Financial Planning Process
Redspire Wealth Management is a fee-only financial planning firm based in West Des Moines, IA. The firm offers financial planning and investment management services. Although the firm is based in Iowa with Midwest values, technology allows clients to come from anywhere across the country.
Working with a financial planner is an incredibly important decision. When you work with Redspire Wealth Management, you get a custom-built financial plan that is designed with your needs, values, and goals in mind. When you work with Redspire Wealth Management you will receive excellent service in the following areas:
Investment Planning
Cash Flow & Tax Planning
Estate Planning
Retirement Savings & Planning
Education Planning
Risk Management & Insurance Planning
Charitable Planning
Your investment portfolio should fit your risk tolerance and time horizon. The investments in your portfolio should be diversified, low-cost, and bring you closer to achieving your goals. When you go through the financial planning process, we’ll identify your goals and how your investments should be allocated accordingly.
The key to any successful plan is managing cash inflows and outflows. By understanding where your money is being spent and saved, you can get a clear picture of your overall financial wellness and your next steps. Any financial decision you make will influence your taxes - Redspire Wealth Management identifies opportunities to spend and save towards your goals in a tax-effective way.
An estate plan is a vital piece of any financial plan and it is often overlooked by the majority of people. Many make the assumption that probate will handle their assets when they die, but more effective methods are possible. We will discuss a variety of estate planning topics from beneficiaries, wills, powers of attorney, revocable and irrevocable trusts, and wealth transfer methods.
Saving for retirement doesn’t need to be confusing or intimidating. Redspire Wealth Management reviews your retirement goals and develops a plan to achieve them. People often wonder if they are saving enough, saving in the right accounts, or investing appropriately as they approach retirement. Gain confidence and clarity about your retirement strategy through a detailed, custom-fit financial plan.
As the cost of college increases each year, parents and grandparents increasingly want to understand how to best save and invest for college for the family. A detailed saving and investing plan for college is necessary for anyone looking to send their child or grandchild to college in the coming years.
How do you protect the wealth you’ve spent your life accumulating? The financial plan includes a review of your insurance policies and identifies where gaps may exist that pose a threat to your financial well-being. Redspire Wealth Management will connect you with professionals to discuss the recommendations to close the gaps and protect your wealth.
Sharing your wealth with charitable organizations is important to many people who want to give back to their communities, support those in need, and generally make a lasting impact on the world. Charitable giving can be done in a tax-effective way that allows you to give more of your wealth to the causes that mean the most to you.
What the Process Looks Like
This is what to expect when you reach out to Redspire Wealth Management:
Discovery Meeting
Free consultation meeting up to an hour
Listen to what is on your mind, what you want to achieve, your pain points, and anything else
Discuss what it is like working with Redspire Wealth Management and an overview of the financial planning process
Proposal Meeting
Scheduled no more than 2 weeks after the Discovery Meeting
Detailed review of your goals, pain points, and planning opportunities
Presentation of financial plan deliverables and fee
Opportunity to ask further questions and become a client