Communication is essential for any relationship, including the one you have with your spouse. financial professional. Regular meetings and regular communication via phone and email create trust which will last and lead to a prosperous financial future.
Comfortable is not something that everyone can achieve. “getting personal”The beginning of a relationship. A professional financial advisor will put you at ease, and help you create a financial plan that will reach your goals. Your income, savings, debt, and life insurance coverage will all be discussed. 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 fluctuations: Although the economy is encouraging investors to remain the course, it’s important that you address your concerns about the impact of the current economic situation 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: Ask your financial representative to assess the level of coverage that you have, and if your policy is in line with your goals.
Regular conversations are important. You need to establish expectations for how you want to work with your financial professional. Your financial plan shouldn’t be complicated. “once and done”Regular visits are important to ensure that your plan is being addressed. While you might be content with a few meetings once or twice yearly, a quarterly check-in is not unreasonable.
Ensure that your goals and those of your financial professional are in line with yours. Please visit this website to locate a qualified financial professional. www.pennmutual.comCharlene Guisasola is the Regional Marketing Specialist at Penn Mutual Life Insurance Coral Gables, FL.
