After two decades in this business, one of the most common questions I hear is, why should someone hire a financial advisor? Why should someone pay for this service that my team provides? These questions frequently come from DIY investors who work part-time as their own advisor, whether or not that’s something they’re trained for (it never is).
When it comes to how much you should save up in your emergency fund, there’s all kinds of advice available out there about this topic. We’re not going to waste either of our time – go ahead and Google it! I guarantee you that, based on that search and how conservative you are or aren’t, the answer to that question is going to be different. That’s the beauty of Google – they learn the personality of the person searching and give you the information you want to hear.
We all know holidays are busy, and the last thing you want to think about is money stuff. I get it. I’d much rather be shopping for ugly Christmas sweaters and eating way too many holiday treats. But trust me – taking care of these four things today will make the end of 2016 and the beginning of 2017 much less stressful.
Every year at Thanksgiving, it’s tradition in our home to take a few minutes and go around the table so everyone can share what they’re thankful for. We know that this year – probably more than last year – you’ll be getting together with your families for the holiday. For some, it may be the first time seeing them in quite a while.
We’ve been exploring financial fitness over the last few weeks, and taking a look at the three main areas that affect your financial wellness – what you earn, what you spend, and what you save. First, we covered different approaches to income and how to align your goals with what you’re bringing in. Then, we talked about taking an honest look at how and where you’re spending your money. Today, we’re going to explore our final aspect of financial health – what you save.
Over the next three weeks, we’re going to be talking about financial fitness and the three primary areas that comprise your financial health – what you earn, what you spend, and what you save. It’s important to take a close look and consider each of these financial buckets at least once a year to ensure you’re on the best financial footing for your life.
Somehow it’s the end of September, and that means you have 60 days. Remember, for half the month of December, the kids are out of school and it’s Christmas for the FFP team. So. You basically have 60 days to get everything done in 2021 that you wanted to. (If that doesn’t stress you out, what will??!)
You’ve probably heard us say when we call you for your regular client meetings that we want to see you and your spouse together. This isn’t just to make scheduling more difficult – we know how busy everyone is, especially in the summer months! – it’s because we want to build relationships with you and your spouse as a couple for many reasons.
Before we close out the first month of 2021, I wanted to take the time to go over a few logistical reminders, and cover a few things about what to expect when working with our team. We’ve made a few staff updates and additions, and I also want to remind you which mailers require your attention and which ones are less urgent.
In the coming weeks, depending on what state you live in and who your governor is, you may or may not be making plans to gather with family during this holiday season. Regardless of whether you’re staying home or heading to see loved ones for a little Christmas cheer, this is a perfect time to review the beneficiaries named on your accounts. (You know, in case of any bad thanksgiving turkey…) It’s also never a bad idea to think about and review any changes in your life that might trigger the need to update your legal documents, life insurance coverage or retirement accounts.
*Representatives are licensed to offer insurance and annuity products in AL, FL, GA, IL, IN, KY, MA, ME, MI, MO, NH, OH, SC, and TN and are licensed to offer investment products in AK, AL, AR, AZ, CA, CO, CT, FL, GA, IL, IN, KS, KY, LA, MA, MD, ME, MI, MO, NC, NE, NH, NM, NV, NY, OH, OR, PA, SC, TN, TX, VA, WA, Washington DC and WV. This website and its content are not intended for residents of other states. Securities offered through: The O.N. Equity Sales Company, Member FINRA/SIPC, One Financial Way, Cincinnati, OH 45242. 513.794.6794 Investment Advisory Services offered through The O.N. Investment Management Company. Estate Planning Services provided in conjunction with your licensed legal advisor.