Bruce R. Farman, CFP®, CEP®, RFC
1021 Matties Walk
Watkinsville, GA 30677
ph: 706.310.0145
fax: 706.310.0534

A Plan for Your Future

Based on experience with our clients, we have developed a finely tuned process that will lead you through the six stages of retirement income planning. Our advisors follow the stages to develop your personal plan which can help guide you toward your retirement income goals in the future. We're proud to work with you through a detailed and comprehensive process that has received national recognition from the Financial Planning Association (FPA®).

Establish and define the client-counselor relationship

We begin by educating clients about the five retirement income security challenges, and discuss how we can work together to develop and implement your retirement income security plan. We need to understand your financial goals, but we also want to help you define your dreams.

Gather client data, including goals and expectations

The more detailed information we can obtain, the more customized and accurate the retirement income security plan can be. A sampling of the types of information include:

  • Basic information and general assumptions: name, date of birth, family members, taxes, and health status.


  • Projected retirement expenses: "Basic Needs" (e.g, food, shelter, clothing), "Lifestyle Wants" (e.g., travel, entertainment), "Specific Goals" (e.g., college for grandchildren, purchase of a vacation home), and desired "Legacy" for heirs.


  • Resources: income from pension, Social Security, rental income, etc., the tax type of each resource, and availability of insurance (life, long-term care or disability).


  • Other assumptions: risk tolerance, anticipated rate of return, inflation assumptions, and length of projections.

Process and analyze information to determine retirement savings need

We analyze the gathered data to determine to what level you are meeting your retirement security income goals with your current strategy. If a gap exists, we offer straight line "what if" alternatives such as retire later, reduce spending, increase returns, save more, etc. If you are married, we then rerun the analysis assuming the death of either spouse in the short term. Finally, we stress test the current strategy to determine the probability of meeting your needs and goals with your current investment allocation.

Develop and present financial planning recommendations and/or alternatives

Based on your input and our analysis, we develop a retirement income security plan. Our first priority is to make sure your Basic Needs will be met for your lifetime. After your Basic Needs are met, we then offer you a variety of suggestions for meeting your Lifestyle Wants, your Specific Goals and your Legacy desires. Once these general options have been considered and finalized, we again stress test the plan to help determine if your portfolio will continue to meet your needs and goals. This is the most important stage - where the planning takes shape.

Implement the financial plan recommendations

Once you've accepted the general solutions outlined in the retirement income security plan, we present the specific recommendations and products that will best meet your needs, and discuss the pros, cons, risks and costs for each recommended alternative. This helps ensure that you will make an informed decision.

Monitor the financial plan recommendations

Many factors within and outside of your control can impact the viability of your plan in the future - a life event, unexpected expenses or income, a change in taxes, etc. We meet with you on a regular basis to check the status of the plan by comparing actual results to initial assumptions and use this analysis to determine if adjustments need to be made.