It's never too early to start planning for the snowbird lifestyle. The sooner we can add this goal to your financial plan and begin working on strategies, the better. That being said, at least two to three years in advance would be the latest you’d want to begin your snowbird planning.
Our Lifestyle Questionnaire will help both you and our financial planning team gain a better understanding of your vision. We'll collectively create your vision statement and pin it for later as we step back and look at where you are today.
To figure out how best to help you attain your vision for the future, we start with your current situation. We take a deep dive into your assets, liabilities, insurance, spending, employment and career plans, and lifestyle needs. We then present our findings and discuss how you can achieve your vision.
Designing a Plan that will enable your success is our ultimate goal. Our job is to be creative and thoughtful in how to best help you attain your vision. We will meet with you after your draft Plan is completed to dive into the details and support you in making decisions. Once your Plan is complete, we'll implement the steps together to help make your dream a reality.
The implementation phase may include any or all of the following: Portfolio Changes, Tax Planning, Estate Planning, Cashflow Planning, and/or Insurance Planning. Read more about each of these in further detail below.
We put your money to work for you in alignment with your Plan. Considering when you'll need money available, along with your risk tolerance and growth needs, will help drive the updates we make.
We discuss potential changes (income, sales, and estate tax rates) to your tax situation and residency status and how this factors into your Plan.
We review estate planning considerations including beneficiaries, maintenance of your home, etc., and establish which documents you'll need to manage your assets.
We review your overall budget and cash flow while considering the costs of maintaining and moving between two residences.
We discuss insurance planning and factors to consider including the types of insurance you may need, how to manage risk associated with a second home, protection of your dependents, and more.