With the definition of retirement undergoing dramatic change, it’s not enough anymore to just answer the questions, “When can I quit my job, and how much can I spend every month?”
Many people view their lives in progressive stages, which may include a high earning career stage, a high cash outflow stage (when children are in college), a lower earning, but higher satisfaction second or third career, an active travel period, etc. The possibilities to restructure life stages are as varied as peoples’ dreams. Recognizing this, the Foster Group planning team works with each client to map out each stage. Then, through ongoing discussion and sophisticated modeling tools, strategies are selected to achieve each stage’s goals, allowing our clients to make confident decisions along the way.
Fees
Fees for clients who engage the Foster Group team for a full lifeWealth™ Financial Planning relationship range between $4,000 and $12,000 per year. These fees are generally billed quarterly and cover the first year's planning service. We estimate spending an average of 25-40 hours with you, coordinating with your other professional advisors, and strategizing behind the scenes. Fees after the first year depend on the level of service you would desire on an ongoing basis. Second year fees can be charged hourly at $250/hour or on a retainer basis which starts at 40% of the first year’s fee. Retainer-based planning includes complete annual updates, action step implementation, and ongoing access to the Foster Group planning team.