How WestPac Wealth Partners Can Help You Save
Courtesy of WestPac Wealth Partners
Finding a respectable and highly sought advisor in this day and age can be far and few between. That is why LACMA has chosen to work with WestPac Wealth Partners because of our recognition with the Medical community and the respect and trust we have earned by doing proper planning, doing our due diligence and creating customized planning for physicians, while catering to where one is in their career. Every person is different but our focus remains the same. These are the key areas we focus on.
ALL LACMA MEMBERS WITH OUR RELATIONSHIP WILL GET A CUSTOMIZED ANALYSIS ENCOMPASSING THE FOLLOWING, A $5,000 TO $15,000 VALUE:
SAVING & INVESTING
Saving is the cornerstone of any plan. While the rate of return on any investment should always be considered, ROR or IRR is always a bi-product to saving. Incorporating saving strategies can enable anyone to maximize their growth and accumulation potential faster and more efficient than those solely focused on return on investment. We will also discuss how organized saving can save money on fees, performance, and proper budgeting initiatives.
While saving is very important to any financial strategy we feel that understanding how to manage debt enables our clients to save more and stay on track to obtaining your goals and objectives. We help you understand how to manage and eliminate bad debt but also stay out of debt.
TAXATION (Most of our Private Practice Physicians save $50k-$250k in taxes the first year working with us)
We feel that understanding taxes enables any financial strategy to yield long-term results often allowing for more sources of income to draw from in the future as well as limiting your tax liability when it matters most. That said, every client has a customized plan to assist with their tax needs to assist with keeping on top of their plan objectives.
Risk management requires key consideration and has a significant impression on the overall strategy we provide for tax planning, estate planning, and retirement planning. We will uncover and review what you have, build education on how to improve and obtain key essentials to achieving your goals.
Every Member will have access to their own customized website and will encompass the following. I ask you to PLEASE review the video to get a clear vision of how we enable ones financial picture to be clear, concise and very manageable while helping us truly help you in all of the areas mentioned above.
The Living Balance Sheet (LBS) is a powerful tool that will help guide us to helping you to achieve your goals and monitor the steps necessary to allow for optimum service to your accounts while meeting the necessary steps needed to keep everyone organized and attentive to your performance. You may go to www.livingbalancesheet.com. Each user gets a username and a personal initial password to open your account.
LBS VIDEO: https://youtu.be/GFIJwRkSu4g
The site is personal, confidential and secured.
You VAULT in your LBS is a critical tool to help us stay organized and keep historical data SECURELY saved to help us stay on track and have access to documents necessary to help you meet your goals.
MONITORING & FOLLOW UP
It is essential we set a minimum of 2 dates in the future to keep you on track and review your accounts together.
COMMON DOCUMENTS NEEDED TO GET STARTED
The following documents will help us to perform your customized education and solutions for our next meeting. Please try and gather all documents that pertain to you in a timely fashion.
- 3 Years of Person and/or Business Tax Returns
- Copies of your insurance Policies including, Liability, Home, Renters, Umbrella, Car, Life, Health, LTC & Disability.
- Last statements of your financial accounts such as investments, retirement, savings and other liquid accounts.
- Recent Social Security Statements
- Copies of your Estate Planning Documents such as Wills & Trust
- Copies of Group Benefits