Building Wealth by combining
Personal Finance + Intentional Design
Intentionality within personal finance can mean different things to different people. For some, it's simply being more conscious about where their money is going. For others, it's being more strategic and calculated in their steps towards wealth accumulation. We are here to help you regardless of your intentions.
At Lucid Wealth Planning, you'll have access to our client portal from your PC or mobile device at any time, see your progress and tasks on a daily basis, and receive real-time recommendations to help bring intentionality to every financial decision.
Our firm is built to provide you with sound financial planning under a Fiduciary oath. We aren’t making money on the side at the expense of giving you the best advice possible. Instead, what you pay is what we make - and nothing more. Your best interest is our best interest.
No Hidden Agendas
Trusting a financial advisor is trusting an individual with the fate of your financial future. Be sure you’re putting that trust in a firm that views you as a unique individual with pressing financial concerns, not just another net worth used to build their business.
Building Wealth With Specialized Focus in...
Net Worth Analysis
Evaluation of all assets and liabilities. This analysis is the best representation of your financial wellness
- Cash Equivalents
- Invested Assets
- Taxable Accounts
- Traditional / Roth IRAs
- Employer Plans such as 403b, 457, and 401k accounts
- Employee Stock Purchase Plans
- Stock Options
- Inherited IRA
- 529 Plans
- "Other" Assets
- Primary Home
- Secondary Homes
- Home mortgage
- Student Loans
- Credit Cards
- Personal Loans
We help to minimize current and future income taxes as a part of your overall financial planning picture.
- Selling investments
- Contributing to employer sponsored plans
- Contributing to other retirement plans
- Gifting money and other philanthropic interests
- Maximizing deductibility
- Tax efficient college savings
- Inherited IRA withdrawals
- Student loan forgiveness planning
- Disability insurance structuring
- Roth conversions
- Retirement income strategies
- Social security elections
Cash Flow Planning
Review of income, expenses, tax liability, and current debt holdings to prioritize how surplus should be used.
- Account aggregation
- Budgeting tools
- Debt repayment strategies
- Goal prioritization
Employee Benefits Review
We'll analysis and review your options, helping you to maximize the benefits available.
- Retirement benefit optimization
- Health insurance elections
- HSA Eligibility
- Vision/dental review
- Tuition reimbursement
- Employee Stock Purchase Plans
- Incentive Stock Options
Review of existing policies to ensure proper coverage for life, health, disability, long-term care, liability, home, and automobile insurance.
- Life insurance review
- Health insurance review
- Disability insurance review
- Long-term care needs analysis
- Liability insurance review
- Home insurance review
- Auto insurance review
Student Loan Analysis
Strategic planning for debt repayment, IDR and PSLF review, maximizing forgiveness, and/or evaluating consolidation and other refinancing options.
- Full review of eligibility for Income-Driven Plans such as PAYE, REPAYE, IBR, and standard repayments
- PSLF qualification review
- Strategies to maximize student loan forgiveness
- Planning for future tax implications
- Review of consolidation or refinancing opportunities
Retirement planning for those accumulating assets, preparing for the retirement transition, and currently in retirement.
- Goal prioritization
- Tax planning
- Financial stress testing
- Social Security optimization
- Income planning
- Pension review
- Required Minimum Distribution planning
Estate Plan Review
Analysis of your current estate plan, which may include whether you have a will, powers of attorney, trusts, and other related documents.
- Asset transition strategies
- Review of current estate plan structure and potential gaps
- Keep track of your progress on creating important estate planning documents, such as:
- Power of Attorney
- Beneficiary designations
- Living Will
- Living Trust
- Health Care Proxy
Examples include purchasing a new home or large purchases, financial considerations of getting married, and paying down debt.
- You name it, we'll discuss it!
(All Planning is CUSTOMIZED TO YOUR NEEDS)
Our Fee Schedule
Comprehensive Financial Planning
(No Minimum Balance or Net Worth Requirements)
~ FEE RANGE~
Initial Planning and
One Year of Ongoing Service
$3245 - $5495
Our fee includes the development of your initial plan as well as one year of ongoing service, inclusive of impromptu meetings and proactive planning considerations. This service is personalized to your unique circumstances, goals, and objectives. Comprehensive Financial Planning ("CFP") does not include investment management. All client meetings are held virtually via Zoom.
Client enrolled in CFP gain access to investment management services at the following discounted fee schedule:
Investment Management Preferred Rate**
$1 - $500,000 = 0.30%
* The fee range is based on complexity, considering factors such as income, proximity to retirement, number of household members, number of long-term debt obligations, real estate holdings, estate plan considerations, employer retirement plan balances, insurance policies, and other incentive compensation.
**Preferred rate applies to clients engaged in ongoing financial planning. For example, an account valued at $100,000 would pay a fee of 0.30% resulting in an annual fee of $300. The quarterly fee calculation would be: $100,000 x 0.30% = $300 / 4 = $75
(Minimum Investment Balance of $500,000)
First $500,000 = 0.95%
$500,001 - $1,000,000 = 0.70%
$1,000,001 - $2,000,000 = 0.40%
$2,000,000+ = 0.30%
Our Wealth Management service combines comprehensive financial planning with investment management under one simple billing structure. The minimum investment balance requirement is $500,000.
Client meetings can be held virtually via Zoom, or in person within our Wake Forest NC office location.
* For example, investable assets valued at $1,000,000 would pay a fee of 0.825%, resulting in an annual fee of $8,250. The quarterly fee calculation would be: (($500,000 x 0.95%) + ($500,000 x 0.70%) = $8,250) / 4 = $2,062.50
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