Financial Planning

Our Services:

Financial Planning

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A financial plan is a lifelong compass that points your finances in the right direction to meet your goals.

Financial planning is all about defining your financial goals and creating a strategy to reach those goals. At Lorenz Financial, we can help you make a plan that puts you on track for the future you want.

What goals can financial planning help you reach?

Everyone’s financial goals are different, but here are a few examples of goals a financial plan can help you meet:

Retirement planning

Family planning

Paying off debt (mortgage, credit cards, students loans, etc.)

Purchasing a primary or second home

Vacation planning

Saving for college

Estate planning

Making significant charitable donations

Purchasing a new vehicle every five years

What goals can financial planning help you reach?

Everyone’s financial goals are different, but here are a few examples of goals a financial plan can help you meet:

Retirement planning

Family planning

Paying off debt (mortgage, credit cards, students loans, etc.)

Purchasing a primary or second home

Vacation planning

Saving for college

Estate planning

Making significant charitable donations

Purchasing a new vehicle every five years

How does Lorenz Financial handle financial planning?

When you work with Lorenz Financial, here’s what you can expect:

Before you can figure out how to reach your destination, you have to know where you want to go. The first thing we will do is ask you how you see your future. Do you want to have your home paid off in five years? Are you starting to think about your kids’ college tuition expenses? Do you see yourself retiring on the beach? Once your goals are defined, we can move forward.

Creating a financial plan is more than creating a budget. Yes, we will look at your income and spending habits, but we will also look at your other assets, including your property, 401(k), social security income, etc. This will help us plan for future as well as we possibly can.

After careful analysis, we will use software that includes a Monte Carlo simulation to predict the likelihood of success of attaining all of your goals. If your goals can be reached with your income and assets, we will work on putting the plan into action. If your goals can’t be reached, we will discuss changes that can make your dreams a reality, such as delaying retirement or cutting out some expenses. This is your financial plan, and we will make it work for you!

Like with a map, you will follow your financial plan as closely as you can, but there might be some detours along the way. For example, you might have more children than you expected; one of your children may be accepted to an expensive ivy league school; or you may change your mind about your retirement plans. In the event of the unexpected, you will have online access to your financial plan and can make changes as needed. We are also happy to offer guidance.

At Lorenz Financial, a lifetime financial plan will not cost you a thing, and there aren’t any obligations.

If you have further questions about Lorenz Financial’s financial planning services, please contact us.

Are you ready to create a financial plan?

At Lorenz Financial, we believe every individual and family should have a financial plan, which is why we provide no-cost, no-obligation financial plans. Schedule a consultation