A New Path Financial
Where we help you get from WHEREVER you are to where YOU want to GO.
At New Path Financial we help you navigate your own financial life path. We work with you to map your goals and dreams, spot potential obstacles, make recommendations about what to have in your financial backpack, and help you organize your financial life.
No matter where you are on your life's path, or what has happened in your past, A New Path Financial advisors can help you establish, implement, and monitor your financial plan, so that you can enjoy your personal life, knowing you are on your way.
One-size fits all policies are best left to vacation bike helmets. Financial goals are much more than a magic number that you reach and punch out.
Everyone starts from a different place, has unique dreams and has overcome personal hurdles. So it only makes sense that there is no one-size-fits-all financial plan. Whether paying off student loans, buying a home, preparing for time off to start a family, funding children’s education, planning a career change or sabbatical, supporting a cause or charity, or even retirement, we each face a series of financial challenges and decisions along the way. Your goals are too important to rely on a generic computer algorithm or call center representative for advice.
At A New Path Financial, we focus on navigating your journey from your current situation to the future you envision, building a foundation for future growth. No matter where you are along your financial journey, we help you prepare for rough spots along your path, so you can forge ahead with confidence.
Where will your retirement money come from? If you're like most people, qualified-retirement plans, Social Security, personal savings and investment are expected to play a role. Once you have estimated the amount of money you may need fore retirement, a sound approach involves taking a close look at your potential retirement income sources.
Effective estate management enables you to manage your affairs during your lifetime and control the distribution of your wealth after death. An effective estate strategy can spell out your healthcare wishes and ensure that they're carried out - even if you are unable to communicate. It can even designate someone to manage your financial affairs should you be unable to do so.
Investing should be easy - just buy low and sell high - but most of us have trouble following that simple advice. There are principles and strategies that may enable you to put together an investment portfolio that reflects your risk tolerance, time horizon, and goals. Understanding these principles and strategies can help you avoid some of the pitfalls that snare some investors.
Insurance transfers the financial risk of life's events to an insurance company. A sound insurance strategy can help protect your family from the financial consequences of those events. A strategy can include personal insurance, liability insurance, and life insurance.
Understanding tax strategies and managing your tax bill should be part of any sound financial approach. Some taxes can be deferred, and others can be managed through tax-efficient investing. With careful and consistent preparation, you may be able to manage the impact of taxes on your financial efforts.
One of the keys to a sound financial strategy is spending less than you take in, and then finding a way to put your excess to work. A money management approach involves creating budgets to understand and make decisions about where your money is going. It also involves knowing where you may be able to put your excess cash to work.
Creating a life map involves a close review of personal finances and an assessment of other building blocks. Lifestyle matters look at how to balance work and leisure, how to make smart choices for the future, and many other items in an effort to help an individual "enjoy their journey."
Get a fresh look at your financial picture to understand your situation, align your savings and investment activities with your goals, and protect vulnerabilities with a customized financial plan.
As a result, you'll understand your current financial health, address hurdles and risks, have a plan for major expenses (like education, a home, or lifestyle dreams), an investment strategy, a plan to secure income for retirement, and a plan for your legacy.