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First Point News

March & April

What's Your Plan?

Don Rahn, CFP® - First Point Wealth Management

You plan vacations.  You plan your weekends.  You plan family events.  You even plan trips to the grocery store, but how much time do you spend planning for your financial future?  A financial plan creates peace of mind by helping you identify your own unique financial goals and develop an action plan to get you there.
 

what financial goals are important to you? 

  • Retirement savings and investments
  • Education funding for children
  • Survivor income for your spouse and children
  • Estate planning
  • Charitable giving
  • Income tax reduction
  • Debt reduction

Whatever your stage in life, a finanical plan from First Point will answer the questions important to you and provide you peace of mind.

  • Have I saved enough money for my child's education?
  • How do I effectively plan for a big purchase like a home or vehicle?
  • What is the fastest way to reduce my debt?
  • When can I retire and how do I convert my retirement savings into a paycheck?
  • How much money will I need to save to live comfortably in retirement?
  • What would happen if my spouse or I die prematurely?  How would it impact others financially?
  • How do I effectively transfer wealth to my loved ones?
  • What are the tax implications for the decisions I make regarding my financial future?

Whether you are just starting to consider putting together a financial plan, or if it's time to review your plan and dust it off, we are here to help.  As CERTIFIED FINANCIAL PLANNERS™, we will guide you through every stage of the process, giving you confidence in knowing you are on the right track with your financial goals.

Schedule a time to review your goals today.

 
 
(515) 663-3037 • FirstPoint@FNBames.com

 

 

 
 

Understanding the Benefits of Electronic Stock Ownership

Pam Fleener - First Point Wealth Management 

The organization of your financial records is an important part of executing your overall finanical plan.  Part of this organizational process includes identifying your assets through the creation of a personal financial inventory.  This inventory should include a listing of assets by name and where they are located.
 
In the past, it was very common to hold assets in physical form, by having a certificate issued and safekeeping this by placing it in a secure location such as a safe deposit box.  However, as times have changed, we are seeing a greater percentage of assets held "on account" or "book entry", in other words, held in electronic form with a broker, custodial or transfer agent.  Book entry form of registered ownership allows you to own shares without having physical stock certificates in your possession.
 

BOOK ENTRY BENEFITS:

  • If a stock certificate is lost or destoryed, it can be replaced, but sometimes not without a substantial fee.  Book entry ownership alleviates the risk of losing stock certificates.
  • Eliminates the requirement for physical movement of stock certificates at the time of sale or transfer of ownership.  When a stock held in book entry is sold, it is very easy to move the stock to your broker of choice within the  three day trade settlement period.
  • Shares can also easily be gifted or re-registered electronically.  Typically, a periodic statement of account is provided to the holder of book entry shares.
Determining how to hold your investments is just one decision you will make as part of your overall financial planning process.  Taking steps to organize your finances can simplify your life and save you time.  We specialize in helping families feel confident that they have their financial house in order.  Whatever stage in life, your financial success starts with a plan.
 
Contact us today for more information on getting started.
 
 
 

What Banking Should Be.