News & Events
With a New Year upon us, it’s a good time for a FINANCIAL CHECKUP!
Just as your primary doctor monitors a list of markers to assess your physical well-being each year, it’s a good idea to get an annual “check-up” to monitor the health of your financial situation and catch any potential concerns before they can cause problems. So as the year draws to a close, and the new year gets underway, I’d like to set up an appointment with you.
I’ll update your “history” with any new developments in your personal situation, such as a salary change, a child starting college, the birth of a grandchild, a family health issue or any changes in your long- term goals. If there have been significant changes, we’ll review your beneficiaries and estate plan for possible updates.
We’ll examine your recent health expenses to see if another insurance plan would better suit your needs. We’ll determine whether your auto, umbrella liability, home owners, disability and life insurance policies adequately protect your wealth, family and future.
After looking at your investments’ performances over the past year, we’ll decide whether your asset mix still meets your time frame, risk tolerance, needs and preferences. We can also project your income for the year to see if we should look for ways to reduce tax liability.
I want to extend my best wishes for health, happiness and continued financial success, and thank you for allowing me to serve you. I am committed to making sure your plans continue to suit your needs. I will call you in the next few days to arrange a convenient time to get together. If you have any questions in the meantime, please do not hesitate to contact me.
Five Tips for Keeping Your Financial Resolutions!
With the New Year upon us, take time to make a list of your financial resolutions. Financial resolutions can be especially difficult to stick with because, like eating and exercising, our spending, saving and investing habits tend to be tied to our emotions more than our logic. Here are five tips for keeping your financial resolutions:
- 1) Form new habits by tying them to current behavior.
If you have a regular system for paying bills, make a “bill” for your financial savings goals and pay it (by making a contribution to your retirement plan, college funding account, etc.) while you pay the other bills.
- 2) Put them on autopilot.
One of the easiest ways to keep saving and investing goals is to set up automatic deposits or investments. Payroll deduction for 401(k) contributions or reimbursement accounts are great examples – you never have possession of the cash, so you don’t feel the pain of taking it out of your spending money. Contact your human resources department now about starting or increasing your contributions.
- 3) Make your resolutions achievable and realistic.
Many people make resolutions without much planning or forethought – and fail the same way. If you are serious about your financial resolutions, do some homework, crunch some numbers and put your plan in writing.
- 4) Break them down into small steps.
Trying to keep too many resolutions at once will leave you feeling overwhelmed. Instead of making or implementing resolutions for the whole year now, break them down and add one or two each quarter.
- 5) Work with an accountability partner or coach.
Anyone who has tried to implement a weight loss or exercise plan knows that a buddy system increases the odds of success. If you need help sticking to your financial resolutions, we can work with you to create a plan for keeping your resolutions, whether they include college planning for your child or grandchild, or funding your retirement.
Call our office for an appointment to discuss your financial resolutions and how we can work together to make this a happy and prosperous new year!
Call: 978-675-9936 or email: firstname.lastname@example.org