Our Planning Process

At G&G Planning Concepts, Inc., our process is our solution. Based on our personal client relationships, we take an integrated, coordinated approach to every planning challenge. Our process is based on facts—not guesses—and incorporates every area of your finances to help you make the best possible decisions to address your current financial picture and long-term goals. We design your plan from macro to micro, meaning that we start with the big picture—including your current financial picture, your personal goals, and long-term objectives—and then dive down into the areas that may require specific adjustments—such as short- and long-term cash flow, insurance, tax planning, retirement planning and estate planning. Every plan we design is created with an eye to accessibility, so you always have access to your money when needed, and flexibility, to give you the freedom to adjust for life’s inevitable changes and keep your plan on track.

While we adjust our process to fit the needs of each client, our typical planning process consists of the following steps:

Step 1: Review your current situation and set goals.

  • Gather asset information using comprehensive wealth diagnostic tools
  • Review existing investment and retirement plans, legal documents, and beneficiary information 
  • Review current insurance coverage, including life, disability, and long-term care (LTC) protection 
  • Review current savings
  • Define personal and financial goals, understand your time frame for results, and discuss how you feel about risk 
  • Discuss short- and long-term cash-flow strategies

Step 2: Develop and present macro financial plan with micro recommendations.

  • Select appropriate life, disability and long-term care (LTC) coverage
  • Revise your legal documents as needed
  • Review titling of your accounts
  • Outline your short- and long-term cash-flow plan, including allocation of savings 
  • Revisit savings profile and coordinate retirement and major purchase goals 
  • Review tax compliance and make immediate adjustments as required

Step 3: Develop and present micro financial recommendations.

  • Review status and measure progress to date
  • Review asset allocation and risk tolerance preferences
  • Agree to recommended investment plan
  • Finalize remaining protection planning items 
  • Discuss retirement and estate planning goals

Step 4: Implement your financial plan.

  • Implement investment plan
  • Review strategies and adjust as needed
  • Finalize retirement and estate planning strategies 
  • Review engagement and outline next steps

Step 5: Complete your year-end tax planning.

  • Complete year-end tax planning
  • Fund retirement and other accounts as appropriate
  • Complete year-end employee benefit planning
  • Review tax compliance

Step 6: Monitor your financial plan.

  • Review investment portfolios, 401K, etc.
  • Monitor short-term liquid cash needs
  • Adjust plan as needed to address goals, economic conditions, and market shifts