Are you saving enough?
To enjoy life you need to feel the security that comes with knowing you have what you need for now and for the future.
Getting to a place where you can be present for life’s special moments starts with a human need to ensure we’re safe. We all want a secure financial foundation. No one wants to run out of money. But many of us are so busy with life’s daily demands that we seldom have a chance to take a step back to see if we have enough.
Do you have a financial plan?
Planning for big financial goals is essential, but it doesn't have to be overwhelming or complicated.
Chances are you haven't worked with a financial professional. You're not alone; 2 in 3 adults do not receive retirement saving advice from a financial professional. This means that many adults are DIY financial planners, "building the plane as they fly." A good plan can reduce worry, adequately protect your family, streamline investing, and provide assurance that you'll have enough money when you need it.
What's holding you back?
1. "I can't afford a financial planner."
A financial planner can help you avoid costly mistakes. Here are common pitfalls: going all cash in bear markets, "investing" in your brother-in-law's genius business idea, signing up for a mortgage you can't actually afford, to name a few. Going it alone you're vulnerable to financial myths and gimmicks. You can't afford not to have a financial planner, a thought partner to help make better decisions.
2. "I don't have enough money to invest."
You could be making a hasty assumption here. While most boutique firms require a high minimum portfolio size, at our firm there's more to a client relationship than what's in a client's portfolio. Our clients who are in the accumulation phase and are typically High Earners that are Not Rich Yet, or HENRYs for short. Now is the time to engage a professional.
3. "I don't know where to start."
Well, you're getting warmer. We get it, you want to get it perfect and you don't want to make any mistakes. The best thing you can do is to ask your co-workers, family, friends, attorney, or accountant for referrals. Begin interviewing potential planners and see if there's a personality fit and that you can trust them. We have a list of questions that every financial planner should be able to answer. If you're curious here are our answers.