One of the first pages is the Snapshot, a one-page summary of key elements in their plan. While the detailed information comes later, the Snapshot makes it easy to see the big picture at a glance.

After completing their Discovery, Get Organized, and Explore Possibilities Meetings with Embolden Financial Planning LLC, they now have a clear plan in place. Their plan indicates an 80% likelihood they can achieve their goals before and after retirement without running out of money in any year.

The dark blue line shows the median projection, the midpoint where investment assets may be higher half the time and lower half the time. The shaded areas show the ranges where their investment assets are projected to be about 50% and 90% of the time.

Stocks, or equities, typically offer higher return potential but come with more volatility. Bonds, or fixed income, tend to provide stability with lower returns. Their current allocation shows a heavy weighting toward riskier, higher-return investments.

By sharing their financial information, including assets and liabilities, and securely linking their accounts in RightCapital, they can see their net worth updated every day.

It shows their assets, liabilities, and net worth together in one clear view.

These include bank accounts, investment accounts, their home, and their car.

These include a credit card balance, a mortgage, a home equity line of credit, a car loan, and a student loan.

The difference between their assets and liabilities.

After discussing with Embolden Financial Planning LLC, they decided to keep three months of living expenses in liquid savings. This fund is reserved for true emergencies, such as unexpected medical bills, home repairs, or job loss.

Right now, it’s kept in the same bank account they use for everyday expenses.

To reach their target, they’ll need to set aside some additional cash. One idea is to open a separate bank account and label it “Emergency Fund” to keep the purpose clear.

At first, they weren’t sure where their money was going. After securely linking their accounts in RightCapital, their transactions were reviewed and organized. They created a budget that fits their goals.

Their expenses are grouped into categories such as housing, utilities, groceries, and loan payments, making it easier to see the full picture of their spending.

Having a clear budget helps them stay on track and make steady progress toward their financial goals.

After sharing the details with Embolden Financial Planning LLC and exploring repayment strategies, they now have a clear plan in place to manage it with confidence.

They can easily see who they owe, the balances, and the interest rates for each loan.

After reviewing their options, they decided to continue with their current payment schedule, which keeps them on track.

Because student loans come with unique repayment options and, in some cases, forgiveness, Embolden Financial Planning analyzed his situation to see if any of these programs could help reduce or manage his payments.

Because he works in the private sector, he isn’t eligible for the programs available to public service employees. However, he may still qualify for an income-driven repayment plan, which could help manage his monthly payments.

After completing risk tolerance questionnaires, they discussed with Embolden Financial Planning LLC how much investment risk felt appropriate, what level would let them sleep soundly at night, and how it fit into their financial goal plan. Together, they decided to reduce portfolio risk by lowering their allocation to equities and increasing their allocation to fixed income.

Embolden Financial Planning LLC will provide specific trade recommendations to align Homer and Marge’s portfolio with their target in a tax-efficient way. At their Review Meeting, they’ll receive updated recommendations to keep the portfolio on track.

Amazon and Microsoft have grown into a large part of their current investment portfolio, and much of their money is held in taxable accounts.

After working with Embolden Financial Planning LLC, they now have a plan to sell portions of their shares over several years, spreading the tax impact across multiple tax years.

This helps them understand which assets are in taxable, tax-deferred, and tax-free accounts.

It was run through 1,000 Monte Carlo simulations and stress-tested to see how different risks could affect their plan.

There is an 80% chance they will not run out of money in any year of their plan.

For example, a 20% cut in Social Security, higher-than-expected inflation, or lower investment returns could lower the probability by up to 8%.

They can see how much they are projected to save each year until retirement, and once retired, they can see their projected income and expenses for every year of their plan.

Most of their savings are projected to go toward retirement, but they are also setting money aside for their children’s future education.

Most of their retirement expenses will be covered by their savings and Social Security benefits.

After reviewing their statements, Embolden Financial Planning LLC presented the optimal strategy for when and how to collect.

By following the optimal strategy, their plan projects a significantly higher total benefit over time.

By delaying Social Security benefits, the analysis shows they are projected to come out ahead over time.

But now they understand what may affect their future decisions and have a resource to guide them when the time comes.

These include whether they have employer coverage, where they live in retirement, and their health status. They plan to discuss their options with Embolden Financial Planning LLC when it’s time to decide.

The colorful waterfall chart and other visuals give one view of their cash flows, while a detailed line-by-line report shows the numbers in more depth.

Now they can clearly see where the money is going and where adjustments could be made.

They are projected to have cash in excess of their planned savings available to spend.

Embolden Financial Planning LLC reviewed his coverage and how it would support his surviving spouse, Marge, through the end of their financial goal plan.

In fact, Homer has more coverage than he is projected to need. Homer and Marge are comfortable keeping more insurance than required, so no action is needed. Working with Embolden Financial Planning LLC, a fiduciary financial planner that does not sell products or earn commissions, gives them confidence that all recommendations are in their best interest.

Embolden Financial Planning LLC reviewed his coverage and how it would support them and the success of their financial goal plan.

Homer’s employer policy is projected to cover 49% of his income if he is unable to work due to a disability. After discussing with Embolden Financial Planning LLC, they decided no additional coverage is needed.

After seeing how costly and important care was for their aging parents, they worked with an insurance broker to obtain coverage of their own.

After reviewing their plan, which included higher living expenses in later years related to aging and diminished mobility, it was determined they could self-insure for any costs not covered by their policies.

This includes homeowner’s insurance to protect their home, auto insurance for injuries and property damage, and umbrella insurance for additional liability coverage.

After discussing with Embolden Financial Planning LLC, it was determined they should increase their homeowner’s coverage to 80% of their home value. They already meet the state minimum requirements for auto insurance, so no changes are needed there. After reviewing their plan and current liability coverage, Embolden believes umbrella insurance is not necessary at this time.

They wanted to understand how much to save for each child and how those savings would affect their overall financial goal plan.

Based on projected college costs, scholarships, and student borrowing, Homer and Marge have set a target savings amount to help him through school. They opened a 529 College Savings Plan and will make annual contributions. Embolden Financial Planning LLC completed this same analysis for each of their three children.

Embolden Financial Planning LLC analyzed their projected income, timing, and tax brackets to identify the best opportunities to convert.

By converting tax-deferred accounts into tax-free accounts at the right time, they are projected to grow their portfolio more effectively.

Embolden Financial Planning LLC reviewed the documents they created with an estate planning attorney and prepared a report to help keep everything organized. A review of their account beneficiaries was also completed.

At their annual review with Embolden Financial Planning LLC, this may be one of the topics they revisit to ensure the plan remains appropriate.

If any were missing or outdated, Embolden Financial Planning LLC would recommend updating them to keep everything current.

It shows how their assets are projected to flow, and to whom, at the end of their lives based on their actual estate plan and projected asset values.

This illustration showed that none of their estate was directed to charitable causes, even though they would like to give more. They have scheduled a meeting with Embolden Financial Planning LLC to discuss charitable giving strategies.

It illustrates their net worth, income, savings, expenses, and goals all in one place.

Along with this report, they received detailed instructions for implementation, including specific trades to align their portfolio with their target allocation. If questions come up, they know Embolden Financial Planning LLC is available to help by email or in a meeting.

They know this is just the beginning of their relationship with Embolden Financial Planning LLC. They plan to meet annually to review their portfolio, confirm it stays aligned with their target asset allocation, and update their financial goal plan as their lives and goals evolve.

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