A Financial Plan Is a Living Document


Creating a financial plan that you are committed to can be a way to help gain peace of mind in your finances while you’re still living, and for your loved ones after you’re gone.  It can take time and effort to organize and prepare a financial plan that meets your needs.

How often should you revise your plan? The easy answer is this: whenever there’s a major change in your life circumstances — a birth or a death, a promotion or the loss of a job, when substantial, unexpected bills pop up, during stock or real estate market swings that may impact your portfolio. Even without those major events, an annual review is a good idea. It’s important to check your status and progress toward your long-term goals. Wide divergences from your plan may mean you need to save more, devote more of your income to other needs or goals, or change your asset allocation strategy.

We prioritize being available to our clients for questions or concerns any time of the year they pop up. One of the most important services we offer is an annual review for clients.  They can be as surface-level or intensive as you need.  We’re here to help.


Copyright © 2019 This article is published in its original form from its original publication with Investment Answers and Integrated Concepts, a separate, non-affiliated business entity. The original newsletter publication, Investment Answers Financial Success Fall 2019, is intended to offer factual and up-to-date information on the subjects discussed but should not be regarded as a complete, evolving, or personalized analysis of the topics, and should not be construed as personalized investment advice. Qualified financial professionals should be consulted before implementing a personalized financial plan. Please reference the original publication for additional disclaimers.

Investment Answers Winter 2020 News


With the turning of the decade, many important changes for inherited IRAs have gone into effect.  As of January 1, 2020, the SECURE Act (Setting Every Community Up for Retirement Act of 2019) has gone into effect.

This Congressionally approved bill is intended to: 1) Help reduce the costs associated with setting up retirement plans for small employers, 2) Increase access to lifetime income options (annuities) inside of retirement accounts, 3) Make significant changes to the Required Minimum Distribution (RMD) requirements of IRAs, and 4) Make changes to the IRA contribution restrictions allowing for continued contributions beyond age 70 1/2.

This new law has the potential, according to the Congressional Research Service, to increase tax revenue by $15.7 billion dollars just in Federal tax revenue, not to mention State tax revenues for Inheritance and Income taxes.

Because this is the largest retirement planning bill since the Pension Act of 2006, we will be utilizing our presentations and published content as ways to get as much information to you as possible to help you better understand how these changes can impact your accounts, your beneficiaries, and the retirement planning adjustments you may need to make.

Please consider joining us for our State of the Markets events in March where this will be addressed in detail.  We will also reference some key points from the SECURE Act during our February and March Social Security presentations and in our Empowering Women Investors events.