Danielle Page, CFP®’s Post

Your financial journey is personal—shouldn't your advice be, too? https://lnkd.in/e27dgGch

In today's politically charged environment, it's tempting to let your beliefs sway your investment choices. But history reminds us to draw a clear line between politics and portfolios. Here's why: 𝗠𝗮𝗿𝗸𝗲𝘁𝘀 𝗗𝗼𝗻'𝘁 𝗣𝗹𝗮𝘆 𝗣𝗼𝗹𝗶𝘁𝗶𝗰𝘀: Whether under Democratic or Republican leadership, market growth is driven more by global economic events and innovations than by politics. 𝗣𝗿𝗲𝗱𝗶𝗰𝘁𝗶𝗻𝗴 𝗣𝗼𝗹𝗶𝘁𝗶𝗰𝘀 𝗶𝘀 𝗮 𝗚𝗮𝗺𝗯𝗹𝗲: Even a party with a clear agenda can't guarantee every policy's execution, and unforeseen events can change the course overnight. 𝗞𝗲𝗲𝗽 𝗘𝗺𝗼𝘁𝗶𝗼𝗻𝘀 𝗶𝗻 𝗖𝗵𝗲𝗰𝗸: Political-based investing can lead to impulsive decisions, potentially missing out on valuable opportunities. 𝗗𝗶𝘃𝗲𝗿𝘀𝗶𝗳𝘆 𝗳𝗼𝗿 𝗦𝘁𝗮𝗯𝗶𝗹𝗶𝘁𝘆: A balanced portfolio, spanning sectors and regions, protects against the unpredictability of politics and economies. 𝗦𝘁𝗮𝘆 𝘁𝗵𝗲 𝗖𝗼𝘂𝗿𝘀𝗲: While political events might cause short-term jitters, they often have transient effects in the long run. 𝗘𝘅𝗽𝗲𝗿𝗶𝗲𝗻𝗰𝗲 𝗢𝘃𝗲𝗿 𝗘𝗺𝗼𝘁𝗶𝗼𝗻𝘀: Partnering with a financial advisor gives you unbiased, objective advice that aligns with your financial goals, not political sentiments. Prioritize sound financial strategies over political biases. When uncertain, seeking experienced advice can be invaluable. https://lnkd.in/eEV-j_8m

Medicare Open Enrollment is here! Now's the time to review your healthcare coverage and make sure it fits your needs for the upcoming year. Whether it's updating your plan or exploring new options, take advantage of this opportunity before the deadline.

Medicare Open Enrollment is here! Now's the time to review your healthcare coverage and make sure it fits your needs for the upcoming year. Whether it's updating your plan or exploring new options, take advantage of this opportunity before the deadline.

Keep your financial plan on track and finish out the year strong! This involves: 1. Set Clear Goals: Define and work towards specific financial objectives. 2. Evaluate Investments: Review and adjust your portfolio as needed. 3. Consult Professionals: Get advice from financial advisors to refine your strategy.

We cannot think of a better time to discuss the importance of financial literacy, education, and planning for the future, especially in the context of the great wealth transfer. 📚 With more than $84 trillion expected to change hands over the next two decades, educating the next generation on financial management and responsibility is crucial. ✨ Here are a few things to keep in mind when trying to foster financial values in your family: Create a personal financial mission statement with your family. This could be about pursuing financial literacy or focusing on charitable giving. 📝 Schedule regular family meetings to discuss values and financial goals. 💬 Teach financial literacy to your children. This can include showing your children how to save money, distinguishing between needs and wants, or overviewing basic financial principles such as budgeting, credit, or even investment strategies. 📊 By prioritizing financial education and planning, we can help prepare future generations to manage their wealth responsibly and carry on their family's financial legacy. 📆

Time constraints, complexity of compensation packages, and high expectations can all be factors leading you to push your financial planning aside. Working with a financial team helps to make sure your finances are taken care of while you focus on leading your company. Here are four ways our team helps executives like you: - Identify areas where we can help you optimize your compensation package - Perform scenario-based planning - Develop partnerships for a comprehensive view and strategic approach - Create actionable planning strategies that are tailored to your unique needs and goals

Discussing finances with aging parents is challenging but essential. By opening up the money conversation, you improve their chances for financial security and prevent all-too-common misunderstandings. Consider these four techniques for broaching the conversation: 1. Segue from a broader topic This approach starts by finding common ground, such as discussing recent market conditions or rising healthcare costs. This can naturally lead to conversations about the health of their investments and any concerns they might have about their retirement savings. 2. Inquire about their financial advisor Emphasize that you work closely with your advisor and that you're curious how they like theirs. This gives you a chance to gauge the depth of relationship, frequency of contact, and trust in recommendations. 3. Blame it on your financial advisor If bringing up the topic feels too personal, you can use your financial advisor as a reason for the conversation. This can take away some of the discomfort. After all, most financial advisors agree that family financial discussions are a good thing. 4. Inquire about the handling of their estate. You may end up playing a very direct role in executing their estate. If that's the case, you have a vested interest in things being well thought-out and coordinated.

Compound interest might sound complex, but it's simply earning interest on your interest. Over time, these small gains snowball, leading to significant growth. Start early, contribute regularly, reinvest earnings, and choose the right investments to harness this powerful financial tool.

This is about giving yourself options. Whether it's cuddly companions on four legs or a house full of little ones, we can help you build a financial future that empowers your dream family, whatever that may look like!