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Staying on the Right Track

Staying on the Right Track

Our average client has been with us for over 20 years. We work hard to become your trusted advisor throughout all of life's changes.

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With a financial plan in place, you are now able to focus on your goals with the confidence that you are headed in the right direction. The financial planning process does not end once your plan has been created, however. There is still much to do to ensure your goals will be managed. It is important to review your plan at least once a year to make sure that it is up to date. Changes in personal circumstances or the economy may require you to modify your plan. Here are a few events that might trigger a review of your financial plan:

  • Your goals or time horizons change
  • You experience a life-changing event such as marriage, the birth of a child, health problems or a job loss
  • You have a specific or immediate financial planning need (e.g., drafting a will, managing a distribution from a retirement account, paying long-term care expenses)
  • Your income or expenses substantially increase or decrease
  • Your portfolio hasn't performed as expected
  • You're affected by changes in the economy or tax laws

Review and Revise

Over time, you may need to update your investment strategy. It is important to get in the habit of checking your portfolio at least once a year--more frequently if the market is more volatile or when there have been significant changes in your life. You may need to rebalance your portfolio to bring it back in line with your investment goals and risk tolerance. Our financial planners can help with this, as well as any other of your financial planning needs. 

Our job is not finished once we design your financial plan. When you partner with M Financial Planning Services, you can expect ongoing monitoring of your plan—including investment manager selection, tax planning strategies, planning for healthcare expenses and insurance costs. In addition, we will help make sure your plan stays on track by offering detailed reports and regular review meetings. We will collaborate with your other professional advisors like a CPA or estate planning attorney in order to help ensure that we provide you with seamless advice and a complete financial picture.

To learn more about our financial planning services, please contact us today