Thrive Financially for a life well-lived.
Discover the Future of Financial Planning with Level 5 Financial Planning: Where Innovation Meets Simplicity.
In today’s world, managing your finances shouldn’t mean juggling complicated processes or fitting into rigid schedules. With Level 5 Financial Planning, we blend cutting-edge technology with unparalleled ease of use to bring your financial planning into the digital age. Our philosophy? Empowering you through seamless, transparent, and efficient financial management, directly at your fingertips.
It Starts With Mapping Out Where Are Today, What’s Important, and Where you Want to Go.
Experience an understanding of your financial life like never before. My Money Map is Your guide to living a thriving financial life.
The goal of creating a Money Map is threefold:
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First, it's essential to bring awareness to your current financial situation. Understanding where you stand financially is the foundational step.
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Next, we aim to infuse intention into your financial decisions, guiding you toward a life of financial thriving.
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Finally, actualization involves realizing your financial goals. Once we understand where we are and how we intend to live, we work to actualize that vision.
Assessing your 5 Essential Area’s of Financial Planning
When we talk about your financial life, we like to discuss areas of our financial life that pertain to all of us. We call these your 5 essential financial life areas, and taking a thoughtful approach to these five key areas can really set us up for long-term success. The five essential areas – cash flow, investment, tax, risk management, and estate planning – are like the building blocks for a thriving financial life. By breaking it down into these core components, it becomes much more manageable to develop a comprehensive strategy. And let's be real, having that roadmap in place gives us all a little more peace of mind.
At the end of the day, our finances don't have to be this big, scary unknown. By tackling each of these key areas head on and making it a priority, we're setting ourselves up to live life a little more freely and confidently. It's a journey for sure, but one that's absolutely worth taking.
What’s your current Financial Level?
The journey through different financial levels is a personal one, marked by individual challenges and triumphs. A lower level simply indicates an area of potential growth and learning, an opportunity to deepen one's understanding and to develop strategies for improvement. Conversely, being at a higher level in any aspect of life is an achievement that comes with its own set of responsibilities, including the need to maintain and build upon that success.
What’s in a plan anyway?
Easy Steps to a better financial life!
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We take the time to understand your unique financial situation, aspirations, and concerns. By listening and learning about your goals, we lay the foundation for a tailored financial plan. Together, we work on setting clear, achievable financial goals that resonate with your values and dreams. We help you prioritize these objectives to create a roadmap for your financial journey.
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Create and Review your Intentional Spending Plan (budget)
Set up systems to keep you organized and on track
Bill Pay and Savings Automation
Open high yield savings account and auto fund
Budget for Large Purchases
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Gather information and statements
Create pay off plan
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Understand Grounded Investor Principles
Align your assets with your goals
Create your asset allocation
Optimize your tax location
Create your own personal Investor Strategies
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Go through prior year tax return
Understand your withholding and estimates
Research ways to lower your tax bill
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Have an adequate savings account
analyze current auto, homeowners, medical and liability to make sure you're adequately insured
Calculate life insurance needs and purchase more if underinsured or eliminate policies if over insured
Calculate disability insurance needs and purchase more if underinsured or eliminate policies if over insured
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Create an advanced directive and health care POA
Financial POA
Last will and Testament
Review beneficiaries for all accounts
Create a trst if necessary
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Once your initial plan is complete, the work isn’t over. You then need to continue to make financially healthy decisions year in and year out. But the good news is now you have a plan in place and strategies to follow.
Stay on track with tools you’ll actually use
Your Personal Financial Dashboard
Monitor your total financial health in one place
We'll keep a vigilant eye on your total wealth, including investments, assets, and liabilities. Receive regular updates on your overall financial health, empowering you to make informed decisions.
Personalized investments as unique as you are
Unlimited Customization and optimized tax management
Features
Customized Portfolios: We learn about your investor style and preferences as well as your tolerance for risk first, then create a portfolio tailor fit for you. No Cookie Cutter Robo Portfolios.
Automated Tax Management: Don’t let taxes take a bite out of your returns. We manage your account daily to look for ways to lower the tax impact on your portfolio. Leveraging things like: Tax Loss Harvesting, Tax sensitive transitions, wash sales, short term gain avoidance, tax budgets, optimal tax lot selection and more!
Direct Indexes: Get access to owning your own ETF, where you own and hold the individual stocks in your account.
Marketplace Access: Get access to our investment strategies or pull from a host of qualified investment strategies by some of the best firms in the world.
Improve your quality of life, by increasing your financial well-being
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Financial stability reduces the stress associated with money worries, leading to improved mental and emotional well-being.
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Financial health provides the freedom to make choices without being constrained by financial limitations, such as pursuing your dream career or taking time off for travel.
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Financial stability can lead to healthier relationships, as money-related conflicts are minimized, and you can focus on nurturing personal connections.
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Financial health provides a sense of security and peace of mind, knowing that you have a safety net in place.
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With financial stability, you can plan for a comfortable retirement and enjoy your later years with confidence.
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Financial health provides the means to give back to your community or support causes you're passionate about through charitable donations.
Ultimately, financial health contributes to an improved overall quality of life, as it allows you to live on your terms and achieve your life goals.