Have short-, mid- and long-term goals?

How do those goals affect your spouse, children and parents? Many people don’t realize their decisions and actions can (and will) change the dynamic of their relationships. This doesn’t mean that you can’t have extraordinary dreams and goals. It just means that you need to do more than simply grow your investments and aim for a number. You need to see things from a big picture perspective. And more importantly, you need to have your vision aligned with the people who will be a part of it.

This isn’t so easy. It requires developing a realistic picture of your current financial situation. It requires talking with you about more than just your goals – what you see, feel and hear in your future. It requires constant communication and transparency backed by experience and education. That’s why, regardless of the size of your portfolio, we strongly believe in not only providing you with a plan, but also a deeper understanding of your bigger picture.

To do that, we’ll equip you with an understanding of fundamental financial concepts you can implement today — and for the rest of your life. We’ll help you grow in a journey of both knowledge and action. Not just for you, but for those you cherish as well.

Everyone has a number in their head.

What’s that number for you? More importantly, why is it that number? And is it realistic? If it is, how do you know it's enough? Far too often, we see people think a specific number in their retirement accounts is “just right”. Then, life happens — whether it’s a loved one's health problem, a change in jobs, or simply a change in desires. The numbers rarely turn in their favor.

The last thing you want are blind spots in your plan. Determining if you’ll have enough money to meet your goals means looking at your life from more than just one angle. The INPAC Way is built to address just that. It will help design a strategy that not only fits your current personal situation, but also prepares you for the unexpected personal situations.

On average, people are living longer than any other time in history.

Living longer means sustaining yourself longer. Sustaining yourself longer means more money. Believe it or not: running out of cash is becoming a serious concern for many current retirees who thought they would have enough before their death. Their plan wasn't built to last longer than the estimated length of their lives.

Nobody wants to run out of money while they’re still alive, but this is a problem that's very common in today's world. After all, who would have expected that great health could negatively impact great wealth? To get the best of both worlds, you must prepare for the best and the worst. That’s why our plans assume you’ll live until you're at least 90-years-old.

You can help your family by providing financial support.

But sometimes, being well-intended could cause more headache and tension than no support at all, especially if not handled appropriately. One perfect example of this is taxes. Taxes can often interfere with the legacy you want to leave behind. Donating something one way could mean losing thousands of dollars to your receiver.

Another thing we’ve seen too often is miscommunication. We’ve worked with thousands of families to discover that leaving legacies behind means making sure those involved (directly and possibly indirectly) are on the same page. For example, if you have a house and three children, do they each know what will happen to that house after you’ve passed? Don’t let misinterpretation or miscommunication cause your good intentions to become emotional strains with your loved ones.

Instead, always make sure everyone is on the same page so inheritance is as smooth as it can be. You’re always welcome to bring your loved ones in to our office when working with us. After all, family financial discussions can be uncomfortable – especially if you’re discussing wills and inheritance. A third party provides a helpful and unbiased perspective.

Remember: a legacy doesn’t always mean the money you leave to your children, church, or school of choice after you’ve passed. Leaving a legacy behind could also be about what you can do TODAY – how you can help your community now while you’re still alive.

How often do parents and children have "the talk"?

You know — the talk about how money could affect those closest to you. The answer? Not many. And in return, we've seen families get torn apart from not taking the time to understand each other's issues. All it takes is smart communication to prevent this. If you want your children to know how to manage money, you need to take the time to understand why this is important to their future. This means taking complex financial concepts and making them fun and easy to understand. Most importantly, it means seeking first to understand, then to be understood.

To help your children with their financial future, our team comes with a wide range of ages to help ensure your children can have a comfortable, long-lasting relationship with their own money — and with their advisor — as they move through life.

Introduce yourself.

Learning about you is the first step to see if we’re the right fit for each other. Just schedule a free consultation by giving us a call or emailing us.