This time of year, we are especially focused on gratitude. We wanted to take the time to share with you what we’re grateful for. Working with a financial advisor requires you to be vulnerable about all the personal aspects of your life. So, thank you for trusting us to create your financial roadmap.
It may sound silly, but incorporating gratitude into your financial plan can not only help you make a positive impact in your life but the lives of others as well. Being grateful for what we have can lead us to a more fulfilling life.
Let’s share how gratitude can help manage your money.
Provide Confidence
When we create our financial roadmaps, we don’t want anyone worrying about running out of money. We often have clients express their gratitude and confidence their customized roadmap provides them and their families. Our plans account for people living longer to help ensure money lasts longer. As experienced financial advisors with a unique approach, our clients are confident we will be there to support and help adjust their financial roadmaps through every milestone in their lives.
Fulfillment in Your Finances
Practicing thankfulness in your life can lead to greater contentment for what you have. Feeling good about what you already have means you’re more likely to stick to a budget and less likely to fill a hole in your life by buying things you don’t need. With a grateful mindset, you’re more likely to set goals and work toward them. Goal-setting is how we begin our process. We find out what’s important to you and your family, and it’s the first step to feeling confident in your financial future. Then we help create a roadmap to reach those goals. Our hope is to help you recognize what you are truly thankful for in life.
Charitable Giving
With gratitude in our hearts, we’re more likely to leverage wealth and positively impact the lives of others. Gratitude shows up in our financial roadmaps as charitable donations. A common charitable donation is making a tax-free contribution to a grandchild’s 529 education savings plan. Many clients also make a tax-free year-end cash contribution or donation of securities such as shares of stock or even property. And while we’re in the season of giving, don’t forget about giving yourself a lasting tax-advantaged gift through a 401(k) or similar qualified plan. If you’re 50 or over, you are eligible for catch-up contributions in your 401(k) or IRA. Those 50 and older can save up to $26,000 in a 401(k) and up to $7,000 in an IRA in 2021.
Final Thoughts
Financial decisions can be overwhelming. We are passionate about sharing our knowledge and expertise with each of our clients to help them understand every aspect of their financial roadmap. If you have questions or need assistance creating your customized financial roadmap, contact our office today.
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Warm wishes to you and your family.
Happy Thanksgiving!