Check the background of investment professionals associated with this site on FINRA’s BrokerCheck.

Friday, October 27, 2017

Sometimes You Just Need to Refresh

We’ve all needed to do it at one point or another. Whether it’s been physical exhaustion in need of a nice spa treatment, a wardrobe that no longer fits our lifestyle, or a pesky webpage that’s trying our patience, it’s easy to understand the significance of taking a moment to refresh. One area though, that we may neglect to consider needing a revival, is our financial plan; but just like our wardrobe, our financial plan can become stale, outdated, and irrelevant. For this reason, it’s important to periodically evaluate our financial plan to determine if it still makes sense with our evolving goals and circumstances or if it’s time to hit the refresh button.

Because it’s no secret that money dictates most everything we do, it’s important to consider what it is we want or need in order to create an applicable plan. Fortunately, there are professionals that can help navigate this process who are knowledgeable in not only the scenarios we ought to consider, but also the behavior of financial investments.

A couple of steps that can be taken to assess the efficacy of your financial plan are 1) establish a rapport with a financial advisor who measures their success by yours and 2) engage in a rhythmic personal assessment of your goals and circumstances.

You know yourself best, so when it comes to something as personal as lifelong goals, you are the greatest judge in the matter. Pair your assessment with the help of a professional, and even the goals that are really more like dreams, become realistic. So even if your hairdo matches your parents’ yearbook picture, don’t let your goals go unaccomplished because you failed to plan for their accomplishment.
 

The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual.