It may not be your favorite thing to do, but you (hopefully) schedule a checkup with your health professionals at least once a year. Even if nothing is wrong, you know it’s a wise move to check for any potential problems and make sure you’re on track towards a healthy lifestyle.
Can the same thing be said about your finances?
If you’ve asked “why is a financial checkup important?”, and if you’re wondering if you need one or curious about what it entails, we have some points for you to consider:
Resolve any potential problems
Problems such as increased spending or a loss of income can throw a wrench in your financial goals, especially with anything involving retirement. It’s possible that you may not even notice some of these potential snafus.
Why is a financial checkup important? A big reason is that it’s a chance to nip any issues in the bud before they become larger problems.
Review any changing goals
As you already know, plenty can change within a year. When it comes to your finances, shifting goals, such as having a child, buying a home, moving, and countless others can greatly impact your financial road map. By reviewing these new goals with your financial advisors, you have a chance to proactively adjust your portfolio and plan ways to reach them.
Reassurance about your investments
Especially in times of heightened market volatility, it can be reassuring to meet with your financial advisor and see if you’re still on track to meet your financial goals. You can rest easy by reviewing your goals and game plan.
Do you have an advisor to check in with?
At LexION Capital, our initial meeting with clients is just the beginning of our process. Our fiduciary advisors are more than happy to check in with you anytime of the year, whether it’s a financial checkup or to discuss anything that’s changed in your financial life. Don’t hesitate to contact us to learn more about our services today.
