As we start another year, it’s a good time to reflect on what has happened during the previous year. It’s also the time of year where we often shift our attention to what our goals/resolutions will be for the new year.
One of the most overlooked goals that should be accomplished is an annual review of your financial situation. The annual review is one of the most important steps in the financial planning process. People often focus much of their energy on “putting the perfect plan in place.” In these uncertain times, monitoring your current financial plan can be as important as getting your annual physical. When it comes to your financial situation, it never hurts to get a second opinion.
During the annual financial review, many objectives should be addressed. These objectives should be considered in the context of your individual financial situation and should be evaluated and prioritized as to what is appropriate for you, as an investor. Potential annual review objectives include:
• Reaffirming investment goals.
• Assessing your relative position to those goals.
• Making sure you understand and are comfortable with your investment advisor and the program they have in place.
• Determinining if any adjustments are necessary to assure you are on track to achieve your goals.
• Identifying new needs based on changes in your individual situation or changes in your personal goals/direction.
If it has been a while since you have conducted a full review of your financial situation, please call 1-866-739-7064 to set up an appointment with a Founders Investment Services advisor. If you currently use a financial advisor outside of Founders Investment Services, consider scheduling an appointment with us to receive a complimentary second opinion.
Securities and investment advisory services offered through Cetera Advisor Networks, LLC, Member FINRA/SIPC - Founders Federal Credit Union, Founders Financial Group, LLC and Founders Insurance Services are not affiliated with Cetera. Investment Services is a department of Founders Federal Credit Union. Registered Sales Branches are located at 607 N. Main Street, Lancaster, SC 29720; 1290 Old Springdale Road, Rock Hill, SC 29730; 100 Springcrest Drive, Fort Mill, SC 29715; 1307 Boiling Springs Road, Spartanburg, SC 29303.
Not NCUA Insured - No Credit Union Guarantee - May Lose Value - Not Deposits - Not Insured by any Federal Government Agency.
This article was written by C. David Tolson, III with Founders Investment Services. It was published in Founders FCU Transaction Newletter (January 2013).