Financial Planning
Our financial planning services are designed to provide you with a clear, actionable roadmap to achieve your financial goals. Our comprehensive approach ensures that every aspect of your financial life is considered, allowing us to tailor a plan that aligns with your unique circumstances and aspirations.
Our Approach
At Haddam Road Advisors, we believe that effective financial planning starts with understanding your current financial situation and future goals. Using our proprietary Haddam Road Model, we offer a detailed analysis of your finances, providing a holistic view that integrates both short-term needs and long-term objectives.
Step 1: Questions and Data
What’s going on with your career? Is it growing or changing?
What’s happening with your lifestyle? Is there a positive change like marriage, children, or adverse changes like health challenges or divorce?
What, in your mind, does the future look like? Are we looking at material tangible goals or something qualitative? Are we focusing on your well-being, those of your family, or possibly those of the broader community (your legacy)? What does this picture look like?
Step 2: How do these goals orient with the “rest of the world”?
What needs to happen regarding your finances (net cash flow and net worth) to make this happen?
What are the potential economic and market headwinds and tailwinds involved in achieving the picture created above?
Step 3: Making decisions
How much do we save and spend?
Where and how do we invest and at what level of risk?
On what, when, where, and how will we be paying tax?
Step 4: Implement
Make any lifestyle changes (downsize, apply to college, pay off debt, refinance, plan the wedding).
Make any needed portfolio changes.
Step 5: Repeat
What’s changed? What’s worked and what hasn’t?
Where’s our Net Cash Flow and our Net Worth? Is it where we expected?
Are there adjustments to be made?