Putting Your Plan Into Action
A financial plan without implementation is just a document. Step 6 is where recommendations become reality — opening accounts, adjusting allocations, updating beneficiaries, restructuring insurance, retitling assets, and executing the specific action items identified in your plan.
For ongoing advisory clients, Fee-Only Planning Hawaii provides hands-on support throughout the implementation process. We coordinate with your CPA, attorney, insurance agent, and custodians to ensure every recommendation is executed correctly and efficiently.
For One-Time Clients
If you engaged us for a one-time planning engagement (Steps 1-5), implementation is your responsibility. However, your written plan includes detailed, step-by-step guidance for each action item, and we are available for ongoing flat-fee reviews if you want periodic check-ins as you work through the list.
Coordination Is Key
Many planning recommendations require coordination across multiple professionals and institutions. Roth conversions require CPA input. Trust funding requires attorney and custodian coordination. Insurance changes require agent involvement. We manage these moving parts so nothing falls through the cracks.
The Implementation Gap
Studies show that a significant percentage of financial planning recommendations are never implemented. The most common reason is not disagreement — it is simply that life gets busy. Professional implementation support dramatically increases follow-through.
Common Implementation Actions
We coordinate the execution of every recommendation in your financial plan.
Investment Changes
We restructure portfolios — adjusting allocations, replacing high-cost funds, implementing asset location strategies — in a tax-efficient manner.
Account Restructuring
We open, close, consolidate, or retitle accounts as recommended — IRAs, Roth conversions, TOD designations, trust funding.
Insurance Adjustments
We coordinate with your insurance agent to adjust coverage, add policies, or eliminate redundancies as recommended.
Estate Document Updates
We coordinate with your attorney to update estate documents, beneficiary designations, and asset titling as needed.
Tax Strategy Execution
We work with your CPA to implement tax strategies — Roth conversions, charitable giving, income timing — at the right time.
Benefits Optimization
We help you make optimal elections during open enrollment and maximize employer-provided benefits.
How Step 6 Works
Action Item Prioritization
We review the prioritized action list and establish a timeline for implementation.
Professional Coordination
We coordinate with your CPA, attorney, insurance agent, and custodians as needed.
Execution
We execute or oversee each action item — account changes, investment restructuring, document updates.
Tracking & Follow-Up
We track completion of each item and follow up on any that require third-party action.
Completion Review
We conduct a final review to confirm all recommendations have been fully implemented.
Implementation Tracking Checklist
Track progress on common implementation actions:
Investment portfolio restructured per recommendations
Retirement account beneficiaries updated
Insurance coverage adjusted (added/removed/modified)
Estate documents updated by attorney
Assets retitled into trust (if applicable)
Tax strategies coordinated with CPA
Employee benefits elections optimized
All accounts consolidated or restructured as recommended
Frequently Asked Questions
Get answers to common questions about Step 6 of our planning process.
Related Planning Steps
Our 7-step process ensures nothing is overlooked. Explore the other steps.