1	Financial Planning TCG Consulting, Inc. An Overview of Financial Planning
2	Specialized Financial Planning 403(b), 457, and 401(a) Consulting Specialist Educators and Government Employee Special Pension Plans (STRS) Retirement Options Social Security idiosyncrasies Unique Skills and Knowledge required to serve the educator
3	Total Picture
4	Recipe
5	Retirement Plan Life Expectancy - 95 Expense Projections + Inflation Income Projections + COLA Goals & Funding Taxes Income Taxes Estate Taxes Dealing with Shortfall
6	Insurance Review Adequate Liability Protection Auto Home Umbrella Liability Coverage Life Insurance Disability Income Protection Long Term Care Protection Estate Liquidity Protection
7	Financial Statements Current Position Create and Provide Balance Sheet Income Statement Cash Flow (Budget) Tax Analysis
8	Asset Allocation
9	Risk:Reward Probability
10	Estate Analysis Demonstrate whether or not a need for estate planning exist Hypothetical on different scenarios (liquidation asset order, distribution scenarios, etc.) Liquidity issues
11	Income – Expenses = Shortfall
12	Successful Plan
13	Investment Policy Statement Investment Policy Statement (IPS) This is an important written document that should clearly define your objectives and constraints over a relevant, explicitly stated time horizon Provides your advisor with rules and guidelines on helping you achieve your objections The IPS is a most for professionally managed accounts.
14	Fee Based Asset Management No Commission Professional Third Party Money Managers (individual managed accounts) No load Mutual Funds Load “Waved” Mutual Funds (minus commissions) (@NAV)