Selfridge Financial Design works with clients to develop clear and objective financial goals, navigate personal financial issues and cope with an investment climate that is always in flux.
When you have financial goals, you need a financial plan. Whether you are single or married, have children or don’t have children, live in a big city or a small town in the Midwest—as long as you want to prepare for the future financially, it’s worth your time to examine your finances to ensure that you are prepared for the future.
Our firm provides advice in the areas of:
- Investment planning – Although it may be true that current workers lack confidence that they will have enough money to retire comfortably, it doesn’t mean there aren’t some good strategies out there to maximize income over a period of years. Let us tell you about investing in annuities and/or mutual funds.
- Retirement planning – Changes in retirement have intensified issues that future retirees face. Let us help you understand how these challenges could affect your retirement income security. You should have as many resources as possible for funding your retirement, including Social Security, veterans’ benefits, personal contributions to an employer’s retirement plan (such as a 401(k) plan), and your own personal savings.
- Insurance protection/Long-term care – When it comes to ensuring that your family has an umbrella of protection in the event of your untimely death, consider life insurance to address some of those financial responsibilities. If a family is required to provide long-term care for a loved one at home, sometimes the costs are enormous. One solution is long-term care insurance. Ask us how we can help you understand more about this topic and what options there are. It differs for everyone.
- Legacy and estate planning – Whether your total estate is large or small, estate planning can help you preserve your assets, manage money during your lifetime, and facilitate the administration of your affairs after your death.
- Business planning and succession planning – We can help you find the right package of benefits that fit your company’s budget and appeal to your employees. And once decisions are made about who will succeed you, whether you keep the business in the family or sell it, you need to prepare what is called a succession plan.
- Education funding – The cost of a four-year college education can be overwhelming. You don’t have to go far or long to hear or read about the rising costs of attending college. It’s easy to lie awake at night wondering how you will be able to help your children when they’re ready to start their education. We can share with you a variety of college savings plans to consider.
We believe our most important role is to be an objective advocate for our clients, and the goal is to control costs, be tax efficient and manage risk. This provides the most effective way of helping clients work toward their goals. We have developed a reliable process that works for us that takes our clients through the six stages of financial planning.
Step 1 - Establish and define the client-advisor relationship
When we meet, we start by discussing your situation and discovering if we want to begin working together. If we do, then we secure basic documents and help you define your goals and start thinking about how to implement your financial plan.
Step 2 - Gather client data, including goals and expectations
The more information we have about your financial situation, the better we can help you. We develop a comprehensive assessment of everything including cash flow, tax-reduction strategies, legacy wishes, etc.
Step 3 - Process and analyze information to determine retirement savings need
After you provide us everything, we take the time to review your information and assess everything in relation to your goals, objectives and preferences. We then prepare a preliminary plan for you.
Step 4 - Develop and present financial plan, recommendations and/or alternatives
Based on your input, we will offer you our strategies and recommendations that fit your personal situation. This stage includes presenting your plan to you, answering your questions and establishing the action plan as well.
Step 5 - Implement selected recommendations
The recommendations are implemented, we discuss the pros and cons and risks and costs for each. If you work with other financial professionals (tax preparer, etc.), we will be sure to also coordinate with them.
Step 6 - Review your financial plan throughout the year
Your life could change during the year – marriage, unexpected events, large purchases, a change in taxes, etc. We like to touch base with you throughout the year and make sure that your plan is still right for your situation. If we need to adjust anything, this is the time to do it so your plan stays updated and current.
Cindy Selfridge is a California Notary Public, which means our firm can help you with the authentication of documents. Our firm offers notary and process services to Kern County and Bakersfield, California, areas.
- Mobile notary
- Process service
- Loan document signing
- Wedding officiant
When to Use a Notary Public?
Many people are not sure when and where is a good time to use the services of a notary. Using a notary public can help lower the risks of doing business, lower cost, helps prevent fraud and can help in collections situations. The location doesn’t matter. A notary public can meet you at a particular destination or you can stop by their office.
Using a notary is important when disputes are litigated. Affidavits, which are sworn statements, will not be considered by a court unless they are notarized by a certified notary public.
A notary public helps keep business moving by giving you an affordable extra layer of security against fraud and breach of contract. Notarizing business agreements lets you concentrate on getting the job done. While the duties of public notaries might be simple to execute, they are extremely important and valuable.
The official signature and/or embossing stamp automatically makes a document true and legal. The truth is, a notary public cannot give legal advice to anyone; only a licensed attorney can do that for you.A notary witnesses the signing of the documents and asks each party for a sworn oath of authenticity. The document itself could still be declared fraudulent or unenforceable later in court proceedings. A notary public can only attest to the identities of the signatories and their own affirmations of authenticity at the time of notarization. If you would like more information, you can purchase the California Notary Public Handbook. It includes all the California notary law updates, references the actual codes and is also simplified in layman’s terms. You can download for free or order a hard copy to be mailed to you. New, updated versions are released around January-February each year.