Your financial health is just as important as your physical well-being. Just like you schedule regular doctor visits, an annual financial checkup can help you stay on top of your goals and ensure everything is in good shape.
But how do you know when it’s time to consult a professional?
At B.I.G. Investment Services, we believe financial wellness is key to living both a secure and stress-free life. Below, we’ll cover five signs that it might be time for a financial health checkup and how professional guidance can provide peace of mind.
Major Life Events: Time for a Financial Wellness Checkup
Life is always throwing changes our way, and some of those changes call for a good look at your finances. If you’ve just gone through a big life event, it’s worth asking yourself: "Do my current financial plans still make sense?"
Some of these events might include:
Getting married or divorced
Buying or selling a home
The birth or adoption of a child
Changing jobs or experiencing a significant change in income
Dealing with unexpected medical expenses
Each of these milestones can change your financial situation. For instance, when you get married, you’re merging two sets of finances. Then there’s a new baby, which often means more expenses and the need to update your life insurance. If you change jobs, it might be a good time to rethink your retirement savings strategy too!
That's why if you've recently gone through a big life event, now's a perfect time to set up a financial wellness checkup with us at B.I.G. Investment Services! Our friendly financial advisors in Delaware are here to help you reassess your goals, tweak your savings and investment strategies, and make sure you're headed in the right direction!
Feeling Overwhelmed or Unsure About Money Management?
Hey there! If you’re feeling a bit lost or stressed about your finances, you’re not alone. With so many choices out there—like managing debt, saving for retirement, investing, and making sure you have the right insurance—keeping everything straight can seem like a job in itself.
Here are some signs that it might be time to seek a little help:
Do you feel anxious about your financial future?
Not sure how much you should be saving for retirement?
Confused about investment options and what risks to take?
Wondering if you’re making the right choices for your family’s financial security?
So yes, if any of this sounds familiar, it might be worth reaching out for some guidance! With the guidance of a financial advisor, you’ll be able to simplify your financial plan and gain confidence in your decisions.
Needing Coordination Across Complex Financial Aspects
As your financial situation becomes more complicated, managing everything on your own can feel overwhelming. And if you're juggling your multiple accounts, investments, loans, as well as your retirement funds, you might be missing out on some great opportunities to optimize your portfolio.
Some signs of complexity include:
Multiple investment accounts with various providers
Owning multiple properties or businesses
Juggling personal and business finances
Managing inheritances or trust funds
Having significant tax planning needs
Our Financial Advisor Delaware Team takes a holistic approach to financial planning, assisting you in coordinating your investments, savings, taxes, and estate planning so that every piece fits together perfectly.
Nearing Retirement and Unsure If You’re on Track
Retirement is a big deal in your financial journey! Whether it’s right around the corner or still a few years off, it’s super important to make sure you’re financially set for it.
Some common questions people have as they approach retirement include:
Will I have enough saved to retire comfortably?
How much should I be withdrawing from my retirement accounts each year?
What is the best strategy for drawing on my Social Security benefits?
Do I need to downsize my home or adjust my lifestyle?
B.I.G. Investment Services specializes in retirement planning, helping clients like you determine how much they’ll need in retirement and developing strategies to help them achieve their goals.
Wanting an Objective Opinion on Your Financial Decisions
We all have our blind spots, especially regarding our finances. Sure, it's easy to get so wrapped up in your own situation that it’s tough to see the bigger picture.
And if you’ve ever found yourself questioning whether you’re making the right financial moves or if there’s a smarter way to handle your money, getting an objective opinion from a pro can help clarify things!
Here are a few key areas where getting an objective opinion can help you out:
Investment strategies: Do your investments match your risk tolerance and long-term goals?
Debt management: Could there be smarter ways to tackle your debt?
Tax strategies: Are you making the most of those tax deductions and credits?
Estate planning: Is your will and estate plan current with today’s laws and your family situation?
It’s always good to have a fresh perspective on these things! And our financial advisors can offer you unbiased advice, helping you make informed decisions in these unique situations.
Schedule Your Financial Checkup Today
At B.I.G. Investment Services, we believe that effective financial planning is the cornerstone of a prosperous future. Let us help you achieve your financial goals with our expertise and personalized approach.
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