With celebrations come new family members, merging of resources, newly designated beneficiaries, updates to estate plans and even prenuptial agreements.
Yet we celebrate signing up for the wonderful messy journey we call life. Here’s to a glorious life.
And the lover becomes a father.
And as you grow your family, so does your determination for their care. Destinations change, special needs show up, futures adjust, beneficiaries are updated, estate plans grow, communication gets more important, time is more constrained, you can see college from here, etc..
And complexity has barely begun.
Teens are approaching adulthood, college is upon us, earnings begin more serious rise, income replacement is a real concern, higher taxes emphasize tax conscientiousness, managing debt gets more consequential, not to mention promotions, demotions or job loss to be ready for. And how’s your retirement trajectory doing?
Are we busy or what??
It’s easy to dream of a bigger, better home when you’re already bursting at the seams.
What’s ‘big enough’? What’s taking on ‘too much’?
If new employer is involved, will retirement plan rollovers from previous employer need updating? Will earning stability change? New benefits packages change previous plans?
Here’s hoping ‘no regrets’ planning works.
Wow, you can see retirement from here!
Eyes are wide open now.
Lifestyle’s may not be in stone, but they are setting in. Yet milestones keep coming.
Approaching sixty, retirement is in full view and new planning considerations are coming urgent, including:
From age 62 to age 65, a number of strategic decisions approach, including:
As you enter your mid- to late-sixties, one spouse may have crossed the retirement finish line and the other may still be transitioning from a lifelong career. Common items crop up that call for smart planning during this transition phase like:
Entering your seventies and beyond often includes new challenges and opportunities for your financial plans, including:
Along the way, an unpredictable healthcare event can derail a families’ financial future. From higher than expected medical bills to the loss of income, preparing for unexpected calls for proactive coverage options and legal protections such as living wills and power of attorneys, along with a revised strategy at the time of the event to provide needed cash flow, tax planning and more.
Need resources to help organize, prioritize and optimize all the pieces of your financial life?
You’ve come to the right place. To learn more, schedule your Complimentary Cornerstone Vissions™ Strategy Session today.