A partner for helping you manage significant life events.
The individuals and families we serve all face challenging circumstances at one time or another in their lives – but with us by their side, they don’t have to face them alone. While it may be your first time dealing with the financial ramifications of an important life event, we want you to know that we are highly experienced in helping you successfully navigate the challenges at hand.
Guiding you through the death of a spouse
Losing a loved one has major financial implications – precisely at a time of great emotional stress. In addition to working through shock and grief, there are often medical bills and funeral expenses to pay and a new reality of lower household income. We can guide you through the many decisions that need to be made regarding these issues and others such as life insurance proceeds, Social Security and the retitling of financial accounts.
Navigating the financial landscape of a career change
Before you leave your old employer, we recommend pulling together all balances of your workplace retirement and savings plans. Whether your job change is planned or unplanned, we’ll spend time with you to assess how the new realities of your employment affect your retirement plan.
Helping you care for an elderly parent
Caring for someone who once cared for you is quite a role reversal, but an important and compassionate role nonetheless – and preparation is key. We recommend creating a complete list of their assets, liabilities and income sources, including the location of important documents. Also, consider long-term care insurance to provide funds needed to pay for specialized care. Check if your employer offers a flexible spending account for elder care and make sure legal documents are in place that will allow you to take over their financial affairs if they become incapacitated.
Welcoming a new addition to the family
A new child, or grandchild, is certainly a joyous occasion, however you must also prepare for different economic realities. These can include increased household expenses and the need for essentials such as health insurance for your child, and disability and life insurance for you. You should also consider creating an estate plan that designates someone to take care of your child if you are no longer able, adding your child as a beneficiary to your IRA, 401(k) and life insurance policy, and setting up a college savings plan, such as a 529 plan, to begin funding a college education.