Herman S. Cage & Associates: Financial Planning at a Glance

Step 1: Determine What You Want Out of Life

  • Articulating goals and objectives
  • Defining short-term objectives
  • Defining long-term objectives
  • Setting priorities

Step 2: Determine Where You Stand Now

  • Developing a financial statement/net worth
  • Evaluating assets and income streams, debt and obligations
  • Determining tax liability
  • Evaluating investments
  • Determining risk

Step 3: Provide Options to Help You Get There

  • Presenting Income strategies
  • Offering Investment strategies
  • Developing tax strategies
  • Managing risk

Step 4: Work toward Having the Money You Need to Do The Things You Want

  • Following the plan
  • Adjusting the plan, when major events warrant
  • Living under your means
  • Avoiding investments that you don’t understand

Preparing for an Initial Financial Planning Session at Herman S. Cage & Associates

The fee for financial planning for individuals and couples is $225. It is a highly interactive and intensive process. At the end of the process, we will present strategies for Steps 1 through 3. The success of the plan, however, depends on you. Your ability to adhere to the action items in Step 4 greatly increases the likelihood of reaching your goals. Please review and bring the following information to your initial financial planning session.

  • List of goals and objectives. An understanding of what you want out of life. If you’re doing financial planning as a couple or a family, it’s important that you are both on the same page—and share the same vision for your financial future. Working out these things ahead of the session and developing priorities helps the session to be more focused and productive.
  • List of questions or concerns about your current financial situation
  • Prior Year Tax Return
  • List of assets/investments, including latest statements with yield, fees, maturity dates, etc.
  • List of liabilities/debt, including credit card balances
  • List of monthly, quarterly and annual expenditures
  • List of sources and amount of monthly income