Ensure your investment strategy is part of a comprehensive overall financial plan

LOS ANGELES, CA/ACCESSWIRE/September 17, 2021/ Financial planning is an area that many people do not understand today. This is partly due to a lack of education or awareness and partly because they don’t know who to ask for advice or where to go. For others, it’s simply a matter of feeling like they don’t have enough income, assets, or savings to justify seeking professional advice. Financial Advisor David P. Rasak, CFP®, CLU®, ChFC®, RCP® views financial planning as an ongoing process and specializes in developing investment strategies that are integrated into a larger comprehensive financial plan. He considers financial planning to be a complete, meticulous and very personal process. Understand that each area of ​​your financial health affects other areas of life. Rasak views what he does as creating an overall financial roadmap for clients to take them from where they are today to where they want to be in the future.

Rasak and his team at Northwestern Mutual start with a discovery process. This is useful for Dave and his team so that they can better understand not only the granular details of his clients’ balance sheets, but also learn more about what is most important to them, what they value and where they hope their family will be in the future. They go into very intimate detail to help their clients discover their core values ​​and design a plan together to achieve their most important goals and dreams. He deepens his knowledge to truly understand his clients and put them, not their wealth, at the center of the process.

Rasak explains that his approach is specifically tailored to people’s goals and priorities, and he spends a lot of time working to understand the granular details of what they want to accomplish. Dave has spent a decade specializing in the legal, commercial real estate and medical communities. Rasak works to build a financial roadmap for his clients that incorporates short, medium and long term goals in the most tax efficient way.1 possible way.

Rasak encourages its clients to establish three tranches of money: short-term, medium-term and long-term:

  • Short term – This highlights the importance of having reserves and/or setting aside capital for large purchases in the next 12, 24 or 36 months. “There’s the whole adage that you should have 6 months worth of cash at all times for emergencies etc. Cash is great because it’s flexible and accessible. But it essentially pays a rate of return no one could argue that you are losing money due to inflation so i want our customers to keep money but i don’t recommend hoarding money unless they want to use it for a big purchase or something of that nature in the next year or three.”

  • Middle term – Medium-term planning is approximately four to eight years. “That’s where a lot of our clients are saying, look, we don’t need those dollars today. We’re ready to engage the capital markets.” Rasak does not recommend investing in capital markets if his clients think they will need to use that capital in the next 12 to 36 months. He thinks the markets are too volatile to invest in if customers need to use those dollars over the next 1-3 years.

  • Long term – The long-term bucket is something Dave often calls “over the shoulder dough”. It is in this area that he encourages clients to take advantage of qualified plans such as 401(k), as well as IRAs, cash value life insurance premiums (permanent life), rental real estate residential, etc “We really try to help our clients position themselves that way because we now have a strategy with respect to dollars, not only from a time perspective, meaning short, medium and long term, but also from a tax perspective a brokerage/advisory account are taxable, dollars in traditional 401(k)s and IRAs are deposited before tax and taxed on withdrawal, and dollars inside Roth IRAs/401(k)s are deposited after tax and not taxed at This will ultimately provide more options in the lives of our clients.”

Rasak sees it as his job as a finance professional to help people become better, more educated consumers. Rasak has spent a decade in the financial industry and is a CERTIFIED FINANCIAL PLANNER™ professional. In addition to holding his CFP®, Rasak also holds the designations of Chartered Financial Consultant (ChFC®), Chartered Life Underwriter (CLU®) and Retirement Income Certified Professional (RICP®) from the American College of Financial Services. Dave also holds his Series 6, Series 7, Series 63 and Series 65 securities licenses. Rasak believes that having expertise in financial planning, investing and portfolio management as well as strategic planning of Retirement Distribution ensures that he and his team have the skill and know-how to help their clientele achieve the most sophisticated and complex financial goals. He takes great pride in what Rasak describes as his purpose in life; to help people live life by design rather than default.

Rasak divides his time between Los Angeles and Honolulu, however, his team helps clients with financial planning nationwide. Connect with him online to learn more and see how you can start planning for your financial future today.

1This publication is not intended as legal or tax advice. Financial representatives do not give tax advice. Consult a tax specialist for tax advice tailored to your situation.

Northwestern Mutual is the trading name of The Northwestern Mutual Life Insurance Company, Milwaukee, WI (NM) (life and disability insurance, annuities) and its subsidiaries. David P Rasak, CFP®, CLU®, ChFC®, RICP® is an insurance agent for NM and Northwestern Long Term Care Insurance Company, Milwaukee, WI, a subsidiary of NM. Registered Representative and may also be an Investment Advisor representing Northwestern Mutual Investment Services, LLC (Securities), a subsidiary of NM, Dealer, Registered Investment Advisor, Member FINRA and SIPC. Representative of Northwestern Mutual Wealth Management Company®, Milwaukee, WI, a subsidiary of NM and a limited-purpose federal savings bank that provides financial planning, investment management and trust services. There may be instances where this agent represents companies in addition to NM or its affiliates.

The Certified Financial Planner Board of Standards Inc. owns the certification marks (CFP®, CERTIFIED FINANCIAL PLANNER™) and federally registered CFP® (with flame design) in the United States, which it awards to individuals who successfully complete the initial and ongoing CFP® Board certification requirements. .

Company Name: Northwestern Mutual

Contact person: David P. Rasak, CFP®, CLU®, ChFC®, RICP®

Address: 515 S. Flower St. 34th Floor – Paul Hastings Tower, Los Angeles, CA 90071

Phone number: 213-243-7017

Link to website: http://davidrasak.nm.com/

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THE SOURCE: Northwestern.Mutual

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