One of the founding principles of McKenna Financial is creating and maintaining strong, long-term relationships with our clients. This personal touch is what sets our firm apart from others. We assist our clients in setting, monitoring, and pursuing their financial goals based on open communication, effective advice, and trust. With McKenna Financial, make informed decisions alongside an advisor who is actively involved and familiar with your current investments, financial strategies, goals, and priorities.
What We Offer
Financial Goal Setting
Identifying short-term and long-term financial objectives and working together to build a realistic plan that helps get you where you want to go.
Education Planning
Developing strategies to fund educational expenses, such as college savings plans (e.g., 529 plans), scholarships, and financial aid options.
Investment Planning
Assessing risk tolerance, investment time horizon, and financial objectives to develop an investment strategy tailored to your specific needs. This involves asset allocation, diversification, and ongoing portfolio monitoring and rebalancing.
Tax Planning
Optimizing tax efficiency by considering strategies such as tax-advantaged accounts and investments, deductions, credits, and timing of income and expenses.
Risk Management
Assessing and mitigating potential risks through strategies such as insurance coverage (e.g., life, health, disability, long-term care), emergency funds, and appropriately aligning the level of risk exposure to the client’s risk tolerance. The level of risk tolerance varies between individuals and often evolves over time. That’s why we make it a priority to actively review our clients’ risk tolerance to ensure it aligns with meeting their financial goals, level of comfort, and any shifts in their personal circumstances.
Cash Flow Management and Income Planning
Analyzing income, expenses, and savings patterns to effectively manage cash flow and create a budget that aligns with your financial goals. With this in mind, we will develop strategies to optimize income generation and distribution. The objective is to create a plan that balances income generation, tax efficiency, and long-term sustainability.
Retirement Planning
Evaluating current savings and investment strategies and developing a plan to accumulate sufficient funds for retirement. This includes considering retirement accounts, such as 401(k)s or IRAs, as well as Social Security and other income sources.
Estate Planning
Addressing the transfer of assets and wealth to intended beneficiaries, minimizing estate taxes, and ensuring crucial measures are implemented such as wills, trusts, and power of attorney.