Is it Time to Call Your Financial Planner?

Before you finish your morning coffee, you will look at your pile of unopened mail. In that pile of mail, you may find your most recent 401(K) and non-qualified account statements. Unfortunately, since the end of the first quarter, you have hoped that your investments statements were lost in the mail. Today, you must have the courage to open those statements, if they are contained in your stack of unopened mail. After reviewing your investment statements, you will need to make a phone call to your financial planner. During your conversation with your planner, schedule an annual review to measure the success of your financial plan’s goals.

Why Meet with Your Financial Planner?

Individuals must never avoid a trip to see their financial planner. If you can visit your physician for an annual physical, you can visit your financial planner for an annual review. Regardless of your profit or loss, an annual review can provide insight into your financial destiny. In some cases, individuals will find that they now have additional money for savings, as a result of refinancing a home after improving their credit scores. On the other hand, you may desire to retire a few years earlier than planned; your financial planner can create a financial action plan to help achieve your goal.

Remember, financial planning is more than investments. It may be time for your financial planner to recommend additional term life insurance to protect your income or to recommend long term care insurance to protect your assets. These are not the only recommendations that your financial planner may suggest. However, you need to meet with your financial planner in order to have an annual review done.

Do you need more reasons to call your financial planner? Many times, an individual has to pay a financial planner for the initial financial plan. Why would you want your financial plan to collect dust? Find out today if you are maximizing your financial potential by scheduling an appointment with your financial planner.

Analysis

Stock market losses are not an excuse for avoiding your financial planner. Everyone who has a financial plan needs to have it reviewed on an annual basis. If your financial has not been reviewed in 2009, give your financial planner a call after reading this article. Besides, your goals may have changed over the last year, including when you plan to retire; this might affect how you should investment your current retirement money.

*Disclaimer: This article does not constitute financial advice. Always consult a tax advisor or financial planner when making investment decisions.