Questions clients often ask us about financial planning

• How much money do I need to start a plan?

  As a general rule, having $100,000 of liquid assets is a good place to start thinking about a financial plan, but it’s never too early to start planning for the future. For individuals and families with over $1 million in investable assets, their financial needs are much more complex and would greatly benefit from the guidance of a team of certified professionals.

• How do I balance short- and long-term goals?

  Developing a well-thought-out plan should help you achieve short-term goals, such as taking vacations, purchasing a car, or buying your dream home. However, it should also help you understand the impacts these decisions may have on your long-term retirement and legacy.
  
  Having a plan also does not mean that you’re unable to adapt and make changes in the future. Reviewing your plan with your advisors over time, as your situation changes, should increase your odds of success.

• Have I saved enough to retire?

  The answer to this question depends on your family's unique situation. Since everyone's financial situation and retirement goals are different, the amount needed to retire will vary. You can start by considering what your essential expenses will be in retirement, and then build the secure income side of your portfolio around meeting that need. You can then work on the diversified, growth-oriented aspect of your portfolio to achieve aspirational goals or wants.  
  
  Our advisors can help you easily build a plan and determine if you have saved enough to retire based on your unique goals and dreams.

• How often should I update my financial plan?

  A financial plan is a roadmap that helps guide you along the path to achieving your goals. But it’s not a once-and-done document. At least once a year—and any time you’re impacted by a material change, like a job loss, marriage, or a death in the family—it’s a good idea to review your plan and revise it as needed.