Marriage and children

Blending two lives can be complicated particularly if there are conflicting financial personalities or if there were previous marriages. It is critical to address issues like insurance, titling of assets, and delegating money management duties.

Divorce

Breaking up a marriage can financially devastating. Simply dividing an estate in half is often a bad decision. A planner can play a crucial role in designing a fair settlement that will serve you for the long term.

Planning for retirement

Investment decisions are a critical component of retirement planning. But often overlooked are how best to withdraw funds from your nest egg once you retire, and especially what kind of retirement you want to live. A planner can help you crystallize your retirement vision, then design a plan to help you achieve that vision.

Investment decisions are a critical component of retirement planning. But often overlooked are how best to withdraw funds from your nest egg once you retire, and especially what kind of retirement you want to live. A planner can help you crystallize your retirement vision, then design a plan to help you achieve that vision.

Funding for college

Beyond selecting from a myriad if investment options, other key issues include financial aid and tax considerations. Families should also closely examine the trade-offs between funding college versus funding retirement.

Devastating accident or illness

An insurance agent sells insurance, but a financial planner analyzes your insurance needs in relation to your overall financial circumstances and goals.

Death of a spouse

All too often, a surviving spouse, under great stress, makes critical long-term financial decisions involving insurance, investments, and retirement plans. Rarely is there a more important time for informed and objective advice.

Receiving a financial windfall

Windfalls or inheritances often involve financial and non-financial factors. For example, it may be better to put the money towards debts, or you may want to invest it or donate some to charity. Inheritance, in particular, is often fraught with deep emotional issues and family conflicts, so independent advice can be invaluable.

Estate planning

The terrorist attacks on 9-11 prompted many people to come to a planner to discuss wills, living wills, powers of attorney, life insurance, trusts and other estate planning. You’ll still need an attorney to draft those documents, but the planner can put those documents in the context of your financial circumstances and your vision on how you want your estate dispersed.