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Understanding Pomegranate Planning

Together we focus on what is most important to you. Typically that falls into some of the following topics: debt management, credit, tax planning & tax preparation, retirement, investments, insurance, cash flow, etc.

 

My philosophy is maintaining financial flexibility so that you can adjust financially as your plans and goals change in the future.

 

The Pomegranate Financial Report Card helps you see where improvement can and has been made. It includes checklists and custom tips for you.

Financial Checklist

Typical Timeline

First Meeting:

There's no cost. We talk about what you are looking for, your expectations, our expectations, and how we can best work together.

An email is sent out summarizing our meeting along with an agreement for you to review and set up payment. The email summarizes how we can provide value to your financial life.

More meetings/emails are allowed as necessary before signing the agreement to clarify the financial planning you are looking for.

Second Meeting: 

We input your information into our financial planning software and begin to delve deeper into your most important priorities. Our goal is to understand each other best so that strategies are customized and implemented based on your comfort and preferences.

Future Meetings:

We continue to meet as often as needed in order to refresh and simplify your financial life. We will use the report card to assess what else should be accomplished so that most if not all your financial topics are in the green!

Typically meetings are 1-2 times per month for the first few months and then reduce down to 1 time every six weeks thereafter.

Examples of Pomegranate Planning

Financial Planning Questions

1. Whether to sell your home and pay off debt or stay in your home.
2. How much to convert from your Traditional IRA to Roth IRA and knowing how to pay for the taxes due from the Roth conversion.
3. Using credit cards to reduce the interest you pay on debt.
4. Properly investing in your 401(k)
5. Whether to sell a rental and enjoy tax free gains or to keep it long-term.
6. How much life insurance to purchase and for how long.
7. Whether to keep a permanent life insurance policy or not.
8. Exploring options for retirement and whether to purchase an annuity.
9. How much to take out from your retirement investments and from which retirement accounts (Roth, taxable, IRA, 401(k), etc.
10. How much to set aside for your emergency fund.
11. Applying for new credit cards to increase your credit score and your financial flexibility
12. Reviewing employer benefits and which ones to opt into and which ones to opt out of.
13. Contributing more to your Health Savings Account and using it more often for qualified expenses
14. Whether to take money out of your 401(k) and preparing for the taxes
15. Which debts to pay off first and how to pay them off faster
16. What to do with a large sum of money or what to do with your extra savings.
17. Whether to purchase another rental property or not
18. If you have enough insurance coverage or need more
19. If your investments are allocated correctly
20. What options you have to lower your taxes
21. How much you pay in taxes, what types of taxes you pay, why you pay those taxes, and how to lower the amount you pay in taxes.
22. Whether to save into a Roth 401(k) or Traditional 401(k)
23. What to do to be on track for retirement
24. Whether to purchase company stock options or not
25. How to start the estate planning process

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