Confident steps to
YOUR FINANCIAL FUTURE
Financially Fit Experience
(3-4 months)
Meeting 1 - Getting Organized
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Clarify key priorities for your planning
Get connected and set up in Right Capital planning software
Add necessary documents to secure Vault
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Meeting 2: Cash Management
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Additional clarification and organization of information
Cash flow management exercise
Most important priority addressed
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Meeting 3: Your Unique Financial Plan
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Financial Plan delivered prior to meeting for discussion and clarification at meeting
Action items for you to implement on your own provided
Consider Delegator experience for implementation by NPFP
Business Mindset Experience
(4-6 months)
Meeting 1 - Getting Organized
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Clarify key priorities for your planning
Get connected and set up in Right Capital planning software
Add necessary documents to secure Vault
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Meeting 2: Understanding your business
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How do you determine your fees or prices?
How often are you paid?
What does your invoicing, bookkeeping and banking look like?
Business structure understanding
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Meeting 3: Cash Management
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Additional clarification and organization of personal and business data
Cash flow management exercise
Liquidity and emergency reserves
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Meeting 4: Taxes
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Review of your tax situation
Estimated taxes - how and when
Self-employment taxes, federal and state, sales tax
Tax savings discussion
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Meeting 5: Your Unique Financial Plan
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Financial Plan delivered prior to meeting for discussion and clarification at meeting
Action items for you to implement on your own provided
Consider Delegator experience for implementation by NPFP and other outside professionals needed such accountant/bookkeeper, attorney, insurance agents.
Delegator Experience
(ongoing)
All new Delegator clients go through the series of meetings in either the Financially Fit or Business Mindset Experiences. We prioritize and implement the actions items from your plan and begin managing your investments. By the second year of working together, you will follow one of the annual service calendars listed below.
Self-Employed Clients
NPFP Essential meetings
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Annual Update: Key Elements and Financial Satisfaction
90 minutes/January-March
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Implementation check-in on planning action items
45-60 minutes/May-September
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Quarterly tax payments and projections
15-30 minutes/Quarterly
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Business books review
Asynchronous/Semi-Annually
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Open enrollment for self-employed healthcare
30 minutes/November-December
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Additional meetings as needed
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Cash flow planning/monitoring
up to monthly
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Business goals and values planning
semi annually
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Investments review outside of annual update
upon request
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Retirement contributions planning
semi annually
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College planning for kids ages 15-18
when appropriate
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Estate plan review and QRP beneficiaries
every 2 years
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Insurances review
every 2 years
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Life change update - goal scenario modeling - major decisions
upon request/need
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W2 Clients
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NPFP Essential meetings
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Annual Update:
Key Elements and Financial Satisfaction
90 minutes/January-March
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Implementation check in planning action items
45-60 minutes/May-September
Open enrollment for annual benefits
30 minutes/Oct-December
Additional meetings as needed
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Cash flow planning/monitoring
up to monthly
Additional tax planning - RSU/stock option planning
when appropriate
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Investments review outside of annual update
upon request
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College planning for kids ages 15-18
when appropriate
Estate plan review and QRP beneficiaries
every 2 years
Insurances review
every 2 years
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Life change update - goal scenario modeling - major decisions
upon request/as needed
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5337 N Spaulding Ave
Chicago, IL 60625
info@northparkfinancialplanning.com
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North Park Financial Planning, LLC is a Registered Investment Advisor in the state of Illinois.
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INFORMATION
