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Confident steps to
YOUR FINANCIAL FUTURE

Financially Fit Experience
(3-4 months)

Meeting 1 - Getting Organized

Clarify key priorities for your planning

Get connected and set up in Right Capital planning software

Add necessary documents to secure Vault

Meeting 2: Cash Management

Additional clarification and organization of information

Cash flow management exercise

Most important priority addressed

Meeting 3: Your Unique Financial Plan

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

Clarify key priorities for your planning

Get connected and set up in Right Capital planning software

Add necessary documents to secure Vault

Meeting 2: Understanding your business

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

Meeting 3: Cash Management

Additional clarification and organization of personal and business data

Cash flow management exercise

Liquidity and emergency reserves

Meeting 4: Taxes

 

Review of your tax situation

Estimated taxes - how and when

Self-employment taxes, federal and state, sales tax

Tax savings discussion

Meeting 5: Your Unique Financial Plan

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

Annual Update: Key Elements and Financial Satisfaction

90 minutes/January-March

Implementation check-in on planning action items

45-60 minutes/May-September

Quarterly tax payments and projections

15-30 minutes/Quarterly

Business books review

Asynchronous/Semi-Annually

Open enrollment for self-employed healthcare

30 minutes/November-December    

Additional meetings as needed    

Cash flow planning/monitoring

up to monthly

Business goals and values planning

semi annually

Investments review outside of annual update

upon request

Retirement contributions planning

semi annually

College planning for kids ages 15-18 

when appropriate

Estate plan review and QRP beneficiaries

every 2 years

Insurances review

every 2 years

Life change update - goal scenario modeling - major decisions

upon request/need

W2 Clients 

NPFP Essential meetings

Annual Update:

Key Elements and Financial Satisfaction

90 minutes/January-March

Implementation check in planning action items

45-60 minutes/May-September

 

Open enrollment for annual benefits

30 minutes/Oct-December

 

Additional meetings as needed    

Cash flow planning/monitoring

up to monthly

 

Additional tax planning - RSU/stock option planning

when appropriate

Investments review outside of annual update

upon request

College planning for kids ages 15-18

when appropriate

 

Estate plan review and QRP beneficiaries

every 2 years

 

Insurances review

every 2 years

Life change update - goal scenario modeling - major decisions

upon request/as needed

 

5337 N Spaulding Ave

Chicago, IL  60625

 

info@northparkfinancialplanning.com

North Park Financial Planning, LLC is a Registered Investment Advisor in the state of Illinois.

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