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< PreviousEstate planning is essential for everyone, regardless of net worth. Planning your estate is one of the most important things you can do for your family members and heirs. Whether your intention is to provide income for your spouse, fund a child’s or grandchild’s education or endow a favorite charity, we can help create a plan to ensure that the proceeds from your estate will be used to fulfill your wishes. After working hard for years to accumulate the assets you’ve earned, it’s important to preserve them for the benefit of your heirs. People often assume that all their possessions will simply be passed to their family and unfortunately, it’s just not that simple. We’ll help you navigate estate planning so that you’re adequately prepared and, more importantly, so that your heirs don’t have to worry. Estate planning also puts measures in place to protect your assets in the event of disability, which can greatly diminish your assets while you are living. Working collaboratively with other estate planning professionals, including attorneys and accountants, we’ll ensure that your dreams of a legacy today are preserved for tomorrow. Estate Planning Collaboration 10 • Potomac Financial Group What is the Main Reason You Don’t Have a Will or Living Trust? I Haven’t Gotten Around To It I Don’t Have Enough Assets to Leave Anyone It Is Too Expensive to Set Up I Don’t Know How to Get a Will or Living Trust 40 20 202020192021 Source: Caring.comPreserving your financial legacy. Potomac Financial Group • 11Planning their future greatness. 12 • Potomac Financial GroupProviding for the education of your child or grandchild is a lifelong dream. We’re here to help you develop a plan so they can achieve the future of their dreams. One of life’s most rewarding expenses is providing for the education of a child or grandchild. Our experience and professional guidance can help you give your child the opportunity for the bright future he or she deserves. With education costs soaring each year, we’ll ensure that planning for their future isn’t complex or stressful. With careful planning, forging an achievable path to your child’s or grandchild’s educational dreams is within reach. Education and College Planning Potomac Financial Group • 13 $10,000$0$20,000$30,000 Undergraduate Budget $40,000$50,000 Public Two-Year In-District Commuter $1,460 $3,770$9,080 $1,840 $2,400 $18,550 Public Four-Year In-State On-Campus $1,230 $3,770$11,620 $1,240$2,170 $26,820 Public Four-Year Out-of-State On-Campus $1,230 $27,020$11,620 $1,240$2,170 $43,280 Private Nonprofit Four-Year On-Campus $1,060 $37,650$13,120 $1,240$1,810 $54,880 Tuition and Fees Room and Board Books and Supplies Transporation Other Expenses Average Estimated Full-Time Undergraduate Budgets by Sector, 2020-21 Source: College Board Your insurance planning plays an important role in you and your family’s financial plan. In addition to advising on how to grow and protect your wealth, we’ll also evaluate potential risks and identify insurance solutions that will proactively mitigate them. e greatest threats to your assets are often the least expected – an unforeseen illness or death, the need for long-term care or the loss of a business. at’s why we believe appropriate insurance coverage is an important part of your overall financial plan, particularly life and long-term care insurance. We have relationships with many different insurance companies and their products, so you’ll have access to a wide array of quality coverage options that can offer a potentially important layer of protection for you and your family. We’ll work to find the best coverage at the most affordable price. PFG understands that ensuring our clients are prepared for life’s uncertainties is as important as planning for the good times. Insurance Planning 14 • Potomac Financial Group 70% of people turning age 65 will need some type of long-term-care services in their lifetimes. Source: Morningstar, Inc 48% of people turning age 65 will need some type of paid long-term-care services in their lifetimes.Ensuring their tomorrow. Potomac Financial Group • 15Helping dreams come true. 16 • Potomac Financial GroupHelping dreams come true. For many, creating and growing a successful business is a dream come true. But, as expected, there’s a plethora of financial items that need to be addressed for sustainability. We can identify resources and services to help ease the stress of planning for your business – so you can focus on growing it. Along with the joys of owning a business come unique risks and rewards that only business owners can truly understand. We help address the complexities of business ownership and protect you from the unexpected, such as the consequences to your family and company if you are ever unable to work. Our comprehensive approach and tailored solutions seamlessly integrate your personal and business financial planning, which is essential for any business owner. We’ll work hand in hand with you on small business planning today with a keen eye on accomplishing your goals of tomorrow. Here’s how we can help: • Explore financing alternatives • Control costs • Manage liquidity • Establish a retirement plan • Build a safety net • Plan for business succession Partnering with Small Business Owners Potomac Financial Group • 17Preserving and growing your wealth. 18 • Potomac Financial Groupgrowing your wealth. In today’s complex market, even sophisticated investors are challenged to stay current, monitor their investments and respond to rapidly changing conditions. We offer a complete and comprehensive range of asset management services designed to free you from the need to constantly monitor your portfolio so you can focus on the things that matter most in your life. e PFG team takes personal accountability to keenly understand your goals and needs when defining your investment management strategy. Our holistic approach first starts with really getting to know you and those that matter most, assessing where you see yourself in the future. We couple that knowledge with our unique financial planning process to develop a detailed analysis of your goals and risk tolerance, resulting in a personalized strategy aligning your plan today with your vision of tomorrow. We understand that it’s about getting results and going above and beyond for our clients. When there’s a challenge, we rally together to provide solutions from our years of experience. At Potomac Financial Group, you can count on us for: • Solutions to achieve account goals and plan for future cash needs • Evaluating your risk comfort zone • Monitor your portfolio and adjust your allocations for advisory accounts • Professionally prepare your portfolio for market fluctuations with the right mix of investments Investment Management Potomac Financial Group • 19Next >