Goals-Based Financial Planning

Cash flow planning helps you understand what actions you can take today to build and protect your wealth. More than just budgeting, cash flow planning allows you to maximize where your money goes each month by analyzing recurring and one-off expenses, saving for future goals, and making sure there’s money left over for the fun things you want to do, too.

You’ve worked hard to build your nest egg. Insurance planning makes sure your nest egg is protected from situations outside of your control, such as accidents, lawsuits, and changes to your health.

Whether we refer to it as retirement or as financial independence, ultimately we all want peace of mind that we won’t run out of money. At Lucidity, we analyze and advise on all aspects of retirement planning for any stage of life you are in. We take into account your savings, assets, expenses, current and future income sources, and most importantly, how you envision this next chapter of your life.

For those still working, we give you strategies for increasing your retirement readiness without forfeiting your current quality of life, including ways to optimize contributions to IRAs, Roth IRAs, 401(k) and 403(b) plans.

For those in or nearing retirement, we provide tax-efficient withdrawal strategies that encompass all of your available income sources, including investment and retirement accounts, social security, pensions, and any other sources relevant to your situation, such as income from investment real estate , family trusts, or from the continuation or sale of a business.

Your investment strategy shouldn’t be created in a vacuum. We create portfolios that are customized for your stage of life and for your individual goals. We consider your current and future income needs, your time horizon, your tax profile, and your comfort level with market risk to craft a personalized investment strategy based on the principles of asset allocation, diversification, and tax efficiency.

Taxes are a big part of financial planning — the amount of money you keep after-tax can be just as important as the amount you make before-tax. We employ a tax-aware and tax-efficient approach to our goals-based planning, customized investment portfolios, and charitable giving strategies to help lessen the impact of income, estate, and capital gains taxes. We also work closely with your tax professionals (accountant, CPA, or tax attorney) to ensure nothing falls through the cracks.

Estate planning is essential for making sure your wealth is safeguarded for the purposes you intend. From matters as simple as having the correct beneficiary designations on accounts to more complex issues such as providing for your minor children should something happen to you prematurely, a properly designed estate plan will give you and your family greater peace of mind.

Whether planning for yourself, your spouse, your children, or your grandchildren, paying for someone’s higher education can be one of the most rewarding (and expensive!) ways to use your wealth. We help you optimize your education funding strategy while taking into account your other important financial goals and priorities.

Charitable giving allows you to use your wealth to give back to the causes that inspire you. We advise on various giving strategies and account structures such as donor-advised funds, private family foundations, and charitable trusts, all of which are tax-advantaged ways for you to maximize your charitable gifts to organizations and causes you care about.