The Key Points:
The only certainty in life is that we have no idea what tomorrow will bring. Even the best-laid plans can change in an instant, but a well-constructed financial plan will ease the burden during these life events.
In this episode, we’re spending some time with BA Schrock’s Colleen LeMasters, CFP® to share our process for helping and assisting clients when the face these significant changes that disrupt life and retirement. This is a conversation that we can approach from multiple angles so we’ve broken it out into two parts. In this part one, we’re going to talk about these life changes from a non-retirement perspective.
A few of the scenarios we’ll cover in this episode are the death of a spouse, divorce, and changing jobs. Each of these are highly emotional and have huge effects on our finances.
No matter what you’re going through, getting help will always make things easier. Big or small, rely on your advisor to help you in the midst of these stressful events. Our Unlock process begins with understanding what the client wants and diving deeper into what they need, and we’re happy to be a sounding board if you need it.
Here’s some of what you’ll learn on this episode:
- Dealing with the loss of a spouse. (1:17)
- Replacing lost income if something were to happen to you. (4:00)
- How we can help someone going through the divorce process. (7:05)
- What you should think about when you change jobs. (9:49)
- No life change is too big or too small to ask for help. (13:48)
If you have any questions, please reach out to us at https://www.baschrock-fg.com/ or give us a call at 330-473-1060