Plan updates can only be purchased by those who have already received a retirement plan from Parallel Wealth.
Life Changes and So Will Your Retirement Plans
Whether you’ve experienced a strong investment return or decided to downsize earlier than expected, periodic plan updates are crucial to ensure your taxes are minimized and spending is maximized through retirement.
Your plan update option will generally align with the type you originally chose with us.
INDIVIDUAL AND HOUSEHOLD UPDATES
Â
Option 1: General Plan Update
Cost: 25% of the price of a new plan
We update your original retirement plan using your current financial information, including updated account balances, debts, expenses, tax changes, government benefits, and projected cash flow needs.
Once we receive all required information, your updated plan will be delivered within 6 weeks. You’ll receive the revised plan in PDF and Excel, along with a video walkthrough explaining the results.
We also include 1 month of email support to answer any questions about your updated plan.
This option is more streamlined with fewer touchpoints during the update process.
Option 2: Full Plan Update
Cost:Â 50% of the price of a new plan
A 15-minute pre-plan call helps us understand any recent changes in your financial situation — such as new investments, major expenses, or business developments.
You’ll receive everything included in the General Plan Update, plus a 1-hour Zoom meeting where we walk through the updated plan and ensure everything aligns with your goals.
We also include 3 months of email support to answer follow-up questions and provide clarification as you implement the plan.
This option includes more touchpoints and discussion throughout the update process.
Â
CORPORATE & RENTAL UPDATES
Â
If you are looking to update your Corporate or Rental Retirement Plan, please contact our office.
Changes to your plan — such as adjusting a rental property strategy, refining operations, restructuring your company, or selling an asset earlier than planned — can have a meaningful impact on your retirement plan.
These decisions often come with cash flow and tax implications that should be carefully incorporated into your financial plan.
If you are considering a business or corporate change, we can update your retirement plan to reflect the impact and help guide the decision.
Use the link below to connect with our team, and one of our planners will walk you through a custom update tailored to your situation.
Inquire About An Update
