We all know we should probably talk to a financial advisor at some point in our lives, but we don’t always recognize the needs that arise where a financial advisor’s expertise will help you successfully navigate life’s changes. Whenever you go through a life-changing event, talking to a financial advisor can help you make the right financial decisions at the right time.
Getting Married
Getting married is a big step in life.
You have a lot of new financial decisions to make together, like buying a home (if you haven’t already), whether to get life insurance, and how much you’ll need, plus you’ll want to discuss planning for your future and retirement.
Financial advisors can help you organize your finances, and they’ll help you work through setting financial goals as a couple by helping you determine what you’re saving for and how to properly take the right steps to reach those goals on time.
Having a Child
If you just had your first child, it’s a good time to start thinking about how this change will affect you financially.
Advisors can help you set up college planning funds, savings accounts, and other saving options for your children. They can help you determine how best to prepare for your child’s financial future, even if your child is only a few months old.
Growing your family is a big life event, and you will benefit greatly from talking with a financial advisor to ensure your family has a stable financial foundation.
Divorced or Widowed
If you’re going through a divorce or recently lost a spouse, it’s a good time to have some important conversations with a professional.
Advisors will help you manage your money, especially after you’ve gone through an emotional and life-changing event. It will also be helpful to have someone unrelated to you helping you make financial decisions that can be confusing, emotional, or too exhausting for you to make on your own.
Inheritance
If you’ve just received an inheritance from a family member or someone close to you, you’ll want to talk to a financial planner to get some advice on how to manage the funds.
An advisor can help you assess your existing financial situation and determine how your recent inheritance will fit best in your overall financial plan.
Should you save it, invest it, or spend a portion of it?
All of these are thoughts you’ll want to discuss with a financial advisor. You’ll also want to talk to an accountant to make sure any taxes have been paid (if required), and the IRS has all the proper documentation it needs.
Money management is important to maintain during big changes in life, and chatting with a financial advisor can help you navigate those changes so your financial strategy stays on track.
If you’re in one of these situations or are simply just looking for a financial planner, you can contact Triangle Financial Group (TFG) at Triangle Credit Union.
TFG provides financial planners and services that can help you through many of the life events that were mentioned here. Triangle Financial Group also holds webinars that cover topics such as Estate Planning, Retirement Planning, Medicare, and more!
Reach out via email, submit this form, or give them a call to set up an appointment today!
