Independent Women
These are three high level action items that are quite common for women in this demographic. Additional services may be necessary depending on the need of the client.
- Determine your financial goals
- Prioritize each goal as either a need, want, or wish.
- Determine the probability of success based on spending goals, expected expenses, taxes, inflation, and investment growth.
Investment Strategy
- Determine your investment comfort zone.
- Recommend investment strategies consistent with your goals.
- Consolidate accounts, investment holdings, and simplify tax reporting documents.
Insurance Needs/Risk Management
- Determine an appropriate amount of life insurance and type of life insurance.
- Consider the effect of long-term care costs and the possibility of transferring the risk to an insurance company.
- Review homeowner’s and auto policies to determine if an Umbrella Policy is needed for additional coverage