New Year New Finances
This year, one of your goals might be to save more, and have a realistic timeline for retirement and beyond.
Working with a financial planner offers expert advice in investments, tax strategies, retirement, estate planning, and risk management, tailored to your goals. They provide objective, unbiased guidance, helping you navigate market volatility and personal stress.
Ultimately, getting started can seem a little scary, right?
We talked to Daniel Monzi, of ICG NEXT about financial planning for 2025, for more details.
Why do you recommend we work with a planner?
When working with a certified financial planner, you are able to create a structured approach to your financial well-being. A sound financial plan first and foremost takes your goals & objectives into consideration, the entire process is geared towards your unique circumstances. Once your goals & objectives have been identified, a financial planner can specifically detail the steps necessary to get you from where you are to where you would like to be.
Ongoing guidance from a financial planner helps you make informed decisions and stay on track toward your goals. We'll regularly assess your progress, identifying successes and areas for adjustment to ensure you remain aligned with your objectives.
What if I am in credit card debt?
Managing debt of all kinds, including credit card debt, is one of the pillars of financial planning. Addressing outstanding credit card debt is something that we routinely work through with clients as it is necessary before we turn our attention towards other financial goals & objectives. We can develop an aggressive pay down strategy with you to minimize interest and time in paying off the debt. We will work with you to not only address the debt itself but also identify the root cause that led to the accumulation of credit card debt in the first place. We can then establish measures to ensure that we address any future accumulation of credit card debt sooner rather than later to avoid major disruptions to your financial plan.
What if I don’t have any savings right now and nothing to invest?
Savings & investments are one single component of a comprehensive financial plan. There is no minimum savings or investment requirement to engage in a financial planning relationship with myself or my firm. We will work with you from your exact starting point, regardless of what you have accumulated thus far. The only requirement we hold is that you are open and receptive to advice. This allows for us to engage in open and honest discussion when planning for your future. In part of our planning, accumulating savings and investments will very likely be a step in the process and one of the objectives we look to help you accomplish.
How would you get started?
Getting started is as simple as a brief (typically 20-30 minute) introductory phone call to learn about your current circumstances. From there, my team & I would look to gather some documentation to conduct an initial comprehensive review of your current finances in anticipation of an in person or virtual meeting. Based on our review and follow up meeting, we would then propose our specific recommendations and action items for you to address. These recommendations will be formally detailed to you in writing for your review and consideration.
What does it cost?
There is absolutely no cost for the initial financial analysis process I described above. We will spend the time to meet with and learn about you, conduct a full review of your finances and ultimately deliver you our full recommendations in a detailed, written communication. We feel that before clients choose to partner with us, we should deliver them tangible recommendations that are specific to them & their needs. Inclusive with our recommendations would be the specific costs to you should you decide to engage in a financial planning relationship. The most common structure we utilize is referred to as a fee-based relationship in which we are solely compensated based on a percentage of the value of your investments.
What’s the most rewarding part of your work?
The most rewarding part of my work is helping clients through life’s major events—births, losses, moves, marriages, divorces, retirement, and job changes. Being there during times of uncertainty, stress, or grief, and offering support or reassurance, reinforces my belief that a financial planner's role goes beyond just investing.
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Daniel Monzi lives in Asbury Park with his wife, Kim, their daughter, Francesca, and their dog, Charlie. They enjoy exploring town, traveling to National and State parks, and staying active with exercise.
Monzi specializes in wealth preservation, investment management, retirement planning, and estate planning. He's also dedicated to giving back, serving on the board of A Need We Feed, a non-profit that provides meals to those in need in Ocean County, NJ. Additionally, Daniel is the President of LeTip of Asbury Park.
Connect with him at www.icgnext.com, or at danielm@icgnext.com
Five Reasons to work with a Financial Planner:
1) Judgment-free, Discreet, Expert Guidance
2) Objective and Personalized Advice
PULL QUOTE: Five Reasons to work with a financial planner: 1) Judgment free, Discreet, Expert Guidance 2) Objective and Personalized Advice 3) Help with Goal Setting and Planning 4) Tax Efficiency 5) Long-Term Financial Security