2019: A Fresh Financial Perspective
For many, a new year means a fresh opportunity to evaluate long term financial goals. Though three months into the new year, it’s never too late to make good on financial resolutions.
Oftentimes it’s a new marriage, a new baby, or a job change that prompts people to evaluate their financial planning, but starting now can make a huge difference in the long term.
Thrivent Financial Associate Nate Heeg shares top tools that can help establish financial security, and how a financial professional can help.
“I can help you navigate what you need, now,” he said. “Maybe your salary was fine, but now you have a house and two kids, and now you have land or a business. How are you addressing this?”
He recommends speaking with a financial advisor about:
-Term life insurance
-ROTH IRA
-Savings Account
“A lot of people think they don’t need to talk to a financial professional about these things, but I am here to help you. That is the core of what I do,” said Heeg. “For example, I am amazed at people who don’t have a savings account started and haven’t considered life insurance. Those two things can change your life. You’ve maybe been putting it off…now is the time to get your finances figured out.”
Heeg said that many people are hesitant to speak with an expert because they feel like they’ll be pressured into something. Others seek advice via the Internet, which is often incomplete.
“The website doesn’t know your situation. They can’t have a personal discussion with you to really figure out what you need,” he said. “Certain things are great online – researching which headphones to buy or which hotel to book – but when talking about your life, financial protection, and your family’s goals, you should be talking to somebody in-person.”
An hour with a financial professional can make a lifelong difference and having that person call with questions can be invaluable.
“People say they don’t have time, but what it comes down to is ‘Are you prioritizing this or not?'” said Heeg. “Is protecting your family a priority? If it is, let’s talk about it. It doesn’t take long.”
He added that many people aren’t sure what they have financially and rely solely on their employer to take care of any long-term financial planning.
“If you’re not quite sure what you have at work for you, we’ll have a discussion and figure it out. If you rely on your corporate benefits, what happens if you leave that job? What is your plan if you need to move? Do you have what you think you have? We can help with all of that,” he said.
“People rely too much on what they think they have. They don’t want to think about it,” he added. “But, a quick conversation can give you a sense of reassurance. What is reassurance worth? There’s no harm in digging into it and making sure your coverage is good.”
Author: News Desk
This piece was posted by our news team! Contact us or submit stories at [email protected].
