All too often, that answer is never to the question above. If none of those professionals are coordinating on your behalf, you can end up with one foot on the brake and one foot on the gas in your financial life. Sure, you can still make a lot of money, but keeping a lot of money is another challenge. Here at East Coast Tax and Financial Planning, every time you meet with us, all those aspects are covered.

At East Coast, we always start with a PLAN. The old adage “failing to plan is a plan to fail” rings true. Many brokers and agents walk around with a solution looking for a problem. In many cases, this leads to investors making uninformed decisions and buying investments and products based on biased recommendations. This is why the East Coast team takes the time to develop a plan for each and every one of our new and existing clients. Rather than get the cart before the horse and start buying “stuff”, we design a financial plan that brings direction and clarity to the investments and products we choose. This avoids the infamous “financial junk drawer.” The financial junk drawer is chock full of life insurance policies, annuities, IRA and Roth IRA accounts, college education investments, REITS, and so on. These are all investments you’ve accumulated along the way because you wanted to be a good steward with your money and protect your loved ones. Now that you have all this “stuff”, how do you coordinate it and make sure it’s working together to bring you to success? That is why a financial plan is so vital. Discovering what exactly it is that you have, how it works, and how it affects you is where we start. Before you make a change to something, you first need to be confident you know what it is that you’re changing. Many times things don’t need to be completely changed. It becomes more about how we can get the tools you’ve already accumulated to work together to fulfill your dreams. If a tool doesn’t quite fit or is detrimental to the plan, we consider replacing it. So let’s explore what an actual financial plan is and how it plays a key role and assists you in being successful.