SERVICES

Comprehensive Financial Planning

The planning process will help you focus your financial thinking and build a life plan that integrates your goals and dreams with your current financial position, risk tolerance, energy and time horizon. Navigating Wealth charges flat fees for comprehensive financial plans based on the complexity of the process. We do not receive commissions or sell financial products. We customize your financial plan without any conflicts of interest. We take an integrated, comprehensive perspective – looking at your financial, tax, real estate, retirement, insurance, estate plan and investments in totality.Back to Top

Life Transition Planning

Life changes and transitions occur - some are planned and some are not. Transitions may include divorce, loss of your spouse, desire to change career or life-style, retirement, inheritance or a sudden financial windfall.

Sudden change in your financial situation can be a life-altering event. Some of these events may be planned – retirement, sale of a business, changing careers or maybe an inheritance. Others may not be planned – divorce, death of your spouse or losing your job. Life transitions vary. Some are joyous and others deeply regrettable. Whatever the reason for the event, you are faced with a major change in your life. Successfully managing financial transitions is more challenging and complex than you may realize. It's not just a matter of managing the financial situation – it's managing the uncertainty and change. Navigating Wealth has extensive training in helping people navigate through life transitions. Our goal is to help individuals focus on the integration of the personal experience along with the facts and figures. We’ve had extensive training in the area. Pam is past executive director of Sudden Money Institute and currently sits on their advisory board.Back to Top

Financial Neutral in Divorce

Collaborative Divorce is a relatively new model of divorce. Divorcing couples can now choose to divorce in a collaborative manner, rather than in a litigious manner. Collaborative Divorce is neither mediation nor arbitration. It is a new way of divorcing where you seek what is right for each other with the help of a team of professionals, including two attorneys, two mental health professionals, possibly a child specialist, and one financial neutral.

By involving a financial neutral early in the process, the divorce process typically goes more smoothly. Having a financial neutral on the team enables the attorneys to focus on what they know and do best – the law. Because the divorce process involves identifying and dividing property and income, the financial issues can be complex. That’s why you want to find a financial neutral that who has had advanced training specifically in this area.

The role of the financial neutral is to stay neutral and provide support for the whole team. We help to set a positive and productive tone for the discussion, and to make the process more efficient and cost-effective. Financial neutrals also empower individuals to make wise and workable decisions for themselves.

What will a financial neutral do for you? We will calculate the needs, post-divorce budget, ability to pay of both the husband and wife, as well as help to stabilize the financial situation during and after the divorce. We will create an inventory of all assets and liabilities, analyze various settlement scenarios (considering liquidity, growth and tax factors). We will recommend strategies to minimize costs in the division of assets. And provide advice and support about dividing retirement plans, health and insurance coverage. You will get help considering all the options before making a decision.Back to Top

Financial Education

The truth is that the financial world preys on people’s ignorance around money. But money skills are learned skills, like any other skill you’ve already mastered. Your job is to find a trustworthy and competent financial teacher that will teach and foster these important financial skills. Working with Navigating Wealth enables you to develop the knowledge and confidence you need to proactively work toward your personal financial goals. You will learn from professionally trained advisors and be able to network with like-minded individuals in seminars and workshops.

Education equals power. Having a good education allows you to have a strong foundation upon which to build. You will be become a better learner, know how to find information you need, understand your options, make wise choices that are consistent with your goals and values, monitor your progress, implement change, sustain your excellence, continually adapt to the changing environment.

Navigating Wealth’s educational programs, either integrated into your planning engagement, or separated out in workshops and seminars, can teach you how to measure where you are today and figure out how to get from today to tomorrow in a logical, efficient manner. These programs will teach you how to think about money in a new way. You will learn about compounding wealth and managing risk. You will learn how biases and conflicts of interests may affect the advice you might receive. You will learn how to choose the investment strategy that is right for you. Being well-educated allows you to have confidence and make wise financial decisions that will allow you to take care of yourself and realize your goals and dreams.Back to Top

Financial Coaching

Navigating Wealth offers a unique, integrated process of financial planning and coaching to help clients bring forth their best life. In a financial coaching engagement, we help you to understand your way of relating to money and helps you to develop strategies that enable you to act on and carry out your financial plan in a healthy and sustainable manner.

Often, it is not the objective aspects of financial planning but the deep-rooted habits and behaviors that keep us from achieving our financial goals. Engaging in a coaching relationship enables us to address the emotional aspects of our relationship to money in a way that financial planning alone could not. A coach will challenge your beliefs, expand your horizons, create new learning muscles, and help you stay on track. Coaching helps people to see things from a different perspectives, integrate actions and goals more effectively, and be supported through roadblocks and hurdles.

In her coaching practice, Pam is dedicated to addressing people's overall subjective and financial well-being. A client may have great material abundance, but still feel a sense of not being fulfilled. People often have a lot but either don't realize it or don't know how to make the best of what they have. There are many things that cause stress and anxiety these days, from feeling like they do not "measure up," to having too many choices, to fearing that things will eventually fall apart, to the anxiety bred by a winner-take-all society. Pam is dedicated to helping people transcend this place of stress and anxiety. As a coach, she helps people gain clarity about what they want from life and enables people to live with purpose and a sense of well-being.

We listen and observe our clients and then to customize a program for each individual client’s needs. We know that our clients are naturally creative and resourceful and that it is our job as a coach to provide the powerful questions and perspectives that support and enhance the skills, resources, and natural creativity that our clients already have. Clients gain clarity about their behavior, thinking, and tendencies that helps them to become more effective, better decision-makers, and more pro-active in making lasting changes in their lives. While we provide feedback and an objective perspective, we hold our clients responsible for taking the steps necessary to produce the desired results.Back to Top

Retirement Planning

Retirement is an exciting prospect. For some, it is right around the corner. For others, it is several years away. We may make the transition abruptly or gradually. But whatever the case, we need to put some attention today to considering how we will survive when we are not making money. Navigating Wealth takes retirement planning very seriously. We help you to understand your current and projected cash flow situation, help you to determine if the path you are currently on is a sustainable path, given your goals and needs in retirement, and help you to see how the current situation will play itself out over time. We also show you how big and small changes today will impact retirement projections over time. This will enable you to make meaningful decisions about how you might change behavior today for more favorable results in the future.Back to Top

Estate & Legacy Planning

Effective estate and trust planning can ensure financial security for loved ones. For businesses, it can maintain a smooth succession of ownership. Navigating Wealth can help you navigate the complex and shifting tax laws to facilitate the transfer of assets and minimize the tax liability of your beneficiaries. Everyone should have a well thought out plan as to how to disburse one's estate so as to avoid complications and to be sure wishes are followed. Having your taxes and estate thoroughly and carefully planned will ensure that your loved ones don't have any complications to deal with during a time of loss.Back to Top

Tax Planning

The goal of tax planning is to arrange your financial affairs so as to minimize your taxes. Simply put, there are three basic ways to reduce taxes and each basic method might have several variations. You can reduce your income, increase your deductions and/or take advantage of tax credits. At Navigating Wealth, we analyze the after-tax implications of your various alternatives and scenarios. This takes into account AMT, losing itemized deductions, the effect of various credits and likely changes in Federal and State marginal tax rates.Back to Top

Financial Seminars & Workshops

Under development – please check back soon!Back to Top

Gift Certificates

You may purchase gift certificates for your loved ones and friends. A gift certificate for financial planning and/or coaching makes an excellent gift for individuals and couples going through a major life transition, such as marriage, new parents, divorce, widowhood, soon-to-be retirees or those that have just retired. Gift certificates are available in $250, $500 or $1000 increments.Back to Top