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Old Dominion Capital Management Inc

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Contact Old Dominion Capital Management Inc
Phone Number
(434) 977-1550
Address
815 E Jefferson Street
Charlottesville, VA
22902

About Us

The dictionary defines FINANCIAL PLANNING as a comprehensive evaluation of an investor's current and future financial state by using currently known variables to predict future cash flows, asset values and withdrawal plans. Most individuals work in conjunction with an investment or tax professional and use current net worth, tax liabilities, asset allocation, and future retirement and estate plans in developing the plan. These will be used along with estimates of asset growth to determine if a person's financial goals can be met in the future, or what steps need to be taken to ensure that they are. Investopedia defines FINANCIAL PLAN this way: While there is no specific template for a financial plan, most licensed professionals will include knowledge and considerations of the client's future life goals, future wealth transfer plans and future expense levels. Extrapolated asset values will determine whether the client has sufficient funds to meet future needs. A good financial plan can alert an investor to changes that must be made to ensure a smooth transition through life's financial phases, such as decreasing spending or changing asset allocation. Financial plans should also be fluid, with occasional updates when financial changes occur. Those definitions makes financial planning seem like a daunting challenge. Let Jim Childress help you through the process. Give us a call today.
Contact Old Dominion Capital Management Inc
Phone Number
(434) 977-1550
Address
815 E Jefferson Street
Charlottesville, VA
22902