Financial Wellness Services
Financial Planning &
• IRA/Roth IRA/401K
• Outline Financial plan
• Put Plan into Action
• Project actual cost of College for Children
• Strategize funding for College
• Home/Auto/Life Insurances
• Custom Coverages based upon Client Needs
Financial Wellness can be Achieved in 5 ways:
- Know what you are Spending:
To be financially well, an individual must have an understanding of their spending, including what they are spending their money on, groceries, clothing, coffee shops, and how much they are spending. Most importantly, an individual must spend less then they earn so they are able to set aside money to reach their financial goals.
- Prepare for Emergencies
Planning for emergencies is a key component of financial wellness. Personal finance experts across the country recommend 3-5 months of income saved in a separate account for financial emergencies. Without sufficient emergency savings it is very difficult to be financial well as any unforeseen event can undo all the positive financial behaviors of an individuals past.
- Get Financial Guidance:
Guidance is the most important component of financial wellness. With so many products and services in the marketplace designed to separate an individual from their money, we all need an independent and trustworthy source of information to guide us toward the right decisions.
- Understand your Benefits:
To be financially well individuals must understand their benefits and be able to maximize the benefit they receive from the packages they are offered.
- Invest Wisely:
In order to build wealth individuals must find long-term investments and diversify their portfolios. Knowing what to invest in and what to avoid has become a multi-billion dollar industry; however, it can be difficult to know whom to trust. To be successful, an individual must understand how to invest their money.