Adaptive Planning Explained

Traditional financial advisors will help you with investments, but little else. Have you considered how many financial decisions you will make in the next 5 years?

1. Student loans: should I pay it off early, should I consolidate, am I eligible for forgiveness?

2. Career path: moving for a new job, starting my own business or side hustle, saving for Financial Independence or to pursue a passion project.

3. Combining accounts with your partner: joint/separate/same checking account, existing credit card debt, utilities & bill splits, health insurance coverage & cost.

4. Childcare: how to budget for a nanny, daycare, or pre-school. Should one parent stay home instead of working?

5. Saving for college: 529 accounts, UTMA, UGMA, pre-paid college tuition plans, taxable investment account. Which one is the right fit for my future student?

6. Buying a house: Down payment, mortgage options, property taxes, homeowners insurance, maintenance, to name a few.

7. Healthcare & insurance options: HMO, PPO, HSA, and tons of other complicated terms.

8. Minimizing taxes: Did you know that buying certain investments in different accounts can lower your overall tax bill?

This is why at Axis Capital we practice adaptive planning. Life changes over time and so will your financial plan.