Personal Financial Planning

In the world’s most affluent society in history, very few individuals ever achieve a position of being able to live off the resources they have accumulated. The vast majority are dependent upon government, family and charity, or they must continue to work in order to have enough income to meet their needs. Boyum & Barenscheer PLLP financial planning professionals have a proven track record in helping clients understand and take control of their financial lives. Here are some of the areas in which Boyum & Barenscheer PLLP can be helpful.

	Cash Management & Budgeting. A strong cash flow is an essential ingredient in any personal financial plan. Boyum & Barenscheer PLLP financial planning personnel work with clients to assure adequate cash flow to fund day to day expenses, accumulate cash necessary for emergencies, and to provide a source of future investment capital. We work with each client to develop short term and long term budgets and cash flow projections to help meet this objective.
	Risk Management. Boyum & Barenscheer PLLP financial planning personnel help clients evaluate potential future risk and assist them in the analysis of insurance products necessary to safeguard the risk.
	Investment Planning. Boyum & Barenscheer PLLP financial planning personnel assist clients in establishing an investment policy statement to define the level of risk and return that they want to achieve on a long term basis. The investment policy helps determine the investment holdings including mutual funds, stocks, bonds, money markets, stock in closely held businesses, real estate, etc. which are part of the clients’ long range strategic planning.
	Education Funding. Boyum & Barenscheer PLLP financial planning personnel work closely with clients with college bound family members to assist them in setting goals and plans to accumulate capital for education, defining strategies for asset allocation, determining qualification for scholarships, loan programs, hope and lifetime learning tax credits and interest deductions for loans used to finance higher education. We determine the adequacy of projected asset accumulation against projected future education costs.
	Retirement Planning. Nearly everyone seeks financial independence in their retirement years, but for many reasons this goal is becoming harder to achieve. Boyum & Barenscheer PLLP financial planning personnel will work with you in allocating assets earmarked for retirement for both assets in your retirement accounts and those in taxable accounts. A properly implemented plan should result in long term financial security.
	Gift Planning. Boyum & Barenscheer PLLP financial planning personnel have experience in assisting clients with the transfer of small businesses, formation of trusts, and other gift giving programs which can result in the redistribution of family wealth and a reduction of estate taxes. We also assist in tax advantaged ways of making charitable gifts.   Home  |  Services  |  Quickbooks  |  Partners  |  Newsletter |  Links/Info  |  Calculators  |  Careers Archive  |  Contact  |  Industries Boyum & Barenscheer, PLLP