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Financial Foundation

Register for Online Investing Workshop

Young professionals face unique financial challenges that call for creative financial solutions to help build a financial foundation.

Social Security is being washed away. Education and living costs continue to rise. Debt and increasing costs are pushing off traditional goals such as homeownership and family plans.

As a millennial or Gen Z, you have a huge advantage when it comes to financial planning: time. With smart money management, budget savviness, and investment knowledge, your financial goals can be well within reach.

Unfortunately, many advisory firms focus specifically on asset management versus financial planning, which excludes many young people still accumulating wealth. Thrive Wealth Strategies has a program that specifically services young professionals.

Through a series of meetings, ranging from budgeting basics to credit score to estate planning, young professionals can chart the right path forward. Financial stress is real. We help reduce that by creating a spending and savings plan, developing a 401k strategy, seeking to maximize your benefits, and more.

Building Financial Foundations

Remember: time is on your side. Thrive Wealth Strategies can help set you up for financial independence in the short term and help build a financial foundation for a lifetime to come.

Tax Control Investing
Free Self Guided Basic Plan

Case Study

Whit and Jessica, both 27, are renting in Boston’s Back Bay. The engaged couple has a wedding and student loans to pay for, but a high household income gives them optimism for some pretty aggressive financial goals.

  • Household income: $200,000
  • Student loans: $220,000
  • Savings: $30,000

  • Purchase condo: $1,000,000
  • Wedding: $50,000
  • Should we start our 401k or focus on student loans and shorter term goals?

  • Immediately contribute to 401k’s. 5-6% now, max once condo purchased
  • Save $4,250/month of available cash flow to dedicate toward savings goals
  • Includes $2,500/month to home savings

  • Buy condo in 2023
  • 99% probability of retiring at 65 with better expected lifestyle than currently
  • Accumulate $1.5 million in health savings account to fund tax free retirement healthcare
  • Reduced current annual taxes from $85,000 to $75,000
  • Student loans to be paid/forgiven in 2027
  • Expanded wedding budget to $60,000

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Our Process

1
Give Us a Call

We’ll start things off by scheduling some time to talk over the phone. This will give us a chance to learn more about your concerns and answer your questions. By the end of the call, we should both have a good feeling if we are a good fit to work together.

2
Get Organized

We’ll gather your financial details. This step involves gathering everything in one place. And don’t worry. At this stage, we’ll also empower you to set up a system to keep your finances organized in the future.

3
Get Started

We’ll match this information with your financial goals to create an in-depth analysis. This will include a customized financial planning checklist as well as an Investment Policy Statement. When you are comfortable moving forward, we can work together to put your plan into action.

4
Track & Adjust

Moving forward, we’ll continuously monitor your investment performance and reevaluate and readjust your financial plan as needed to stay on track with your evolving needs and goals.

Ways to Get Started

Financial Foundations Package
$900+ $75/month*/month

ALL CUSTOM SERVICES, PLUS:

  • Budgeting basics: Make a spending plan that aligns with your values and goals
  • Retirement review: Employer plans vs. self-directed plans
  • Savings plans: Paying for your wedding, down payment, or other big-ticket items
  • Debt reduction vs. Investing: When to pay down and when to pay in
  • How to’s: Merging finances, improving credit score

 

*Monthly planning fee waived once advisory assets reach $100,000

Get Started

Investment Review

$500 - Available to DIY and DIWM subscribers (included with DIFM package)

An in-depth review of your current portfolio of investments, based on my proprietary Thrive Method, a program I’ve developed over decades of experience. You’ll receive a custom-generated list of suggestions, actions, and strategies to help maximize your investment and asset allocation. The review features a calculated risk analysis, current cost analysis, and investment performance analysis.

CFP Review

$750 - Available to DIY subscribers (included in other packages)

A one-page financial plan that not only contains information about your current situation but also provides insights to help guide future-focused strategies and decisions. Imagine taking tens if not hundreds of pages of financial data and distilling it into an actionable doctrine - this is the Thrive Certified Financial Planner Review.

Single Issue Plan

$250 Each - Available to DIY subscribers (included in other packages)

We create a customized, concise, and easily accessible plan to address a specific issue you’re concerned with and outline how to approach it. Some examples include college planning, pension options, retirement readiness, early retirement healthcare, social security, and many more!