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

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 RiskThe probability that an investment will decline in value in the short term, along with the magnitude of that decline. Stocks are often considered riskier than bonds because they have a higher probability of losing money, and they tend to lose more than bonds when they do decline.. Is your financial plan positioned to withstand adversity? We constantly discuss riskThe probability that an investment will decline in value in the short term, along with the magnitude of that decline. Stocks are often considered riskier than bonds because they have a higher probability of losing money, and they tend to lose more than bonds when they do decline. 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!

About Adviser Investments

Adviser is a full-service wealth management firm, offering investment management, financial and tax planning, managed individual bond portfolios, and 401(k) advisory services. We’ve been helping individuals, trustsA legal document that functions as an instruction manual to how you want your money managed and spent in your later years as well as how your assets should be distributed after your death. Assets placed in a trust are generally safe from creditors and can be sold by the trustee in short order, avoiding the lengthy and costly probate process., institutions and foundations since 1994. Adviser Investments and its subsidiaries have over 5,000 clients across the country and over $8 billion in assets under management. Our portfolios encompass actively managed funds, ETFsA type of security which allows investors to indirectly invest in an underlying basket of financial instruments (these may include stocks, bonds, commodities or other types of instruments). Shares in an ETF are publicly traded on an exchange, and the price of an ETF’s shares will fluctuate throughout the trading day (traditional mutual funds trade only once a day). For example, one popular ETF tracks the companies in the S&P 500, so buying a share of the ETF gets an investor exposure to all 500 companies in the index., socially responsible investments and tactical asset allocation strategies, and we’re experts on Fidelity and Vanguard mutual funds. We take pride in being The Adviser You Can Talk To. To see a full list of our awards and recognitions, click here, and for more information, please visit www.adviserinvestments.com or call 800-492-6868.