EPIC Wealth Strategies, LLC

FAQs

Check the background of our investment professionals on FINRA’s BrokerCheck.

Why Steve Travaglini? 

My experience, knowledge and hands on approach will provide you and your family with access to a professional financial advisor who will become the macro manager for your financial future. The single biggest advantage of working with me is my independence. I have no preconceived plan as to what your strategy or objective should be. Instead, through an educational process I can help you discover how to work toward your goals and help you develop and implement a sound financial strategy.

I always say that I am going to start putting money away for my retirement and never seem to have the extra money to do it.

I use the LEAP® process, which can potentially help you build wealth with no additional out-of-pocket outlay. This process can help make your dollars work better enabling you to work toward providing for the future.

If I already choose my own investments or use my broker recommendations, why should I meet with you?

My work is unique. Most investment advisors and other financial professionals focus on only one or two aspects of your financial life. Using the LEAP process I evaluate and coordinate ALL aspects of your financial life. I’m not here to replace all the members of your team or products that are working well for you. By utilizing a holistic view I work at helping you to make your money more efficient and productive. My experience goes beyond just the picking of products. Like a game of chess, I focus on understanding how all your financial vehicles, wills, insurances, and debt structure should work together. I also assist your other advisors to perform for you at a higher level.

What are the types of things you will do during the process?

To help you create maximum wealth with the money you will receive over your lifetime, I have to evaluate all items, which include cost and income items such as housing, food, lifestyle, college and retirement goals. I will listen, put together written strategies with alternatives in a simple and easy to follow modeling process. You will see from the model what areas of lost opportunity exist with you current plan. I will continually inform and update you. For many of my clients this is one of the main reasons my clients stay with me. I will communicate and answer questions in an easy to understand language.

What questions will be answered during the process?

• What is the true cost of my current plan?
• Given my current planning, am I betting my results on the idea that taxes will be lower in the future than they are today?
• Will I be in the lowest tax bracket when I retire?
• How does all this fit together and is it working to meet my future retirement goals?
• Why has no one pointed this out to me before?
• You will have a basic understanding of why I recommend certain plans and strategies. I want you to understand how they work and why they are important to your financial success.

How do you differ from some financial planners?

Most financial plans are only concerned with dollars and cents. I realize that this is only one aspect of financial planning. My goal is to create a plan that supports what you care about most such as educating your children, being financially stable after retirement, and properly distributing your wealth.

What will it cost for you to do the financial analysis?

You will receive planning and strategies for no initial costs or charges. I do not want any of my clients to have a financial risk or obligation for me to do planning.

Who decides what portions of the plan to implement?

You must feel good about the plans and strategies. I want you to feel good about implementing the recommendations.

Will I be pressured into making any decisions?

At no time will I pressure you into making a decision. I will always support you in doing what you know is best for you.

Glossary

Coordination

The financial relationship between one asset and another.

Enjoyment of Wealth

The spending of one’s assets for needs, wants, or desires.

External Design

The study of the efficient and effective flow of money into and out of the assets a person owns within the PS&G Model®.

Economic Life Value

The economic worth of a person generally associated with the ability to earn income and produce assets over a future period of time.

Ideal Strategy

The strategy using the same assumptions of the client’s present financial position, but without taxes or inflation.

Increase in Money Supply

The difference between the amounts of money one will have in one specific financial strategy compared to another.

Integration

The movement of money from one asset to another that seeks increases in the future money supply and provides additional protection benefits.

Internal Design

Selecting and structuring any given financial product or service to work more efficiently and/or more effectively.

LEAP®

The Lifetime Economic Acceleration ProgramTM, which forms the word “LEAP” as an acronym.

Lost Opportunity Cost

In LEAP, it is the amount of money that is spent and lost by an individual as a result of owning a particular asset or by using a particular financial strategy.

Macro-Financial

The study of the overall aspects of all financial elements in a personal economic model.

Macro-Manager

A person who uses a holistic strategic approach versus one who uses a linear single-need approach.

Micro-Financial

The study of one element contained within a personal economic model.

No Additional Out-of-Pocket Outlay

Not having to outlay any additional money from earned income beyond what one is currently spending.

No Additional Risk

Not adding more financial risk to one’s overall current risk tolerance. The intent of LEAP® strategies is to maintain or reduce financial risk.

Performance Beyond Needs and Goals

A philosophy that one should not stop building additional financial assets just because one is on target or has already met their stated financial needs and goals.

PS&G Model®

A diagram that contains all financial products and strategies related to Protection, Savings, and Growth that are positioned in a hierarchical value structure.

PS&G Model Strategy Worksheet

A worksheet showing the PS&G Model® where internal, external, and coordination design functions are performed.

PS&G Model Present Financial Position

The current state of one’s personal financial situation.

Wealth Building

The financial process designed to obtain an increase in assets and benefits over a period of time.

Wealth Conservation

The financial structure used to protect one’s assets from erosion due to income taxes, estate taxes, lawsuit, market declines, illiquidity, disability, illness, and other financial problems.

Wealth Distribution

The transfer of one’s wealth to oneself or others so it can be spent and enjoyed for personal needs, wants, and desires.