Mike Proctor, CFP®, RICP®, CVGA

The true role of a financial advisor is to be an educator and guide, helping clients navigate their finances, understand their current situation, and create a tailored financial plan for success. . . . Will Durant said, "Education is a progressive discovery of our own ignorance," highlighting the journey of continuous learning. As we gain knowledge, we realize how much there is still to learn, fostering humility and curiosity. . . . True wisdom lies in acknowledging the limits of our understanding and staying committed to learning more. The more knowledge you gain from a financial educator, the more confident you'll be in making tough decisions. . . . Having someone in your corner to guide you can make all the difference in achieving long-term success.

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This is a framework we use to focus clients who are in the accumulation phase (Age 35 -55) We have made it simple and action oriented Retirement Planning 👉🏼Maximizing Employer Retirement Benefits 👉🏼Creating a future tax plan to drawn income from 👉🏼Establishing after tax retirement income goals with age targets 👉🏼Recommend exact savings amounts aligned with goals set Survivorship / Estate 👉🏼Protecting the family's standard of living if one of you die 👉🏼Protecting the family's standard of living if one of you becomes disabled 👉🏼Properly structuring assets so they transition at death 👉🏼Having the necessary estate documents drafted to protect your family in the event of death or incapacity 👉🏼Having a general plan of what the surviving spouse would do with life insurance death benefit proceeds if the worst happened 👉🏼Having a plan in place to care for minor children if both parents die at the same time Investments 👉🏼Selecting the right investments to drive the returns needed based on the plan 👉🏼Managing those investments for you Tax 👉🏼Paying the least amount in income tax as possible 👉🏼Understanding how income taxes work and what drives your tax bills 👉🏼Selecting the proper investments for your tax situation

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Working for NIPSCO you have several financial benefits. If you havent reviewed your benefits, here is the latest breakdown of your 2024 NIPSCO retirement benefits. Working with an advisor and firm that knows your retirement package is not just advantageous-it's crucial. Therefore it's essential to partner with an advisor who knows the intricacies of your plan inside and out, someone who can navigate the complexities of options both before and after retirement.

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With so many online platforms and investment apps, you may be thinking, “Why should I work with a human financial advisor?” A skilled financial professional provides more than investment advice. We offer invaluable guidance on building a savings plan, debt management, health care, tax planning, and much more. Savvy advisors can also help you navigate major life transitions and avoid emotional decision-making — get the facts in this post from my blog: https://lnkd.in/gm-Hc-pe #financialplanning #advisor #investing #saving #money #wealth #retirement #debt #healthcare #holisticadvice #marriage

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Have you heard about the Kai-Zen strategy? Kai-Zen is a strategy that utilizes a combination of financing and life insurance to help individuals protect their income and save for retirement, providing TAX-FREE income in retirement. This strategy is only available to a select group of individuals who fit the category of younger, high-income earners, who may have limitations with traditional retirement plans. Learn more about Kai-Zen and if you may be a good fit for it on our website. https://lnkd.in/d38FEHf6

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Check out our financial calculators to estimate whether you're saving enough to meet your financial goals in the future. If it looks like you might fall short, I'm happy to discuss how I can help you make a strategy to get back on track.

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Check out our financial calculators to estimate whether you're saving enough to meet your financial goals in the future. If it looks like you might fall short, I'm happy to discuss how I can help you make a strategy to get back on track.

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