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Financial Planning – Let’s make sure you’re okay

Jan 24, 2023 | Blogs, Financial Planning

Do you feel confident that your income, savings, and investments in the stock market will sustain you to the end? Read this blog to make sure you’re okay.

Here at S.E.E.D., we’re commonly approached by people just like you – people who care about their financial position and want to make sure they are headed in the right direction.

And since we talk with a lot of people, you can imagine many questions come up.

Is this the right thing to do?

How long will it take?

(Or maybe even) did we really mess this up?

All of these concerns are valid, and for the wise planner or investor, they’re smart questions to ask.

The good news? You really can find solid answers to every one of these questions. Even the most revealing and consequential question of all…

How do I know if we’re okay?

Where you’ve been

 

You’ve worked hard all your life.

 

Whether building your own business, clocking in and out every day, or moving from industry to industry, you’ve been diligent wherever you’ve found yourself.

 

You’ve saved as often as you could, even when it was difficult.

 

Perhaps you played the market some, and you might have even tried a little financial planning on your own. Some people even make the decision to engage a professional financial planner or advisor.

 

Where you are

 

As you think back over the years, you might feel a vague sense of satisfaction or remorse about your current position.

 

The next-door neighbor who explained budgeting to you really seemed to know what he was talking about – you listened and made a few tweaks. And at the holiday party last year where you met your good friend’s son, who is an accountant, you captured a few tidbits of advice and made some changes to your plan based on his input. It probably felt like most of those things were common sense– you know it’s smart to save, invest, give, and not let the checkbook bounce.

 

But are these assessments and changes enough to accurately evaluate the true health of your financial status?

 

Or maybe your portfolio could be substantial enough to give you little concern about the future. Mistakes aside, you could stand to see some significant losses and still come out okay. For a lot of individuals, that still doesn’t offer peace of mind and financial security– even when your planner sends you the latest report with positive indicators across the board.

 

You want to make sure your portfolio has the right mix of investments, savings, and assets and that, with confidence, you’ll be able to ______________ [you fill in the blank].

 

And anyone recently retired or nearing retirement has to grapple with this question: How do I know the actions I’ve taken will sustain me (us) to the end?

 

Our guess is that now you’re really asking the question that plagues so many: “Am I okay?”

Where you want to be

 

Before answering that query, it can be helpful to think about where you want to be.

 

Here’s a basic sequence to get-down-on-paper-once-and-for-all what your retirement goals even are:

 

  • Document your financial needs one year out, five years out, and even ten to twenty years down the road.
  • Compare your estimated retirement income and expenses.
  • Write down your family or relational goals.
  • Dream big, and write down your aspirational goals. These could be related to the fun things you’d love to do, ways you’d like to be a resource for others, travel plans, and more.
  • Finally, sit down with a close friend or significant other and share your goals.

 

 

Once you’ve established a clear vision for where you would like to be, it’s time to evaluate whether or not your finances are positioned to fulfill all of these goals. Done the right way, it is possible for you to make your finances work for your goals rather than nag you with doubts.

 

Do you feel confident that your income, savings, and investments in the stock market will sustain you to the end?

 

Believe it or not, getting clear on your goals is actually the first step to finding out if you’re okay.

💡 “…getting access to high-quality financial planning is easier than you think. What if you heard that a simple conversation could help? A conversation that explained that not all financial planning paths are created equal.”

What if one idea changed everything? A simple conversation could help.

 

That’s a big question, a really weighty one, and not one that you should be expected to answer on your own. Just as you trust your hairdresser or barber to manage your hair the way you like it, count on your mail carrier to deliver your important messages, and your chiropractor to keep your back aligned, there is help for you in your financial matters.

 

The wonderful thing about experts is that, according to Oxford Languages, they have “a comprehensive and authoritative knowledge of or skill in a particular area.” Allowing an expert in financial planning to guide you in your financial decisions and help answer the question of, “Am I okay?” is in your best interest.

 

And getting access to high-quality financial planning is easier than you think. What if you heard that a simple conversation could help? A conversation that explained that not all financial planning paths are created equal.

 

S.E.E.D. Planning Group loves to help people just like you. Not only is it our passion to serve our clients, but as fiduciaries, we are legally bound to work in your best interest. In the financial planning space, one serious benefit to working with our fee-only financial planning team is that our advisors are not paid by commissions on financial “products.” Instead, our salaried professionals work hard to put your interests first and openly discuss a variety of possible scenarios, leveraging years of insight and expertise to ensure you get the right answers to your questions.

 

We’re here to help. Let’s get you one step closer to knowing you’re okay.

 

If you are ready to have that simple conversation that could change everything, schedule a call today. We’d love to help you get the answers you’re looking for.

 

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S.E.E.D. Planning Group LLC (S.E.E.D.) is a Registered Investment Advisor (RIA) with the Securities Exchange Commission. S.E.E.D.’s team provides investment fiduciary and financial planning services to clients. Our fees are disclosed, easy to understand, and not predicated on product sales.
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