Adaptive Planning Explained
Traditional financial advisors will help you with investments, but little else. Have you considered how many financial decisions you will make in the next 5 years? Your life, as well as your finances, are going to look very different in the future.
At Axis Capital, we use Adaptive Planning, which means we can adjust the plan based on the changes that life throws at you. With a "1-time financial plan," the information and advice can quickly become obsolete or irrelevant. Adaptive Planning uses the same principles as traditional financial planning but with more flexibility to adapt to what you are going through.
Here are a few of the things we help with through Adaptive Planning:
Student loans: should I pay it off early, should I consolidate, am I eligible for forgiveness?
Career path: moving for a new job, starting my own business or side hustle, saving for Financial Independence or to pursue a passion project.
Combining accounts with your partner: joint/separate/same checking account, existing credit card debt, utilities & bill splits, health insurance coverage & cost.
Childcare: how to budget for a nanny, daycare, or pre-school. Should one parent stay home instead of working?
Saving for college: 529 accounts, UTMA, UGMA, pre-paid college tuition plans, taxable investment account. Which one is the right fit for my future student?
Buying a house: Down payment, mortgage options, property taxes, homeowners insurance, maintenance, to name a few.
Healthcare & insurance options: HMO, PPO, HSA, and tons of other complicated terms.
Minimizing taxes: Did you know that buying certain investments in different accounts can lower your overall tax bill? What kinds of tax deductions am I eligible for?
Spending & budgeting: How to create, track, and use a budget. How to set spending goals and reward yourself for achieving those goals.
Receiving an inheritance or windfall: Managing a sudden influx of money can feel overwhelming.
If you would like to discuss your financial plan, click Book A Meeting.
How many financial decisions will you make in your lifetime…
