Some consult us on a short term basis
They want to focus on very specific issues. They want professional advice to help them make smart decisions.
- Building wealth by starting to lay a firm financial foundation
- Reducing debt, whether student loan or credit card, etc.
- Making better decisions about their income and savings
- Saving to fund college for a child, grandchild, niece or nephew
- Asking the right financial questions before they marry
Some ask for assistance when they face a life crisis, such as
- The (impending) loss of a life partner through death or divorce
- The desire to help an aging parent with financial issues that s/he is no longer able to manage
Some want to interview us to see if our firm will be the right fit for them
- They want to see if they can trust us
- They want to get “a feel” for the service, to see what planning can do for them
- They want just a half hour of time, with no charge, to see if Weiss Financial Advisors can provide the high level of service and professional advice they expect.
Some seek advice for the long term
They want to develop a careful long term plan and strategies that integrate areas of their lives, to increase their financial security, and that of their loved ones. Some would like to
- Build a plan that
- Integrates budget decisions with, for instance, college funding efforts at the same time that it
- Develops a strategy to deploy income for a secure 20-30 year “retirement”
- Includes an investment strategy that respects the risk tolerance of each party (in a couple)
- Manages risk while building assets over the long term
- Creates a legacy for the next generation
- Bring wives and possibly children into the financial discussion in an intelligent (and age appropriate manner)
- Women have greater longevity than men. So women need to know more about their finances, and get practice managing money before they face a crisis (such as a husband who has a serious stroke or passes quickly). If women become actively involved in all types of financial decisions, they are less likely to suffer the downward mobility that (research shows) widows often face. Women can make intelligent decisions about their money, to preserve wealth and an inheritance for their children.
- Preserve wealth they have built, for this generation, and make it last for generations to come
- Increased longevity, coupled with inflation, can reduce wealth and limit the size of the next generation’s inheritance. How do you take steps to make sure you will have enough money for a comfortable life, yet provide for your children and grandchildren?
- Do you need to set aside funds for grandchildren’s education, or set up a trust to fund the maintenance of a summer home, or favorite retreat?
- Develop a legacy that includes money, but does not stop at trusts and charitable giving.
- Develop a more personal legacy, that can offer the next generation a love and respect for key principles of life.
- Review your estate planning, after your family grows, and make provisions for grandchildren, and maybe great grandchildren, as well as charities
- Develop a plan for distribution, then discuss this with children so that they understand where the money will go and how long funds may last. Then they can make intelligent decisions about saving and investing for themselves, without waiting for an expected windfall, etc.
- Developing a 21st Century Plan–for the careers of younger professionals
- The world economy is changing and with it job security. How does young professional develop a plan to meet the challenges of downsizing, mergers and acquisitions that can make your job, or that of your spouse, redundant?
- Partnerships, tenure and the C-Suite are reserved for a very few, how do you arm yourself and protect your family?
It alters our lives and finances
when we least expect it.
Your financial questions change as your life changes. The answers to important money questions change with your age, marital status, parental status, career, loss of a life partner, etc. There are different questions to ask at each life stage. For instance, single individuals have money questions that often differ from those of married couples and blended families. Young parents have money questions that differ from those of parents with older children. Widows have a set of money questions that are quite distinct. New grandparents have their own set of questions.
A professional, with substantial training and experience can offer answers to each set of questions, and help you make smart decisions about your money and your future.