Three Questions You Should Be Asking Your Financial Advisor Right Now
Are you paying more attention to what you are saving and spending than you were a year ago? Are you more active in pursuing a variety of strategies to reach your goals? As we pass the one-year anniversary of the World Health Organization officially declaring COVID-19 a pandemic, a majority of Americans report far greater anxiety today than after the Great Recession about many financial issues according to Allianz Life Insurance Company’s 2021 Retirement Risk Readiness Study. It’s a logical time for many Americans to assess the state of their finances and prospects for the future.
Although markets performed relatively well, 2020 was a turbulent year, which left many questioning the state of their financial future. As with any unforeseen crisis, COVID-19 has led to unprecedented changes in the way we live, work, play, learn, and think.
Now is an optimal time for a financial planning conversation. Your financial advisor provides the greatest value by keeping you focused on your long-term goals, helping you manage emotions and looking for opportunities that you may not have considered.
Here are three burning questions we can help you answer now:
- Will I make it? One of the most impactful things we can do for you right now is to help you answer this all-important question. Changes to a previously agreed-upon plan can be painful even for seasoned investors, especially during market pullbacks. If you are uncertain or close to a significant goal-based event, we will help you re-assess your plans, address tough questions and navigate prudent decision-making.
- Do I have any blind spots? Now more than ever, we can serve as a sounding board offering realistic, effective, sustainable guidance to help you remain focused on the things most important to you.
- What can I do better? Market dips can present unforeseen opportunities and creative solutions. Instead of letting emotions and fear cause you to make risky decisions on your own, tap into our deep bench of resources, leverage our expertise and let us help you assess a variety of options.
Even though social distancing temporarily altered how we meet each other, state of the art technology and Raymond James’ robust resources has allowed our entire team to seamlessly continue to offer best-in-class service to you. We are only a phone call or email away and available for meetings. Connect with us.
We remain hopeful that we will continue to see economic and social restrictions ease over the coming weeks. In the meantime, rely on us to do what we do best: help people keep things in perspective, manage emotionally driven decisions, and use the current situation to your best advantage possible. April 7, 2021
By Christine Scruggs
