company, broker or commissioned salesperson. The only compensation for your plan is the fee you pay.
This is the only way Donna Chaney provides financial planning, because she wants you to clearly understand your situation, your options and your opportunities. This is the way to make your life better and easier, through well-organized finances and thoughtful strategic planning.
Annual planning is best, because life changes, the economy changes and there are regulatory changes. That’s why your plan should change too.
A financial plan from Donna Chaney is comprehensive, and includes all the aspects of your financial situation, including budgeting, taxes, insurance and any estate issues, such as property, dependent children and elder care. If needed, Donna will call on trusted colleagues to help implement the plan (see more on this below).
Whether you’re just starting out, going through a major life change or want to take advantage of a financial opportunity, financial planning is the roadmap that will get you there – today and tomorrow.
Learn more about how to choose a financial advisor.
Step 1: A Discussion of Goals and Dreams
This meeting gets at the heart of planning – what’s important to you, what you need to accomplish and what you hope to accomplish with your financial resources.
In this meeting, you'll be deciding if you want to work with Donna Chaney, and she will give you a quote for your fee-only financial plan.
This discussion may include areas such as:
Career
• Starting, building or managing a business
• Future career moves, including late-stage career changesFamily
• Children’s education
• Special needs of family members, including children and parentsLife-Stage
• Independent
• Career-focused
• Family-focused
• Empty nest
• Retirement
Step 2: Financial Inventory
You provide documents such as tax returns, Quicken statements, mortgage documents and insurance policies. In return, you receive an accurate understanding of your specific situation, which provides the framework to get you where you want to go.
This inventory will include areas that have a significant impact on your finances, such as:
• Investments
• Retirement savings
• Property
• Taxes
• Insurance of all types
Step 3: Analysis and Recommendations
Taking into consideration your current finances and an understanding of what you hope to achieve, Donna Chaney provides a detailed analysis and strategic recommendations. This plan is designed to help you make the best decisions for your needs.
Step 4: Plan Revisions
After discussing the plan recommendations, your plan is revised to ensure it’s right for you – that it is realistic, achievable and fits your lifestyle.
Step 5: Plan Implementation
When a plan calls for working with other service providers, you get the choice of implementing the plan yourself or having Donna Chaney do so on your behalf.
If you need additional services to achieve your plan, such as an insurance broker or senior advocate, a network of allied professionals are at your service. As an independent advisor, Donna Chaney works with these partners on a referral basis only, and receives no fees or commissions.
Step 6: Plan Tracking/Plan Reassessment
Life is always changing, and so do finances. That’s why the plan doesn't end when you receive the document. In fact, that’s just the beginning.
To ensure you are on track to get where you want to go, Donna Chaney meets with you every six-to-12 months to reassess your personal situation and goals, and make any necessary revisions. She wants to be sure you get there, even if you've decided to go somewhere else.
