You have a lot to think about when planning for you and your family: reserve funds for unexpected and anticipated cash needs, current or future investment income, possible long-term care or medical expenses, family or charitable gifting, and your surviving spouse, children and grandchildren.
You may not be able to address all these topics at once but you can take the first step by identifying priorities. I help guide clients with my RIGHT approach to planning, discussing your current situation and future needs for Reserves, Income, Growth, Heirs and Taxes.
Implementing Investment Plans
You can direct me to manage investments in your best interest without commissions--you pay a small percentage of assets quarterly from your investment account.
Some clients prefer making investment decisions after reviewing a couple recommendations. This approach reduces ongoing fees while you often pay an itemized sales charge for trades.
You may want to do your own investing after paying a flat or hourly fee for planning and advice only. We'll discuss which approach may serve you best.
Think of investing for income like a reservoir and waterfall fed by seasonal runoff, streams, driving storms and steady springs. Investment income can also flow from a variety of sources to help keep dividends relatively steady and potentially growing over time.
The payment of dividends is not guaranteed. Companies may reduce or eliminate the payment of dividends at any given time. Dividends that are paid may be taken in cash or automatically reinvested for growth potential.