“Change is the only constant.” In life, changes can be exciting or worrisome. When changes happen consider reaching out to others and talk about it. As a financial professional, I have seen many of these changes happen to others. Some represent new opportunities while other demand immediate attention. This “five-F” system is developed to help guide you manage these changes.
People who we care the most often induce the most changes in our financial lives. Some of your family members may be your trusted custodians, trustees or beneficiaries.
Friends are family we choose for ourselves. Many close friends might also be intimately important to our financial lives. You might have designated them as guardians of your children, power of attorney, contingent trustee, or executor of your will.
FAITH / (Charity)
FITNESS / (Health)
Our state of health is vital to our financial success. Disability or illness might hinder our ability to produce an income and support our families. Major adjustments to our financial plan might be necessary.
Last but not least. Money clearly isn't everything in life but without enough it's just not a good life. Our money strategy needs to be deliberate and coherent. Our goals must be clear and precise.
This article was written by Peter Mu, CFP® ChFC®
Registered Representative and Financial Advisor of Park Avenue Securities LLC (PAS) 20 Bicentennial Circle, Suite 100, Sacramento, CA 95826 Securities products & services and advisory services offered through PAS, member FINRA, SIPC. Financial Representative, The Guardian Life Insurance Company of America (Guardian), New York, NY. PAS is an indirect, wholly-owned subsidiary of Guardian. Guardian, its subsidiaries, agents, and employees do not give tax or legal advice. You should consult your tax or legal advisor regarding your individual situation. CA insurance license 0E19513
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