Financial Planning

Prudent financial planning encompasses not only saving and investing but also guidance on how to achieve a wide range of financial objectives.

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What Is Financial Planning?

Just like you wouldn’t start a road trip without referring to a map, a financial plan creates a “map” that shows how to use your money to achieve your goals.

Financial planning starts with an inventory of your current financial situation:

Your assets

What are your assets (cash, investments, home, business)?

Liabilities

What are your liabilities?

Insurance

What insurance do you have (life, disability, homeowners, umbrella policy)?

Cash flow

How do you manage your cash flow?

Goal Setting

You are unlikely to achieve your financial goals unless you define them and put in place a plan for reaching them.

Investors have a number of short and long-term goals, such as:

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Buying a home

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Buying a car

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Educating their children

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Traveling

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Retirement

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Crafting post- retirement life

Some goals are short-term.

Others may be 20 or more years away.

Good financial planning is like climbing a ladder, one step at a time. At each step, you and your financial planning team at Emeritus stop and evaluate your situation. Your financial plan is flexible. It adjusts to changing circumstances, such as:

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Death and disability

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Divorce

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Increased (or decreased) income

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Career changes

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Inheritance

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Investment performance

Once you take one step on your financial planning ladder, it’s much easier to take the next one.

At Emeritus, we believe in this quote attributed to Ben Franklin:
If you fail to plan, you are planning to fail.

How much money comes in every month?

How much are you saving?

How much goes out?

Are you prioritizing elimination of high interest debt?

How much is spent on clothing, housing, travel, food, and the reduction of debt?

A pie chart advising to save 20% of gross income.
20%

Save 20% of your gross income.

A pie chart advising to save 20% of gross income.
30%

Limit housing costs to 30% of gross monthly income.

We encourage you to save 20% of your gross income and to limit the amount spent on housing to 30% of your gross monthly income.

Our financial plans prioritize the elimination of high interest debt by implementing a debt management plan where necessary.

Retirement
Accounts

While it’s commonly believed that there’s “no such thing as a free lunch,” there’s an exception to this rule.

If your employer offers a match of your contributions to a company-sponsored retirement plan (like a 403(b) or 457 plan), that’s “free” money. We encourage our clients to contribute at least enough to qualify for the maximum employer match.

As part of your financial plan, we will also evaluate the pros and cons of investing in a traditional or Roth individual retirement account. This analysis takes into account the investment options available in your plan.

Investment Options

Are the fees charged by the mutual funds in the plan low cost?

Financial Situation

Are the investment options broad enough to permit you to make choices suitable for your financial situation?

Financial Emergencies

More than half of Americans have savings equal to three months of expenses. Almost one-quarter have no emergency fund at all. Financial emergencies can include:

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Loss of a job

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Loss of a major client

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Medical or dental emergencies

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Unexpected home or automobile repairs

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Unplanned tax liability

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Funeral costs

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Travel to visit a loved one who has taken ill

We plan for these contingencies because we understand the probability is fairly high that our clients will confront one or more of them during their lifetimes.

Investing

Our focus with all your investments in minimizing your costs and fees.

Retirement plans sponsored by your employer

Traditional and Roth IRA accounts

529 savings plans

After-tax investments

Learn about our investment philosophy

Insurance
Planning

Financial professional

An insurance review by a competent financial professional is a critical part of your financial planning.

Insurance is an often overlooked part of a financial plan, with potentially devastating consequences.

Specialized Advice

Because we have spent decades counseling employees in 403(b) and 457 plans sponsored by TIAA®, Vanguard and Fidelity, our financial plans are focused on the unique requirements of professors, administrators and healthcare professionals.

Professors & Administrators

Learn about our financial planning services for professors and administrators.

Physicians & Other Healthcare Professionals

Learn about our financial planning services for physicians and other healthcare professionals.

Emeritus Wealth Management
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Schedule Meeting
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Location

One Liberty Place 1650 Market Street, 36th Floor Philadelphia, PA 19103

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Email

info@emerituswm.com

Telephone

267-322-2540

Emeritus Wealth Management has no affiliation with TIAA. The services rendered by Emeritus Wealth Management are not reviewed or approved by TIAA. TIAA is a registered trademark of TIAA.

We help participants in 403(b) retirement plans sponsored by TIAA, Vanguard and Fidelity optimize their investments and plan for the future.

Investment advice offered through Stratos Wealth Advisors, LLC, a Registered Investment Advisor DBA Emeritus Wealth Advisors.

More information regarding Stratos may be found at www.stratoswealthadvisors.com. Registration with the SEC does not imply a certain level of skill or training. Public information concerning Stratos Wealth Advisors is available at www.adviserinfo.sec.gov. A copy of Stratos' current written disclosure brochure discussing our advisory services and fees is available upon request and/or www.stratoswealthadvisors.com.

Stratos may only transact business in those states in which it is registered or qualifies for an exemption or exclusion from registration requirements. Stratos' web site is limited to the dissemination of general information pertaining to its advisory services, together with access to additional investment-related information, publications, and links. Accordingly, the publication of Stratos' website on the internet should not be construed by any consumer and/or prospective client as Stratos' solicitation to effect, or attempt to effect, transactions in securities, or the rendering of personalized investment advice for compensation, over the internet. Any subsequent, direct communication by Stratos with a prospective client shall be conducted by a representative who is either registered or qualifies for an exemption or exclusion from registration in the state where the prospective client resides. Stratos does not make any representations or warranties as to the accuracy, timeliness, suitability, completeness, or relevance of any information prepared by any unaffiliated third party, whether linked to Stratos' website or incorporated herein, and takes no responsibility therefore. All such information is provided solely for convenience purposes only, and all users thereof should be guided accordingly.

Information presented on this website is for informational purposes only and is not intended to make an offer or solicitation for the sale or purchase of any product or security. Investments involve risk and, unless otherwise stated, are not guaranteed. Be sure to first consult with a qualified advisor and/or tax professional before implementing any strategy discussed here. When you link to any of the websites provided here, you are leaving this website. The information and opinions contained in any of the material requested from this website are provided by third parties as well. They are for informational purposes only and are not a solicitation to buy or sell any product mentioned. We make no representation as to the completeness or accuracy of the information provided by these third -party websites or third- party materials.

Please remember that different types of investments involve varying degrees of risk, and there can be no assurance that the future performance of any specific investment or investment strategy (including those undertaken or recommended by Stratos Wealth Advisors, LLC), will be profitable or equal any historical performance level(s).

Certain portions of Stratos' website (.e.g., newsletters, articles, commentaries) may contain a discussion of, and/or provide access to, Stratos (and those of other investment and non-investment professionals) positions and/or recommendations as of a specific prior date. Due to various factors, including changing market conditions, such discussion may no longer be reflective of current position(s) and/or recommendation(s). Moreover, no client or prospective client should assume that any such discussion serves as the receipt of, or a substitute for, personalized advice from Stratos or any other investment professional. Stratos Wealth Advisors, LLC, is neither an attorney nor an accountant, and no portion of the web site content should be interpreted as legal, accounting or tax advice.

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