Financial Planning Services

When you hear the term “Financial Planning,” you may think of a savings account, maybe some stocks, or that thing at work that you have deducted from your paycheck. If that’s your definition of “Financial Planning,” you need to keep reading so that you can flesh out that definition and have a better understanding of the importance of setting financial goals and creating a plan to achieve them.

Our definition of “Financial Planning Services” at O’Brien & Panchuk entails a broad range services that you can employ to help your money create the greatest return for you and your family. If you work with our qualified investment professionals, we can help you obtain your long-term financial objectives. We do this by creating a strategy that is designed to achieve your goals.

This can include things like tax planning, succession and exit planning, and creating an estate plan.

That’s not unusual. If you haven’t given financial planning much thought or you haven’t reviewed what you currently have in quite some time, it’s hard to find a place to start. But an experienced OP financial planner will work with you to determine what you do want.

Our professionals will ask you when you'd like to step back or exit, how you plan to provide for your family, whether you want to donate to charities, and other detailed questions that will draw a clearer picture of what you want and how they can go about getting it for you with a wise investment strategy for your money.

Yes, there are hundreds of companies who want to sell you a fund or an investment plan. There are all types of IRAs, trusts, long-term care insurance packages, mutual funds, index funds, and other great-sounding products that make it look so easy to make money. However, it’s hard to choose the right ones and to know that you’re making the right choice.

Financial planning can be as difficult or as easy as you want to make it. Doing it yourself is one way to make it hard. And it can be time-consuming and frustrating.

One thing that everyone must have is a financial plan. Sounds pretty obvious, since this is financial planning. But you’d be surprised how many individuals do not take a step back and look at their complete financial picture. That’s what tax and accounting professionals like Tom O’Brien and Max Panchuk do. They examine where you are no, and where you want to be in 10 or 20 years.

If you're approaching a major transition - selling a business, stepping back from work, or simply wanting more flexibility - it's critical to clarify your log-term financial goals. With health care costs continuing to increase, you need to take steps not to plan ahead: make sure you have adequate coverage and you understand how Medicare, Medicaid, and long-term care insurance fit into your picture. Look at your investments and determine whether they support the lifestyle and timeline you want.  

The financial planning and tax team at O'Brien & Panchuk can help you create a roadmap that leads you to financial independence on your terms and allows you to do the things that matter most to you, such as helping your grandchildren with college, making long-term charitable commitments, or pursuing new ventures.