| Financial Planning for Individuals
Personalized, unique and thoughtful financial planning.
Plotkin Financial Advisors, LLC, implements a customized
approach to financial planning that focuses on helping
you clarify your goals, plan for the future, and build a
legacy.
Our CERTIFIED FINANCIAL PLANNERS™ become your personal
resource and understand that no one individual or family
is the same. This is why we take the time to get to know
you, determine how we can help, and identify with your
concerns as well as your goals. It is through this
discovery that we offer comprehensive solutions that
alleviate these concerns and move you towards your goals.
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| Portfolio Management
How well you invest will dictate the resources you have
available to meet your objectives and goals. This is why
it is imperative that our advisors know your goals as we
craft your plan because these will influence how we
invest your portfolio.
It is through our investment analysis process that we
will determine if your existing portfolio is inefficient
or suitable for you. In analyzing your investments, we
review all of your accounts to summarize your allocation
between equities (stocks), fixed-income (bonds) and cash.
These include your personal and work retirement accounts,
taxable investment accounts and cash reserves in savings
and CDs. Next, we review your specific investments to
verify the quality of the investments as well as how much
risk is associated with the underlying investments.
Ultimately, our investment decisions and recommendations
will help build you a portfolio that:
Generates enough income you can live off of in retirement
Offers growth potential so that it appreciates
Reduces security risks through diversification
Allows you to sleep at night
Our investment planning process makes it possible to
choose the most suitable investments for you. Unlike many
of our competitors, we do not offer a cookie-cutter
investment proposal with our financial plans, but rather
a customized portfolio that is designed to meet your
specific goals and objectives.
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| Retirement Planning
Plotkin Financial Advisors, LLC (PFA) offers
comprehensive retirement income planning to help
alleviate the uncertainty of managing your investments in
retirement. If you are planning your retirement or are
currently retired, our retirement planning solutions help
project your income needs and determine an effective
withdrawal strategy that is not only sustainable but is
also feasible.
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| Insurance Planning
As much as financial planning is goal-oriented to help
you pursue your passions, it also proactive in helping
manage your risks. Our advisors understand that in
investing and in life, it is always important to protect
your downside and reduce risk. You can manage this
through insurance planning. Careful insurance planning
may help replace income, reduce debt, protect your
assets, and mitigate the impact of taxes on your estate.
As part of the financial planning process our advisors
will objectively address your insurance needs in the
following areas:
Life Insurance
Long-term care
Business insurance
Disability
It is never pleasant thinking about "what-if" scenarios,
but insurance planning is necessary so that you and your
family are protected from the unexpected.
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| Estate Planning & Trusts
Not addressing your estate can be a costly endeavor, and
neglecting to do so could cause significant frustration
and heartache to your loved ones. This oversight usually
goes against one's plans for taking care of loved ones,
and it is why discussing and implementing an estate plan
should accompany a financial plan. Implementing an estate
plan will help reinforce your legacy and ensure your
assets pass to loved ones.
Furthermore, outside of Will's, we review how your
investment accounts are titled and verify if the
beneficiary designations are current. For example, you
may have an old 401k from before you were married, so it
doesn't list your spouse as a beneficiary. Proper estate
planning will ensure oversights like these are reviewed
and remedied.
As part of our Signature Services, Plotkin Financial
Advisors, LLC offers estate planning services to eligible
clients. If you are interested in
learning more about this program, please feel free to
contact me.
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| Tax Advice and Services
Income taxes impact everything about you financially, and
it is for this reason that it is necessary to mitigate
the impact that taxes have on your income, investment
returns, and gifts to loved ones. Income tax planning is
interwoven in our financial planning process through a
review and discussion of your current situation.
We ask that each client include their prior two years of
income tax returns so that these may be incorporated in
their financial review.
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| Investment Advice & Management
Investments customized for you.
We shape our investment offerings so that they are
tailored to meet your goals and ambitions. It is for this
reason that we allocate your portfolio based on some of
the following questions:
What are your short and long-term goals?
Do the underlying investments offer the correct risk-
reward balance? Are the investments tax efficient?
We analyze your responses to these questions in order to
customize your portfolio to capitalize on opportunities
in the economy as well as meet your capital needs when
they arise. Most goal-oriented investing revolves around
preserving principal, generating income, and growing your
assets. Your risk tolerance and stage in life will
dictate what investment allocation makes the most sense
for you. Our investment committee and financial advisors
have identified investment vehicles, managers, and
programs that can help each investor best meet their
goals. Some of the options that comprise our investment
portfolio include:
Exchange Traded Funds (ETFs), Index Funds & Mutual Funds, Unit Investment Trusts (UITs, Private Placement Programs in Real Estate as well as Oil & Gas Partnerships), Real Estate Investment Trusts (REITs), Private Equity, and Hedge Funds Annuities
Each of the mentioned offerings and strategies has unique
characteristics that can help diversify your portfolio.
Our Investment Committee diligently identifies top
performers, through independent research and
institutional resources, and implements these strategies
in your portfolio.
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| Money Management
Another integral component to achieving your dreams and
enjoying your investments is to review your cash flow and
your lifestyle. Our advisors analyze how much you spend
versus how much you earn. This simple analysis should
have a profound impact on how you assess your financial
condition.
Cash flow management is different for each family and
individual, contingent on their stage in life. During
your working years, our cash flow analysis offers answers
to the following:
How much should I be saving and investing?
When should I start saving for my kids' education?
When is it feasible to buy a vacation home?
In contrast, as you enter retirement, our analysis
changes to determine how much can you spend without
outliving your savings. This will help answer questions
such as:
What is my annual travel budget to see the world?
How much can I gift to my children and grandchildren?
What is a reasonable amount to give to causes about which
I am passionate?
Regardless of your life stage, understanding your cash
flow and knowing what you have available to enjoy life
and plan for the future will alleviate financial worry
and free you to pursue interests and live life well.
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