Financial Planning Services

A Financial Roadmap… providing a guide to your financial well-being.

Setting goals, having dreams, and assessing the state of current affairs helps lay the foundation for your future financial well-being. And having a dynamic plan in place to get you to your goals gives you peace of mind. And that peace of mind is priceless.

Our financial planning services are oriented toward achieving that peace of mind.

Ready for a customized financial roadmap? Contact us today.

The KAR Approach to Financial Planning

Where are you today? Where do you want to be in the future? How will you get there? Our goal is to provide you answers to these questions.

We take a holistic and comprehensive view of your financial situation with the end goal of providing a customized plan designed to meet your specific needs and circumstances. We are not just interested in the balance sheet side of the equation. We also look at the income statement so we have a complete picture of your set of circumstances. This is where we begin digging into the details so we can provide guidance on all aspects of your financial life. Through our in-house expertise and our network of local professionals, our goal is to provide the guidance you need to make the right decisions for you and your family’s future, whether you’re risk-mitigating or estate planning.

Our personalized financial planning process begins by establishing our relationship, gathering your information, analyzing the data we’ve collected, developing a plan, implementing the plan, and then monitoring it consistently.

Financial Planning Services at KAR:

Asset, Liability and Cash Flow Analysis

What is your overall financial picture? How much should you save for your children’s college? Should you pay off your mortgage? When can you retire? Before our team creates a financial plan to help you achieve your desired goal, we will work with you to help you understand your current financial landscape. This involves collecting detailed information on your assets, liabilities, income sources and expenses. Learn more about KAR’S Portfolio Analysis Services.

Tax Planning

Are you gifting in the most tax-efficient way? Should you have investment strategies that generate tax-free income? Are you maximizing contributions in your retirement accounts? Our goal is to minimize your tax burden and take advantage of tax-deferral strategies. We can work with you to identify tax-efficient ways of gifting, execute tax-loss harvesting when appropriate, and consider investment options that generate tax-free income. We will also partner with your estate and tax advisors to review tax plans and ensure proper implementation. Learn more about KAR’s Tax Planning Services.

Charitable Giving

Do you donate cash or stock to your favorite charity? When you are giving some or all of your assets to a charity that is important to you, there are a number of ways to go about this to maximize the benefits for yourself and the charity. We have experience and insight into different methods, and can advise you on which one is most appropriate for what you are trying to accomplish. Learn more about KAR’s Charitable Giving Services.

Estate Planning

When did you last review your estate plan? Are your beneficiary designations up-to-date? Are your assets titled correctly? We can help review your plan and partner with your estate and tax advisors in order to devise and maintain a comprehensive strategy on how your assets will be disposed upon your death. Learn more about KAR’s Estate Planning Services.

Retirement Planning

Can you retire now? In 10 or 20 years? Retirement planning provides insight into how much income you will have to live off and how long your assets will last—while keeping other financial goals in mind.

Common retirement-related questions to consider are: When can I afford to retire? When should I start taking withdrawals? What returns do I need to earn in order to continue my existing lifestyle throughout my retirement years? How will taking required minimum distributions work? When should I start taking Social Security?

Our team will be by your side to help you find the answers to these questions and more. Learn more about KAR’s Retirement Planning Services.

Risk Mitigation

Life happens. Significant events occur when you least expect. Mitigating risk is a key component of having a well-rounded financial plan. We work with a team of outside professionals to help analyze your unique situation and present you with the most appropriate insurance solutions. Learn more about KAR’s Risk Mitigation Services.

Investment Advisory

You’ve worked hard for your money, now make your money work hard for you. Another component of your financial plan involves oversight of your investments to ensure that your asset allocation is suitable to meet both your objectives and risk appetite. Our experienced team considers these two factors and any other special guidance when customizing an asset allocation, while also incorporating our capital market outlook. From there, we implement a strategy, which we review on an ongoing basis, rebalancing and tax-loss harvesting when appropriate. Learn more about KAR’s Investment Advisory Services.

Financial Planning FAQs

What is financial planning?

Financial planning is the process of analyzing your financial situation and aligning it with your personal values and financial goals in order to create a strategy that will help you more confidently achieve both your short-term and long-term aspirations. 

Why is financial planning important?

Financial planning is important because it allows you to make better informed decisions when it comes to your money. You can plan for major life events, goals you wish to achieve, and experiences you want to enjoy with fewer uncertainties and risks to weigh you down. 

What to look for in a financial advisor?

A good financial advisor will take into consideration not only your financial situation, but will work to understand who you are as a person, establishing a trusted relationship so they can more accurately tailor an effective financial plan around your goals, lifestyle, and personal values. 

I have a good understanding of my income and expenses. Can financial planning still be beneficial?

Yes, financial planning is more than just want you save (or don’t save) every month. It is a projection of your anticipated financial future that is used to make strategic financial decisions regarding investment allocation, taxes, insurance, retirement and medical benefits, and your estate.  

At what stage in life should I develop a financial plan?

Regardless of how complex (or not complex) your financial circumstances are, it’s always a good time to have a financial plan. Financial plans are intended to be updated for life changes and events as frequently as needed so the plan grows with you. 

Disclosure: This information is being provided by KAR for illustrative purposes only. Information contained on this site is not intended by KAR to be interpreted as investment advice, a recommendation or solicitation to purchase securities, or a recommendation of a particular course of action and has not been updated since the publication of the material, and KAR does not undertake to update the information presented should it change. This information is based on KAR’s opinions at the time of the publication and are subject to change based on market activity. There is no guarantee that any forecasts made will come to pass. KAR makes no warranty as to the accuracy or reliability of the information contained herein.  The information provided here should not be considered to be insurance, legal, or tax advice and all investors should consult their insurance, legal, and tax professionals about the specifics of their own insurance, estate, and tax situations to determine any proper course of action for them. KAR does not provide insurance, legal, or tax advice, and information presented here may not be true or applicable for all investor situations. Additional information about KAR’s services and fees may be found in KAR’s Part 2A of Form ADV, which is available upon request or can be found at 

Article: Saving for College | Exploring the Different Types of College Plans