Bill and Connie are white-collar workers who are busy building their careers and raising their family. They realize that between the time demands of work and home, there isn’t much time left to tackle financial planning on their own.
They are comfortable with their day-to-day finances, but they have begun to think about their future and aren’t sure where to start. They have managed to save a bit of money, but wonder what they should do with it. They aren’t terribly interested in the markets – they just want to know they will someday have enough money to retire, and some left over to leave a legacy for their children.
They are well aware that, while there is certainly no shortage of financial information on the internet, there is simply no substitute for having the one-one-one guidance of an experienced and trusted wealth advisor.
We helped them address their short-time needs such as having the liquidity to cover their sizeable mortgage and any emergency expenses, and then map out a long-term plan for the milestones ahead – such as paying for their children’s college educations, and of course, saving for retirement.
We stressed the importance of establishing good financial habits and implementing the right strategies from the beginning – controlling debt, prioritizing needs, having the proper insurance protection and contributing to their company retirement plans.