Service Calendar - Year 1

You're probably curious what financial planning actually looks like and are wondering what's expected of you. Brooklyn FI is part of the XY Planning Network, an organization of young fee-only financial planners serving generation X and Y clients. Is that you?

Here's a rough outline of what to expect in the first year of planning.

Get Organized Meeting

Once the contract is signed we’ll touch base via video chat to walk you through the onboarding process. Because we’re taking a top level view of your entire financial life we’re going to need a lot of documents and we strive to not only improve your financial life but organize it as well.

In this meeting we will:

  • Walk you through our fabulous financial planning software

  • Introduce you to the secure systems we use to store your data

  • Help you find account statements, old tax returns and other documents we’ll want to analyze

phase one: development

Development Meeting #1

At this point, you should feel excited and confident that you’re taking the first steps towards financial independence.

In this meeting we will:

  • Talk more about your spending and savings goals

  • Come with an emergency fund target for you

  • Take you through our 20-minute investment education course

  • Go over your risk tolerance and begin to talk investment strategy

  • Analyze your credit score and come up with a plan to improve it

  • Assign tasks and recommendations

Development Meeting #2

Now that we know a lot more about you and we’ve discussed your goals we’ll start digging into the analysis.

In this meeting we will:

  • Talk investment strategy and consolidate accounts

  • Take a look at your insurance coverage and identify any gaps or potential savings

  • Do a rent vs. buy calculation to see if buying a home makes sense

  • Take a look at retirement planning and social security

  • Assign tasks and recommendations

Development Meeting #3

This is the part where we present your plan, a living and breathing strategy map to financial independence. The Brooklyn FI plan outlines paths for business growth, savings and investment growth, retirement planning, and so much more. We’ll give you a print out for good measure, but your dynamic plan will live online and will adjust with you as you make important life decisions and changes.

In this meeting we will:

  • Present our findings and recommendations

  • Reveal a budget and savings strategy

  • Assign tasks to you to improve your overall financial health

  • Answer more of your questions


PHASE TWO: ongoing meetings

After we’ve developed the plan together the maintenance phase begins. We’ll be meeting regularly to discuss new developments, maintain your investment strategy, and make sure the financial plan is on track.

Winter/Spring: We’ll focus on taxes (our sister company Mason Tax can prepare your return)

Summer: We’ll focus on cash flow and savings goals and making sure the plan is on track

Winter: We’ll focus on open enrollment and benefits and make some year-end tax saving moves

While this schedule provides an outline, we are also always available for a “transition meeting” if you change jobs, move cities, add a family member, or encounter something life-changing that we can help with!


All You have to do is pick up the phone