FAQs for Our Certified Financial Planner

How Can We Help You? Are You …

  • A young adult or recent graduate?
  • Still in the workforce?
  • Retired?
  • A business owner?

Scroll down to see our answers for the questions we receive most often from people like you.

Young Adults & Recent Graduates

Once you start earning a regular paycheck, investing is something to consider. Know that it is never too late to start — even when you’ve been in the workforce for a while, are nearing retirement, or even have already retired. Learn more about our Investment Management Services.

We advise clients of all ages and stages of life. If you are busy focusing on your business or family, we are here to help. Educating our clients is something we love to do, so we welcome anyone who’s looking to learn more about financial planning. It’s exciting for us to see our clients make informed decisions because we’ve taken the time to answer every question.

Saving is setting money aside for smaller, near-term goals, like a vacation, a car or having an emergency fund for the unexpected. Investing involves purchasing stocks, mutual funds and other types of investments with the possibility of generating returns to put toward long-term goals at least five to seven years away: buying a home, starting a business, retirement or college.

This is where talking with a Certified Financial Planner (CFP®) can come in handy. This answer can depend on how old you are (and how many years you have until retirement), what kind of debt it is (credit cards charge very high interest rates, while school loan rates are much lower), and what kinds of expenses you see in your future. These are just a few of the factors we’ll look at to help you to decide.

Professionals in the Workforce

There is never a bad time to start — even when you’ve been in the workforce for a while, are nearing retirement, or even have already retired, Oxford Planning Group can help you prioritize. Learn more about our  Investment Management Services.

Your Certified Financial Planner (CFP®) at Oxford Planning Group will work closely with you to review your goals, based on your unique needs and situation. We’ll offer realistic recommendations to help you prioritize your goals and design an overall plan. Our process may include retirement planning, business succession planning, analysis of insurance needs, review of taxes, investment management, education planning, paying off student loans and other financial planning areas specific to your needs.

We will ask you how you prefer to be contacted, to reach you in the most convenient and efficient way. We will meet periodically throughout the year, face-to-face (or video conference, as needed), to review your plan and see what changes in your life will influence your plan moving forward. We’re available anytime by phone, email or a scheduled in-person meeting. We also send out quarterly reports, weekly market newsletters.

Oxford Planning Group can help you review the many factors you need to consider. How much income will you need in retirement? Where will you live? Do you have a mortgage? What do you want to do for pleasure in retirement? Your answers to these questions and others will help you decide how much money you’ll need for the type of retirement lifestyle you want. With our retirement analysis, you’ll have a guide for this next stage of your life.

Oxford Planning Group can provide a detailed analysis that will help you to decide when it is best to take Social Security. There are several different factors for each person (or household) that make the answer different for each person.

Tax preparation is when you talk with your accountant to discuss your previous year’s taxes. By then it’s too late to take certain tax deductions and credits that should have occurred during the previous year. Tax planning is performed throughout the actual tax year to potentially reduce your tax burden. Some tax-saving strategies may include: selling investments with losses to offset other income, making certain retirement plan contributions, and taking advantage of medical and charitable deductions. Oxford Planning Group can be especially helpful in tax planning by coordinating with your accountant about your financial status.

Estate Planning is more than just planning to minimize possible estate taxes that can occur at the federal and state level. Estate planning also includes reviewing the survivor needs of your family or business, how you wish to transfer your property, and a review of documentation needed to achieve your estate planning goals. Our Certified Financial Planner will collaborate with your estate attorney so that legal estate documents work in tandem with other elements of your financial plan, such as investment, saving for retirement or putting children through college. Oxford Planning Group, LLC does not practice law. Your attorney will handle specific legal issues and documents.

Retirees

Life is constantly evolving and comes with many changes in direction and unexpected detours at any age. Oxford Planning Group helps clients navigate these changes seamlessly. Even if things are steady, keeping on track requires monitoring. A Certified Financial Planner (CFP®) will help you look at all of the financial aspects of your life: estate planning, insurance needs, selling a business, tax planning, and much more. We can also review your current plan to offer a second opinion.

Your Certified Financial Planner at Oxford Planning Group will work closely with you to review your goals, based on your unique needs and situation. We’ll offer realistic recommendations to help you prioritize your goals and design an overall plan. Our process may include retirement planning, business succession planning, analysis of insurance needs, review of taxes, investment management, education planning, paying off student loans and other financial planning areas specific to your needs.

We will ask you how you prefer to be contacted, to reach you in the most convenient and efficient way. We will meet periodically throughout the year, face-to-face (or video conference, as needed), to review your plan and see what changes in your life will influence your plan moving forward. We’re available anytime by phone, email or a scheduled in-person meeting. We also send out quarterly reports, weekly market newsletters.

Estate Planning is more than just planning to minimize possible estate taxes that can occur at the federal and state level. Estate planning also includes reviewing the survivor needs of your family or business, how you wish to transfer your property, and a review of documentation needed to achieve your estate planning goals. We collaborate with your estate attorney to so that legal estate documents work in tandem with other elements of your financial plan, such as investment, saving for retirement or putting children through college. Oxford Planning Group, LLC does not practice law. Your attorney will handle specific legal issues and documents.

Oxford Planning Group can provide a detailed analysis that will help you to decide when it is best to take Social Security. There are several different factors for each person (or household) that make the answer different for each person.

Business Owners

We’ll guide you in selecting a plan in line with your expectations of cost, while meeting employees’ needs to make it a valuable benefit. Then we provide ongoing education to your employees to guide them in available options. Once the plan is in place, we monitor the performance and diversification of the plan’s investments, along with performing other tasks that can reduce your risk of fiduciary liability and lessen your workload. Learn more about our Qualified Plan Consulting.

There a certain retirement savings plans available just for business owners, like a Solo 401(k), SEP IRA, Simple IRA, traditional 401(k) or other retirement plan options. Then there are retirement savings options available to anyone, like IRAs and Roth IRAs. We’ll talk about which combination of options may help to reduce income taxes and move you toward your goals.

Insurance for your business should be a part of your total financial plan. There are some insurances that are required by law, such as those for disability and workers’ compensation. Other types are required if you want to secure a loan, get a business license and meet other typical business needs. You’re taking a risk if you don’t consult with a professional who can guide you in what you need, with a safe amount of coverage and reasonable expense.