Communication is essential for any relationship, including the one you have with your spouse. financial professional. Regular meetings and connecting via conversation, rather than email, will build trust and support your relationship, ultimately leading to a bright financial future.
Comfortable is not something that everyone can achieve. “getting personal”When you start a relationship. A professional financial advisor will put you at ease, and help you create a financial plan that will reach your goals. The financial professional will ask about your income, savings and debt. They will also examine your attitudes toward risk, preferences for different investments, financial security, and priorities. You should be prepared to discuss the following topics in preparation for your meeting:
Life events: New baby, job loss, or purchase of a house can all impact your finances. Talk to your financial professional.
Market volatility: Investors should not panic about market fluctuations. However, the recent economic downturn has taught investors to keep their feet on the ground. It is important to address concerns that you may have about the long- and short-term impact on your portfolio.
Tax law: In the first quarter, talk to your financial advisor about any tax changes that might affect you.
College funding: If you have kids, don’t be shy about reviewing your strategy to save for higher education.
Life insurance: Talk to your financial advisor about the coverage available and how it aligns with your goals and needs.
It is important to have regular conversations with your financial professional. It is important to set expectations for the type of relationship you would like with your financial professional. Financial planning should not be an afterthought. “once and done”In order to ensure that your plan is in good shape, you will need to schedule regular visits. Although you may be happy with only once- or twice-yearly meetings it isn’t necessary to have a quarterly check in.
Make sure that your financial professional has the same goals as you. Visit this site to find a qualified financial advisor. www.pennmutual.comJonathan Pratt from the Life Solutions Group, an affiliate of Penn Mutual, Boston, MA, can be reached at 618-7222-4314
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