Answering Your Frequently Asked Questions About Financial Planning

When it comes to finances, investments, and retirement planning, there’s practically no limit to the number and types of questions I receive. But with the right help and guidance, anyone can (and should!) plan ahead for a successful financial future.
Surprisingly, many of the questions I get are the same. No matter your financial situation, we all have more in common than people think. We all need to think about our future and want to protect our loved ones.

So, here’s a list of frequently asked questions that I can get about financial planning.

When Can I Retire? How Much Do I Need?

Some of the most popular questions most clients have are about the future. How do I retire? How much will I need? What age will I be when I can enjoy my “Golden Years”?

While there is not a “one-size-fits-all” answer, there are plenty of ways my team can assist you to create a tailored plan made just for you. To find out more about our tips, check out my blog here for more information about what it actually takes to retire.

How Do I Handle Inheritance? 

Another tough question when it comes to money is what to do with an inheritance. Not only are you trying to juggle financial questions regarding how it all works, but you are likely having to do so during a difficult loss in your family.

You are grieving. You are vulnerable. This is one of the best times to seek the advice of a professional like myself. You want to make smart decisions with your money, but are likely having a tough time with emotional connections, too. Read more here about how a financial advisor can help in difficult times.

How Can I Stay Financially Secure in Today’s Economy?

It is a wild world of change out there, right? It can be tough to know how to keep your dollars and cents safe, especially when the marketplace is in constant fluctuation. 

From changing inflation rates impacting loans, to market volatility, I can be your tour guide through a confusing landscape. Even in a recession, our team can show you ways to make smart choices with your investments.

What Happens to My Retirement Plan If I Change Jobs?

One of the major trends of 2022 was dubbed “The Great Resignation,” as many employees opted for stay-at-home options following the worldwide pandemic. Employees began to seek more fulfillment and joy from their jobs, not to mention better pay.

If you are one of those people that found a new job recently (or hope to very soon), you’re likely concerned about what that will do to your retirement savings plans. From cashing out to rolling it over into another plan, there are choices, and each has its own pros and cons. Consult with a financial advisor to best understand the benefits and risks for your individual situation or find out more from my blog here.

Can I Refinance My Student Loans?

If you are one of the 43 million Americans still paying their student loan debts down each month, you are probably wishing there was a better way to manage them. While most think they’re stuck in the never-ending payment plan set by their initial lender, there are some ways to juggle this burden.

Refinancing your loan can be a major help to the family budget. Check out my informative blog here for more information.

How Will my Finances Be Impacted By Divorce?

Another question I often hear from clients is a concern about finances in the dissolving of a marriage. Much like juggling an inheritance, this is a difficult time for you and your loved ones. Thinking of money can be the last thing you want to do - but still, need to do - in order to stay financially secure.

Read here to understand the best steps to take when separating from a spouse.

How Can Young Families Budget?

With the current housing market, rising costs of everything from gas to groceries, and difficult market conditions, it can be a challenge for those just starting out to make ends meet. If you aim to start saving for a new home or begin a college savings program for your children, it may seem almost impossible.

Read about how young families can best budget their income to balance the load.

Can I Start a College Savings Plan for My Children?

Speaking of families, one of the most common questions among today’s rising costs is how to save for their future education. Parents always want the very best for their children - I should know, as a proud mom to three! One way to help them is to start saving early.

Learn here how you can begin planning at any age, even while they are still in diapers! You can learn other ways to help your children have a promising future, too, by reading my blog here.

Is It Too Late for Me to Start Investing?

Far too many people think that, at their age, there isn’t much point in retirement planning. But, thankfully, that isn’t true. There are options, no matter what stage of life you find yourself in, to invest your money and make choices to help your money work for you.

In short, it’s never too late, but read about how all ages can start investing wisely here!

When Should I Consult a Financial Advisor?

There are plenty of times in your life when you could benefit from the advice of a financial professional. One easy way to think of necessary “check-ups” is to consider each life “milestone” as a good time to update your plans - or at the very least, annually.

From having a new baby, to buying a home, changing a job, a marriage, or divorce, these major life events are also times when you need to reassess your financial outlook. Read more here about those times!