There’s a saying that “Failing to plan is planning to fail.” When certain life-changing events happen, it’s so important that we create a plan, or adjust your existing one. This is the single best way to ensure you keep moving toward the goals you care about most. For that reason, don’t fly blind whenever unexpected weather comes your way! If any of these eight events ever happen in life, don’t make the mistake of proceeding without a plan.
IF YOU GET A RAISE
Few things are more exciting than getting a raise, but what will you do with the additional income? Invest it? Pay down your debts? Spend a little more on the weekends? Before doing anything, let’s review your finances to determine where your new earnings are most needed and can do the most good.
IF YOU LOSE YOUR JOB
On the other hand, few things are more painful than losing your job. Should that happen, let me know immediately. Together, we’ll create a plan – and a budget – for how to keep your head above water and try to maintain your standard of living until you’re back on your feet.
IF YOU MAKE A MAJOR SALE
Selling a home, car, boat, or other significant possession can have a profound effect on your finances. That includes your taxes, cash flow, estate, and more. For that reason, it’s critical that we factor any major sale into your financial plan so you can derive the most value and avoid costly mistakes.
IF YOU GET A SUDDEN INFUSION OF CASH
Inheritances, settlements, tax refunds – it’s easy to treat these windfalls like money under the couch cushions. While it’s fun to spend a weekend in Vegas, let’s first determine if that money could be put to better use by saving or investing it. Vegas will always be there – let’s try to help ensure your money will always be there, too!
IF YOU MAKE A CHARITABLE CONTRIBUTION
Making charitable contributions is one of the most noble things you can do with your money – but there’s often a right way to do it and a wrong way. By taking advantage of certain tax laws*, together we can try to help ensure you always take the right way.
IF YOU TAKE SOCIAL SECURITY
Did you know there are dozens of ways to claim your Social Security benefits? Did you also know there are many ways to maximize the value of your benefits? For these reasons, let’s have a conversation as you get closer to taking Social Security. It can really pay off!
IF THERE’S A CHANGE IN YOUR FAMILY
Family is one of the most important things in the world. That’s why any change in your family situation, whether it’s a new child or grandchild, a marriage or divorce, or a recently deceased family member, can alter your financial situation in a big way. When that happens, call me*. If I can’t help, I can refer you to one of our preferred tax or legal professionals.
IF THERE’S A CHANGE IN YOUR GOALS
This one should be obvious. As a financial advisor, my job is to try to help you reach your goals in life. I do that by helping you plan, prepare, save, and invest for the future. So whenever your vision of the future changes or evolves, let me know! That way, I can help you.
DON’T FLY BLIND
When it comes to your finances, don’t fly blind. Feel free to contact me whenever it’s time to review where you are and where you want to be.
*Individual circumstances may differ. For tax advice, please contact a tax professional. For legal advice, please contact an attorney. You should contact the Social Security Administration for your particular situation.