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Make An Appointment Now to Update Your Financial Plan in January

| December 07, 2016
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January is known as a time of fresh starts, new goals, and renewed motivation. Often, New Year’s resolutions lead people to purchase gym memberships, pledge to read more, or spend more time with family and friends, but have you thought making your finances a priority?

This is the perfect time of year to reflect on your financial situation and get on track with your financial plan for 2017.

Why Do You Need a Financial Plan?

Why do we create strategies and plans for our lives? Normally, it’s so we have something to aim for, something to keep in the forefront of our minds as we work towards our goals. If we don’t plan, it’s like we are shooting at a target blindfolded. Having a plan will help you get on track for your retirement so you can focus on today instead of worrying about tomorrow.

A Plan to Increase Wealth

Did you know that while approximately 96% of pre-retirees and 89% of retirees are concerned about their financial future, only 50% meet with a financial advisor to discuss their situation? (1) Meeting with an advisor doesn’t only give you confidence and peace of mind, it provides real results! The data given in an HSBC study on the future of retirement shows us that those who created a financial plan amassed nearly 250% more retirement savings than those without a plan. (2) Are you convinced yet?

Take Care of the Details

Furthermore, having an advisor on your financial support team means that you also have someone to take care of details that might go overlooked, such as tax issues, or health care. You may think you don’t have enough money to benefit from a financial advisor, but those who plan for their financial future are more prepared for their retirement, and this is true across all income levels. (3)

So, what can you expect from a financial plan?

Your Financial Plan

Do you know what a financial plan entails? It involves much more than just investing in an IRA. When we sit down to assess your individual needs, here are some questions we will answer:

  • Are you on track for retirement?
  • Could you benefit from estate planning?
  • Do you have adequate insurance coverage?
  • Is there too much risk in your portfolio?
  • Are you paying too much in fees?
  • Are there easy ways to reach your goals faster?

We look at the whole picture to ensure that your financial health is top-notch. Don’t be part of the majority who worries about their financial future, but instead, make 2017 the year that your finances thrive. Your first step to a secure financial future is to make a plan. If you know that you need to take control of your finances, make an appointment now by calling me today at (505) 369-1224 or emailing me at kbrown@gfainvestments.com.

About Kevin Brown

Kevin Brown is an independent financial advisor serving individuals and families in New Mexico. It is his goal to give unbiased recommendations and impartial guidance based on every client’s individual and unique needs and goals. Kevin enjoys helping people to feel confident in their financial future by developing a plan to help insure against what can go wrong so they can enjoy the luxury of investing for what can go right! Call his office today at (505) 369-1224 or email kbrown@gfainvestments.com.

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(1) https://www.soa.org/Files/Research/research-2014-retire-survey-findings.pdf

(2) http://www.hsbc.com/~/media/HSBC-com/about-hsbc/structure-and-network/retirement/pdfs/130905-life-after-work.ashx?WT.ac=HGHQ_FR_nr1.2_On

(3) https://www.cfp.net/docs/news-events---research-facts-figures/2012_household_financial_planning_survey.pdf?sfvrsn=2

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