Have you been searching for objective financial advice?
Timothy Financial helps you clarify your financial goals, see the big picture, and put together an action plan that makes sense and is easy to implement.
A good financial plan looks at all aspects of your financial life. Topics include retirement planning, specific investment recommendations, tax planning, college saving, risk management review, estate planning, and more.
We are fee-only fiduciary financial planners which means we:
- Always act in good faith and with candor.
- Are proactive in disclosing any conflicts of interest that may impact a client.
- Do not accept any referral fees, commissions, or compensation contingent upon the purchase or sale of a financial product or any other hidden fees.
Our services:
A full plan (the most cost-efficient) includes all of the following four areas listed but in most cases advice can be provided unbundled and on an as-needed basis.
CASH FLOW/RETIREMENT COUNSEL
Provide a detailed plan and expert advice that equips a client to efficiently and effectively achieve their goals.
INVESTMENT ANALYSIS
Analyze clients’ investment strategies relative to their goals, risk tolerance, and time horizon and provide specific recommendations for each individual client.
RISK MANAGEMENT
Evaluate insurance needs, amount, type, and duration based on a client’s goals.
ESTATE PLANNING COUNSEL/DESIGN
Assist clients, executor, and/or trustee in estate plan decision-making or design. Can work with your attorney to ensure your wishes will be executed upon your passing.
Our financial planning process is simple
- After you have reviewed our site, contact us to arrange an introductory phone call to briefly discuss your financial planning needs and schedule a no obligation initial meeting (virtual or in-person).
- At the initial meeting, we will answer your questions and gather sufficient information to provide you a firm quote for our initial services.
- Once you engage our services, we will gather any additional required data, perform an in-depth analysis of your current financial situation, and develop a clearly written plan that fits your individualized objectives and risk tolerance.
- At our presentation meeting, we will review our recommendations with you in detail and answer any questions you might have. We may also present alternate scenarios and show the financial impact of various decisions.
- Once your plan is finalized, you will have everything you need to act on our recommendations or engage our Client Service Team to help implement your plan if you desire.
A good plan is never finished. Most clients continue to engage our services for regular review meetings and to answer questions as they arise or life circumstances change.
How complex is your financial life?
Review the chart below to discern the level of complexity of your financial life. We want you to feel comfortable before you even connect with us.
Visit our fees page to learn more about costs of each level or call our office at (630) 681-0700, ext. 107 and arrange a no-obligation introductory meeting.
Gauge your level of complexity
This chart lists most of the different aspects of financial planning. The levels represent the degree of complexity and will help you get an idea of how much financial planning will cost with Timothy Financial Counsel. To review our pricing for each level, visit our fees page.
Cash Flow Services |
1 |
2 |
3 |
4 |
5 |
---|---|---|---|---|---|
Level and vehicle for emergency fund | |||||
How/when to pay off debt | |||||
Employment benefits review | |||||
College Education Planning | |||||
Contributions to 401(k) and IRA | |||||
Five-year cash flow projection | |||||
Retirement projections | |||||
Income tax planning | |||||
Home purchase decision | |||||
Charitable giving strategy | |||||
Social security planning | |||||
Pension election planning | |||||
Retirement withdrawal planning | |||||
Timing of retirement | |||||
“Windfall” planning (inheritance, business sale, severance, etc.) | Basic | Low | Medium | High | |
Stock options/restricted stock strategies | Low | Medium | High | ||
Deferred compensation strategies | Low | Medium | High | ||
Small business retirement plan selection | Low | Medium | High | ||
Pre-65 healthcare planning | Low | Medium | High | ||
Job/career change evaluation | Low | Medium | High | ||
Investments Services |
1 |
2 |
3 |
4 |
5 |
Asset class allocation | |||||
Specific advice for current employment retirement plan only |
One | ||||
Specific advice for multiple retirement accounts | Few | Some | Many | A lot | |
Specific advice for multiple retirement and taxable accounts | Few | Some | Many | A lot | |
Guidance on variable annuities | One | Few | Many | ||
Insurance Services |
1 |
2 |
3 |
4 |
5 |
General advice on types and amounts of life insurance | |||||
Specific advice on types and amounts of life insurance | |||||
General property/casualty liability, disability, and long-term care advice | |||||
Specific advice on existing term life insurance policies | |||||
Specific advice on existing term and permanent life insurance policies | |||||
Long-term care cash flow analysis | |||||
Estate Services |
1 |
2 |
3 |
4 |
5 |
Basic estate planning advice | |||||
Estate design | |||||
Review of existing documents | |||||
Charitable estate planning | |||||
Estate settlement advice | |||||
Irrevocable trusts |
Why do people hire us?
Validation
We offer clients an independent validation of their financial decisions.
“Am I on the right track?”
Ideation
We offer clients new ideas and strategies they may not have thought of on their own.
“Are there things I should be doing differently?”
Trusted Thought Partner
We are a trusted resource for you.
“Who will be my thought partner in the future when my situation or external circumstances change?”
Family Resource
We are a resource to your spouse and children.
“Who will I turn to if something happens to my spouse?”
“Who can help prepare my children to manage their finances well?”