Planning for the
Next Generation

We help build solid financial foundations for young and emerging investors.

Planning for the
Next Generation

We help build solid financial foundations for young and emerging investors.

Next Generation Financial planning - young couple looking at finances on their laptop

Who is a Foundations-Level Investor?

You might be wondering if you’re at the right place in your life or career to begin working with a financial planning team. The short answer is yes! We are committed to teaching the next generation the foundations of financial success.

Are you an “Emerging investor” or foundations-level investor? Ask yourself, do you need support defining financial goals, guidance with investment options or opening accounts and enrolling in employer plans?

Our Services

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Financial Planning

Financial Statements Overview
Assess Insurance Needs

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College Funding

Understand College Costs
Devise a Funding Strategy

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Investing 101

Allocation Review
Roth/Rollover IRA models

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Estate Planning

Beneficiary Designations
Review documents

The Power of Investment

No matter if you’re beginning in your 20s or 50s, investing is a powerful tool to help you reach your financial goals. Our team will take the time to explain how investing fits your financial situation, create an action plan for your money, and guide your decision making as you move forward in your financial journey.

Is it time for you to work with a Financial Planner?

Ask yourself the questions below to better understand whether now is a good time to begin working with your partners at Wealth Planning Corporation.

There are general guidelines such as the 50/30/20. It really is dependent on your current cash flow, but having a spending plan is key to determining and adjusting your savings rate through the years.

Buying a new home or upgrading to another place involves several steps; finding a home, securing financing, making an offer, having an inspection and closing on the purchase. Once you own the home you need to be able to maintain, insure and pay the property taxes on an ongoing basis.  Knowing what you can comfortably afford today and maintain tomorrow is important.

Depending on your income you should be building all buckets for your long-term success.  Initially you want to create an emergency fund and maintain the pre-determined amount (3-6 months of living expenses). Helping you allocate among your short-term and long-term goals requires planning and paying close attention to your tax situation.

A review of your Net Worth, family obligations, income and liabilities will help you see what coverage gaps exist and what insurance coverage options you should consider. Estate planning everyone should have a Basic Will, Living Will , Healthcare POA, and Durable Power of Attorney and these documents should be reviewed regularly or as life changes happen (weddings, births, divorce, death, etc.)

Most likely, but will it be the retirement you want?  To retire, you will need enough to meet your income needs. Social Security will be a part of the equation, but your personal savings will be the biggest contributor.  You need to understand how Social Security, deferred savings and after tax funds work together to provide your future income needs.

If you answered all of the questions well with some detail, then congratulations! You’re on the right path. Wealth Planning Corporation can help you elevate your investment strategy to ensure your money is working hard for you.

If you would like more clarity around any of the questions and answers, then congratulations–you’re in the right place. We can help you learn more about your financial situation and future options. All it takes is a minute to get started.

Next Generation Wealth Planning - teenager holding cash

Student Loan Debt Cancellation – What to Know?

Student Loan Debt Cancellation – What You Need to Know Recently, President Biden extended the student loan payment pause until 12/31/2022 and announced that $10,000 of federal student loans would be cancelled for those making less than $125,000 annually or $250,000…

Next Generation Financial Planning - Man and child on laptop

Financials 101: 26 Financial Tips for the Next Generation

Why is it important to start early in saving for retirement?  Here are a few stats to ponder…the Government Accountability Office study (2019) found that nearly 48% of Americans ages 55 and older don’t have any retirement nest egg or traditional pension plan….

Next Generation Wealth Planning - teenager holding cash

How to Save: Guidance for Teens & Young Professionals

Summer is a great time for young people to get jobs, earn extra cash, and potentially begin building their savings. Many clients want to know: what’s the best long-term solution for savings? Bank accounts can serve a great purpose, but if you want the money to…

It’s never too soon–or too late–to get started.

Contact our team to take the first step to a more secure financial future.