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New Year Financial Self Check

| January 17, 2017
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We're three weeks into the New Year already, have you reviewed your budget and financial goals for 2017?


The beginning of the year is an ideal time to review your investments, put together or update your financial plan, and set or change goals for the upcoming year. Below are a few topics to consider reviewing periodically:


Current financial situation

No matter what stage of life you’re in you will want to revisit and reassess where you stand with your investment goals, time horizon, and risk tolerance.
• New to investing? Do you have a savings plan? If not, set one up.
• In your working years? Are you able to increase your retirement contributions?
• Nearing retirement? Try reducing your risk to better protect your savings.
• Retired? Consider adjusting your monthly withdrawal amount.

At any stage in life, your advisor can help you choose the right actions to be taking to make sure you're on the path to reaching your financial goals.


Have your objectives or circumstances changed in the last year that may warrant a change in your finances? It may be time to adjust your portfolio if you:
• Got married or divorced
• Became a parent or grandparent
• Lost or changed jobs
• Received a promotion resulting in pay increase

If any of these changes have occurred, simply communicating with your advisor is the first step toward adjusting your financial plan.


Being prepared

No matter if you are saving for a house, your first child, or retirement; perhaps the best way to prepare is to invest as much as possible, as early as possible, with the appropriate investments over the long term, all while keeping your fees low. Let the wonders of compounding (compounding interest) work for you.


Taking Action

Like we mentioned above, no matter what stage of life you’re in, if you want help getting started or need help getting back on track call us today to set-up free consultation. Meeting with an advisor early in the year, and maintaining communication, could provide support and guidance to help keep you on track no matter what challenges or changes are ahead.

Call 715-839-1006 & ask for Dale, or send me an email by clicking here for your free consultation!


Follow our upcoming blog posts as we discuss the changing investment environment and our fiduciary duty to clients. We will also tackle and break down investors management fees - are you paying too much?

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