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Financial Planning

Great financial advisors donʼt just manage your investments; they also help you make decisions across your financial life, allowing you to have greater financial freedom. But how do you know whether your financial advisor is creating a financial plan that fits your needs?

At D&Y we are fee-only financial advisors that follow a simple set of principles to develop your financial strategy. We believe your financial plan should be:

Holistic. Your financial plan is more than just a momentary checklist. Your plan should not only take into account your current financial picture; it should also include your financial goals and dreams, your health, your family situation, and any other personal and professional dynamics you face. This comprehensive financial planning strategy is designed to take your entire life’s picture into account, not just your current financial situation.

Tailored to you. You donʼt fit into a box and neither should your financial plan. Whether youʼre building your business, figuring out when you can retire, managing an inheritance, dealing with divorce, starting your family, or leaving a legacy, you deserve a financial plan thatʼs as unique as you are..

A tool to help you make tradeoffs. Should you work a few more years or should you retire early and spend less throughout retirement? How do you balance investment risk versus return to drive sufficient retirement income? How much can you spend now without worrying about running out of money later? Can you afford to take your entire family on that big vacation this year? What happens if you make a transformational gift to your favorite charity?  Your financial plan, portfolio and D&Y wealth advisor can help you answer questions like these so you know the implications of the choices youʼre making. By utilizing our financial services, you will have a one-stopshop to help with your retirement planning, asset management, and investment management – giving you peace of mind when making decisions..

Designed to weather good times and bad. Your financial situation can change faster than you think. Markets fluctuate. Unexpected expenses arise. Isn’t it time your investment advisor was prepared for all economic situations? We stresstest your financial plan and investment strategies to make sure it they will carry you through the inevitable ups and downs of life.

Dynamic, evolving as your life changes. Your financial plan isnʼt just a one-time document; it needs to be adjusted and tailored as your finances develop and grow. As your life unfolds, weʼll update your financial plan to reflect the changes youʼve experienced. That way, youʼll have a living, breathing document to serve as your guardrails on an ongoing basis.

Built by a team with expertise. Financial planning software can only take you so far. Ultimately, what makes the difference between a good financial plan and a great one is the people who create it. As a fee-only fiduciary financial advisor, we always have your best interest in mind, and our experienced team is here to provide truly comprehensive financial planning and financial advice. At D&Y, every Lead Advisor and Financial Planner is required to obtain the CERTIFIED FINANCIAL PLANNERTM designation. Many also hold additional advanced titles with specializations in areas like business exit planning, tax planning, and planning for divorce. Our financial planning service also includes collaborating with your entire professional team, from your accountant to your estate planning attorney. We want to ensure that all of your financial decisions are grounded in excellent, holistic advice so that you can have the financial freedom that you deserve..

 

Our Financial Planning Services

Together with one of our financial planners, weʼll help you create a roadmap to follow and provide you with a team dedicated to getting you to your destination. We provide financial advising in the following areas:

Family Issues

  • Are you dealing with divorce? We can help with divorce planning and asset division.
  • Do you have elderly parents or an aging spouse? We create plans for financing care, whether itʼs in-home, independent, assisted living, or long-term care.

Debt Management

  • Do you have a mortgage? Are your monthly payments or your interest higher than they need to be? We can analyze mortgage payoff and refinance options to find the best solutions for you. We also coordinate directly with your lenders to make the process as smooth as possible for you.
  • Are you wrestling with how to pay down debt? Weʼll review your assets and income to create a plan to reduce your debt.
  • Do you need bridge financing to purchase a new property before your existing home sells? Through Schwab Bank, we can provide Pledged Asset Line (PAL) or margin options, depending on how your portfolio is structured.

Insurance

Having proper insurance coverage is a crucial part of a comprehensive financial plan.  Insurance can be a key building block, from protecting your family with basic coverage to addressing multigenerational estate planning, insurance products are essential.

Although we are not insurance brokers, our wealth management firm is happy to recommend professionals who can help assess your current coverage and meet additional needs. Note that we do not receive any compensation from insurance products or professionals we recommend.

Our financial planning team addresses common insurance needs including:

  • Life insurance
  • Disability insurance
  • Health insurance
  • Long-Term care insurance
  • Property & casualty insurance for high-net-worth individuals and unusual assets
  • Personal liability umbrella policies
  • Business insurance

Tax Planning

Taxes can be complex. A D&Y financial planner in San Diego will work with your tax professional and estate planning attorney to create a proactive strategy to optimize your income, gift, and estate taxes. This can include:

  • Roth conversions
  • Tax-smart charitable giving strategies, including:
    • Donor Advised Funds
    • Gifting appreciated stock
    • Qualified Charitable Distributions (QCDs) from IRAs
  • Family gifting strategies
  • Qualified educational transfers
  • Qualified medical transfers
  • Multigenerational tax planning
  • Retirement plan contributions
  • Itemized deduction planning

Executive Compensation and Employee Benefits

From 401(k)s to stock incentives, we can help optimize your compensation while minimizing the impact of taxes. We often help clients:

  • Understand the investment options in their 401(k), 403(b), or 457 retirement plans
  • Analyze equity-based compensation including Incentive Stock Options (ISOs), Non-Qualified Stock Options (NQSOs), Restricted Stock Units (RSUs), and Employee Stock Purchase Plans (ESPP)
  • Understand 83(b) election and Net Unrealized Appreciation (NUA) opportunities
  • Coordinate, strategize, and execute 10b5-1 plans
  • Manage concentrated stock positions
  • Plan for liquidity events, such as mergers, buyouts, IPOs, or sales of closely held businesses
  • Determine contribution and payout strategies for deferred compensation programs

Estate Planning

Do you know what will happen to your wealth upon your passing?  One of our financial advisors will work with your estate planning attorney to put a plan in place throughout your lifetime and after. This can include:

  • Reviewing your current trust, will, and estate plan
  • Confirming Advance Medical Directives and the appropriate Powers of Attorney are in place
  • Ensuring your accounts are appropriately titled, and beneficiary designations are accurate
  • Where applicable, implementing additional planning tools, such as:
    • Spousal Lifetime Access Trusts (SLATs)
    • Grantor Retained Annuity Trusts (GRATs)
    • Charitable Lead Trusts (CLTs)
    • Charitable Remainder Annuity Trusts (CRATs)
    • Family Limited Partnerships (FLPs)
    • Intentionally Defective Grantor Trusts (IDGTs)
    • Qualified Personal Residence Trusts (QPRTs)
    • Irrevocable Life Insurance Trusts (ILITs)
    • Self-Canceling Installment Notes (SCINs)
    • Private Annuities

Education Planning

Are you saving for college for your children or grandchildren? Is an UTMA/UGMA custodial account or a 529 the right choice for you? How does that impact their ability to qualify for financial aid through the FAFSA? And if you select a 529, which one should you choose?

Our financial planners can advise on all of these decisions while providing you with recommendations for how much to save and how to invest to reach your familyʼs educational goals.

Whether you are looking for investment advice or need assistance with asset allocation or personal financial planning, contact a financial professional at Dowling & Yahnke Wealth Advisors today to get started planning for your financial goals.

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