Navigating Life’s Milestones: Why Now Is the Time to Plan

We are all a culmination of our experiences and the experiences of those closest to us.

It has been my experience over the past 20 years that everyone benefits from a written goals-based financially plan.

However, based on that same experience I also know that most people don’t contact us for help until the pain of an unresolved issue is greater than the ease of procrastination for just a little longer.

Here are the Top 10 pain points that spark a person’s engagement for help from Know My Plan:

  • Inheritance
    • “Oh my goodness.  I just inherited money.  Now what? What should I do? I want to be a good steward of this gift. What are the tax ramifications?”
  • Job Change
    • “What do I do with my old retirement plan? What are my options for the new plan?”
  • Birth of a Child
    • “Do I need an estate plan? What documents do I need?  How much life insurance should we have? Do we need to start planning for college?”
  • Parent or loved one needs long-term care
    • “Should we look into long-term care for our future selves?”
  • Becoming the executor of an estate or dealing with the aftermath of a loved one dying without a will
    • “I had no idea what was involved.  How do I ensure my kids don’t have to go through this same experience?”
  • First time receiving stock options
    • “RSU’s, ISO’s, vesting periods…what does it all mean? What do I do when the stock vests? How is it taxed? HELP!”
  • Children no longer require child care
    • “We were paying $1,500/month for childcare.  What do we do with this money now?”
  • Student Loans are paid off
    • “I have been paying $2,000/month for 10 years.  My student loans are finally paid off. What’s the best way to manage this cashflow?”
  • Relocation
    • “I am relocating across the country. HELP!”
  • Too much cash, earning too little
    • “I know I shoudn’t have $200,000 sitting in a bank account, but I don’t know what I should do with it.  Can you help?”

The answer to all 10 of these pain points comes by continuously acting upon a written, goals-based, financial plan as a guide to help you steward your capital in a way that helps you achieve what is most important to you and your family.

We believe that your goals (dreams) determine your plan and your plan determines your portfolio.

It all starts with a casual, relaxed, & fun conversation.

Cheers, Nic

This material is for general information only and is not intended to provide specific advice or recommendations for any individual. There is no assurance that the views or strategies discussed are suitable for all investors or will yield positive outcomes. Investing involves risks including possible loss of principal.

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