Financial Planning

Your life should not revolve around your wealth, your wealth should revolve around your life. At Lakewood Wealth Management, we work with you to develop a customized financial plan that provides a framework for helping you achieve and live your definition of wealth.

Whether you are planning for college, preparing for retirement, or working to leave a legacy, we can help you design and implement a holistic financial plan meant to achieve your objectives.

Our Financial Planning Process:

1. Discovery Meeting
- Begin with an introductory meeting where we get to know you and your financial objectives.
- During this session, we’ll discuss your current financial situation, goals, and any concerns or challenges you may have.
2. Data Gathering and Analysis
- Collect comprehensive information about your income, expenses, assets, liabilities, investment holdings, and risk tolerance.
- Our team will conduct a thorough analysis of this data to gain insights into your financial landscape and identify opportunities for optimization.
3. Goal Setting
- Collaborate with you to establish clear, achievable financial goals that align with your values and aspirations.
- Prioritize your goals and establish realistic timelines for achievement.
4. Financial Plan Development
- Develop a personalized financial plan tailored to your unique needs and objectives.
- Our plan will encompass strategies for budgeting, saving, investing, retirement planning, tax optimization, estate planning, and risk management.
5. Presentation and Review
- Present the financial plan to you in a clear, understandable format, explaining key recommendations and strategies.
- Review the plan together, addressing any questions or concerns you may have and ensuring your full understanding and confidence in the proposed approach.
6. Implementation
- Collaborate with you to implement the recommendations outlined in the financial plan.
- Coordinate with relevant professionals, such as tax advisors or estate planning attorneys, to ensure seamless execution of the plan.
7. Ongoing Monitoring and Adjustments
- Regularly monitor your progress towards your financial goals and make adjustments to the plan as needed.
- Stay informed about changes in your life circumstances, market conditions, and tax laws that may impact your financial plan.
8. Regular Reviews
- Schedule periodic reviews to assess the effectiveness of your financial plan and make any necessary updates or refinements.
- Our team will proactively reach out to you to schedule these reviews and ensure that your financial plan remains aligned with your evolving needs and goals.
9. Continued Support
- Provide ongoing support and guidance to help you navigate life’s financial challenges and opportunities.
- Our team is here to serve as your trusted advisors, offering expertise, insight, and personalized attention every step of the way.
10. Get Started
Ready to take control of your financial future? Schedule a consultation with us today to begin the financial planning process and embark on the path to financial success.

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