A Path to a Brighter Tomorrow

Set Financial Goals

As you go through this process establish financial and legacy goals that are important to you.

• What lifestyle do you envision as you take the next steps in your new journey?
• Are you planning on relocating or moving for a fresh start?
• Are you considering starting a new career?
• At what age are you considering retirement? Are there other income sources that you can draw upon?

Build a Team

Our Financial Professionals can work with your Accountant and Attorney to develop a plan that is custom tailored to your specific goals.

Budget for Expenses

As you continue on this new journey, expenses will arise. Consider the different types:

• Fixed are the everyday living expenses, such as rent, mortgage and car payments. These expenses reoccur in the same increments each month.
• Variable are bills that arrive regularly but not always in the same amount, such as utilities and groceries.
• Periodic can be car and home repairs, gifts to mark special occasions, vacations, etc.

Setting a budget that incorporates these expenses will help you start your path to a financial future that is within your control.

Create an Emergency Fund

In addition to the expenses that can arise and that have been budgeted for, have you established a savings/emergency fund? Anything can happen in life, and it is important to have a reserve to be financially prepared for any unforeseen events.

Health Care Costs

Health care costs can be the number one expense experienced in retirement. There are many ways you can prevent these cost from depleting your retirement savings.

• If you are currently working, have you taken advantage of benefits from your employer sponsored programs?
• If you are close to or in retirement, do you have a complete understanding of Medicare and the Medigap programs that are available?

Update Your Estate Plan

Estate plans created during your marriage should be revisited and estate planning documents should be reviewed and updated to reflect your current health and legacy objectives.

• Establish a new will or trust.
• Update beneficiary designations on all pertinent documentation including your bank accounts, brokerage accounts and life insurance policies.
• Create powers of attorney with new directives.

These steps will ensure that your wishes and objectives regarding your health and legacy will be carried through.

Protect Your Financial Future

Your loved ones depend on you, whether you are a caregiver or parent. Have you considered protecting them by investing in the following?

Life Insurance - Life insurance can fill a multitude of needs including financial support for loved ones. It can provide you with confidence, knowing your heirs will be taken care of in the event of your death. It can also help fund educational costs, supplemental retirement income and much more.