Say the word “budgeting” and most people will cringe or groan. They immediately think of tedious record keeping and then start feeling deprived. But all budgeting means is deciding how you will spend your money in advance so that you are making regular progress toward your financial independence. Frango Financial will help you understand the difference between good and bad debt, make sure you have enough set aside for emergencies and special opportunities, and, if needed, help you gain control over your spending.
Most people don’t understand what their investments are or what they should be doing. Given the complexity of building a solid investment portfolio, many people want professional investment advice. But do you want someone advising you who is paid based on whether or not you purchase the investment he or she recommends? As fee-only financial advisors, we will provide you with objective, unbiased investment recommendations in order to make the best investment decisions. In a well-constructed portfolio, each investment should fulfill a specific function and should be appropriate for your unique situation. Your portfolio will work harder for you when it contains the investments and uses investment strategies that have been selected based on your needs and goals.
Retirement planning is about achieving financial security and peace of mind. Knowing that you will have enough money, even when the unexpected happens, is critical to any financial plan. But retirement isn't just about money; it's also about personal fulfillment and enjoyment. It's what we refer to as "financial independence." We will help you plan to get the most from your retirement years.
What would it take to live the life you want? Do you have specific written short- and long-term goals? The better we understand what is important to you, the better we can help you structure your finances to achieve your goals. Financial advisors can inadvertently try to impose their own goals on their clients. We've found the best way to avoid doing so is to use a variety of techniques and approaches to help you clarify and communicate your goals and then help you measure your progress toward them.
You will spend many thousands of dollars on insurance premiums during your lifetime. At various times you will probably pay for health insurance, disability insurance, auto insurance, property insurance, life insurance, and more. Most people get advice about insurance only from someone who is trying to sell it to them. Determining how much coverage you need, what risks you can afford to self-insure, where you should buy your insurance, and how much you should pay for it are vitally important to your financial security. We will discuss these issues in detail and help you spend your insurance dollars wisely.
Saving for college is a significant financial planning issue for most families. Median family income has not increased nearly enough to keep pace with rising college costs. And while there are numerous sources of funding available, identifying the right mix of alternatives and maximizing their use is a complex and confusing process. The good news is that there are ways for families of any income level to save effectively for future college costs, and we can help you determine the best way for you and your family.
If you’re like most people, your taxes represent one of your largest annual expenses. While you don’t have a choice about paying taxes, you can avoid making the mistake of overpaying them. Careful tax planning can help minimize your taxes and free up money that you can use to achieve your goals. We work with you throughout the year, not just when it’s time to prepare your return. You might be able to save on taxes by:
• Restructuring your investment portfolio to produce a higher after-tax return;
• Shifting income to dependents in a lower tax bracket;
• Claiming appropriate home office deductions;
• Maximizing qualified plan and IRA contributions;
• Identifying all the deductions that apply to your small business.
Estate planning goes well beyond making a will. Estate Planning is the process of protecting yourself and your loved ones so that you or they can survive various life emergencies and transitions. Estate Planning involves organizing your paperwork, putting legal documents in place to carry out your wishes, and appointing key persons who can make decisions in response to events. It involves decisions in many different areas, including the naming of a guardian for minor children and special provisions for mentally or physically disabled children, medical directives and other end-of-life considerations, how to minimize or eliminate estate taxes, how to best handle gifts or bequests to charities, whether a trust is right for your situation, and how to transfer ownership of a small business most effectively.
Home | Our Approach | Financial Planning | Analyzing Your Needs | Resources | About Us | Privacy Statement | Contact Us
Frango Financial LLC (CRD No. 154204) is an SEC-registered investment advisor. Please note that the use of the term registered
to refer to our firm and/or our associated persons does not imply any particular level of skill or training. The information contained herein is not an offer to sell investment advisory services in any jurisdiction(s) in which we are not appropriately registered, excluded, or exempt from registration. You are encouraged to review a copy of our Form ADV Part 2A Firm Brochure and our Form ADV Part 3 Client Relationship Summary when considering engaging any of our services. Copies of these documents are available free of charge at https://adviserinfo.sec.gov/ and on our website. All information, statements, and opinions contained herein have been obtained or derived from sources that we believe to be reliable and accurate. However, we do not warrant or guarantee the timeliness, completeness, or accuracy of any of the same. Past performance is not indicative of future results. Investing in securities involves the risk of loss, including the risk of loss of principal, which clients should be prepared to bear. The information contained herein is for informational purposes only and is not intended as personalized investment advice. You should consult with a financial professional regarding your financial needs and limitations before considering any investment.