Are You on Track to Reach Your Financial Planning Goals?

Midyear Review: Are You on Track to Reach Your Financial Planning Goals?

July 9, 2019

Summer is a good time to pause and review your financial plan.

If you don’t already have a financial plan, there’s no time like the present to create one—and we’ll make it easy to do. Adviser Investments can lend a hand with the wealth-management expertise you deserve, and we can work with you to build a plan that will help ensure you’re on the right path.

Before you make tracks to the beach, here are three quick ways to make sure your financial plan is on track:

  1. Review Your Goals. Setting goals is important, but they only count if they’re executed. How are you progressing toward your short- and long-term targets? Do you need to save more to hit your mark? If you haven’t set any specific goals, it might be a good time to discuss the topic with your spouse, partner or family members.
  2. Assess Upcoming Expenses. We started the year by suggesting you forecast any large expenses planned in 2019. Revisit that now. Have you allotted expenses for that upcoming vacation? How about holiday shopping splurges on loved ones? If you’ve saved for an expense that will come due in the next year, we suggest investing that money in a liquid, stable investment vehicle such as a money market fund or savings account.
  3. Manage Your Risk. Is your financial plan positioned to withstand adversity? We constantly discuss risk management for good reason. Planning ahead ensures that your financial plan will not be derailed should misfortune strike in the markets or at home. A quick review of your safety net—emergency fund, insurance policies (life, disability, property, casualty), workplace benefits and estate plan—can provide peace of mind about any storm clouds that may roll in. If you’re unsure how these elements of risk protection would function should they become necessary, it’s a good time to consult with us.

If you or someone you know is considering a move and summer plans include touring a few open houses, be sure to check out our most recent The Adviser You Can Talk To podcast.

In this episode of our AdviseHer series, we discuss the rise in female homeownership in recent years and offer some tips drawn from their own and their clients’ experiences for anyone thinking about buying a home.

Topics include:

  • Are you financially ready to buy on your own?
  • Is buying worth it for you?
  • When is it time to sell your home and downsize?

Simply contact us if you would like more home-buying advice or a midyear once-over of your financial plan. We’re happy to assist!

This material is distributed for informational purposes only. The investment ideas and expressions of opinion may contain certain forward-looking statements and should not be viewed as recommendations or personal investment advice, or considered an offer to buy or sell specific securities. Data and statistics contained in this report are obtained from what we believe to be reliable sources; however, their accuracy, completeness or reliability cannot be guaranteed.

Our statements and opinions are subject to change without notice and should be considered only as part of a diversified portfolio. You may request a free copy of the firm’s Form ADV Part 2, which describes, among other items, risk factors, strategies, affiliations, services offered and fees charged.

Past performance is not an indication of future returns. The tax information contained herein is general in nature, is provided for informational purposes only, and should not be construed as legal or tax advice. We do not provide legal or tax advice. Always consult an attorney or tax professional regarding your specific legal or tax situation.

Companies mentioned in this article are not necessarily held in client portfolios and our references to them should not be seen as a recommendation to buy, sell or hold any of them.

Insurance information is general in nature and should not be construed as personalized advice. Adviser Investments, LLC is not licensed to sell insurance products.

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