Financial Planning - Passive Capital Management

Financial Planning Services

It’s a Process, Not a Document

At PCM, we like to remind our clients and prospects to focus on (and pay for) things they can control. While we can’t control the financial markets; we can’t control political policies, and we can’t control the future…we can plan for it. At PCM, we will never bore you with a 35-page, cookie-cutter financial planning document. Financial planning is an ongoing, evolving process that changes with our clients’ needs throughout their lives, not a single snapshot report that is printed out and handed to them. This ranges from initial information gathering to the ongoing life changes that our clients experience. Getting to know our clients and collaboratively planning their financial journey is an integral part of everything we do at PCM.

Financial planning is the assessment of your finances to develop a strategic plan aimed at accomplishing your goals and preparing your financial future: whether that’s planning for retirement, creating investment funds for your children’s college education, or ensuring a financially stable and comfortable life. By working with Passive Capital Management, you entrust a team of experts who will thoroughly and accurately understand your current financial picture in order to help plan for your future financial goals.

Financial Planning Process

Data Gathering, Understanding Your Financial Circumstances

The Foundation

The first stage is data gathering. This involves PCM gathering qualitative and quantitative information from you. This is the foundation of the financial planning process.

By conducting an honest, holistic conversation with you, we gather as much information as possible by asking questions such as:

What does your financial foundation look like?
What are your assets and liabilities?
What are your values?
What are your goals?
What is your time horizon to target specific goals?

This conversation allows us to better understand your circumstances, objectives, and unique needs; these are the details needed to give you the best recommendations possible.

Identifying your goals

Building upon the gathered data

We use the data to map the trajectory needed to achieve your goals. We will evaluate whether you are on the right path now, before determining what adjustments are needed to meet your long-term priorities.

Financial Planning Recommendations

Develop and Present our recommendations to you

Once the recommendations are mutually agreed upon, we will implement and diligently monitor them to ensure you are on track to reach your goals and suggest adjustments when needed.

Just The Beginning

The financial planning process is more like a marathon, rather than a sprint.

All marathons have a starting line and one of the most important aspects of planning is to know where you currently stand. We are here to equip you with the necessary tools to achieve the greatest financial success possible.

The financial planning process is just the beginning. As you continue to live your life, your goals and financial situation may change. Our aim is to create an ongoing relationship with you to create a financial plan that adapts to your life’s direction.

We monitor and update your financial plan to reflect ongoing conversations and account for inevitable changes in your life. Working with PCM is the start of this ongoing process.

We believe clients should control what they can in order to have a successful investing experience, this includes financial planning. While we can’t control inflation, interest rates, or market fluctuations, we can control how we PLAN for the future with these variables in mind.

Let Us Help You Achieve Your Investment Goals

Schedule a consultation or call us today to explore how PCM can support your investment journey.

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Retirement Planning

Strategic financial planning is crucial as you approach your golden years. It is a vital roadmap to fulfilling your aspirations for the later stages of life.

At Passive Capital Management, our dedicated approach to retirement planning ensures that you are not just preparing for the future but actively creating a sustainable and aligned vision with your personal aspirations. We combine disciplined investment strategies with personalized financial guidance to help you achieve a comfortable and secure retirement.

Start your journey with us today. We will navigate the complexities of retirement savings, tax planning, and income strategies tailored to your life goals.

Retirement Planning is essential for several compelling reasons:

Securing Your Financial Future

Retirement may be the end of your earning years. However, it’s also the beginning of the phase where you should be able to enjoy the fruits of your lifelong labor without financial worry. Effective retirement planning ensures a steady flow of income later in life, safeguarding your standard of living and allowing you to handle unexpected expenses without stress.

Achieving Your Personal Goals

It’s not just about saving but about investing in your future self. Passive Capital Management will help you tailor your financial plan to secure the necessary funds and optimize them to fulfill your aspirations.

Retirement is a time to pursue your passions and hobbies and travel the world – activities you may have postponed due to work and family responsibilities. Planning early for your retirement can make these dreams a reality.

Managing Health Care Needs

As we age, healthcare becomes a predominant concern and expense. Without proper planning, the costs of medical care can quickly deplete savings. A strategic retirement plan includes managing health expenses through appropriate savings and insurance strategies, ensuring you’re covered without compromising your lifestyle.

Leaving a Legacy

Many of our clients wish to leave behind a legacy. Whether it’s for their children, grandchildren,
or a charitable cause they are passionate about. Strategic retirement planning ensures that your
assets are preserved and distributed according to your wishes, minimizing the burden on your loved ones and maximizing the impact of your legacy.

Our Retirement Planning Approach

Fact-Finding Conversations

Critical fact-finding discussions are the foundation of retirement planning. We seek to gather the necessary information to devise a plan that aligns with your visions for the future.

Initially, our advisors focus on understanding your retirement goals and desires. Whether you dream of traveling the world, pursuing new hobbies, or simply enjoying a peaceful life at home, knowing what you aspire to achieve helps us shape the path to get there.

This stage involves listening to your stories and understanding what makes you feel fulfilled.

Next, we define your minimum and optimal retirement lifestyles. This involves distinguishing between a basic level of comfort and your ideal lifestyle, which includes all desired luxuries and experiences. Our goal is to create a flexible plan that starts with meeting your needs while also exploring how we can achieve the ‘optimal’ retirement you envision.

Subsequently, we estimate the costs associated with each lifestyle. This calculation involves considering current and future living expenses, potential healthcare needs, and any other personal circumstances that could impact your financial needs in retirement.

Retirement Income Sources

Identifying diverse income streams for retirement is a cornerstone of our planning process. We meticulously review potential income streams such as pensions, social security benefits, annuities, and any passive income sources like rental properties or dividends.

We ensure you understand how each income source is taxed, distinguishing between Roth (tax-free withdrawals) and traditional (taxed upon withdrawal) accounts. Additionally, we assess the tax implications of social security and pensions.

Investment Strategy Determination

We allocate your assets based on your specific retirement goals. This involves aligning your investments with the time frame and nature of your retirement aspirations, whether immediate income or long-term growth. Your investment strategy is customized to support your desired lifestyle and factors your risk tolerance and the returns needed to fund your retirement adequately. These influences make up your customization and, ultimately, the recommendation for asset types and investment vehicles.

Specific Asset Recommendations

Depending on the outcome of the retirement planning process outlined above, this could be a mix of equities, bonds, real estate, and other assets. Diverse portfolios are crucial for mitigating risk while aiming for growth. The constructed portfolio recommendation will support your retirement objectives and be well-equipped to handle market fluctuations and economic changes.

Your asset allocation will be reviewed regularly and adjusted accordingly as your life circumstances change and as you move closer to or into retirement.

Let Us Help You Achieve Your Investment Goals

Since we are a fee-only advisor, we do not accept commissions or other types of compensation from any of our investment product companies. The only fees we earn are paid directly by our clients.

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Individual goals

We pride ourselves on having a client-centered approach to discovering your retirement goals.

PCM is committed to helping you achieve financial confidence and clarity. Our process is dynamic, adapting to your evolving needs and market conditions to ensure your retirement plan remains robust and responsive.

With PCM, you gain more than just a financial advisor; you gain a partner who is invested in your future. We invite you to start this pivotal journey with us, where your retirement dreams become our blueprint for your financial strategy. Let us help you build a future that excels beyond your financial goals and enriches your life in the years to come.