The best wealth management plan has nothing to do with “outside forces” beyond your control, but rather everything to do with what’s most important to you. Instead of feeling overwhelmed by the supposed complexity surrounding financial decisions, a straightforward wealth management plan can bring clarity and peace of mind about which strategies will work best for your particular situation.
Behind the scenes, a wealth management plan does involve number crunching and various strategies to implement. However, it should summarize this data into a document that represents;
Similar to stock markets, no one can predict what will happen in the future. Life events such as a new baby, death in the family, or a medical issue can derail the best-laid plans. Therefore, it is critical to not only be flexible when it comes to wealth planning but also in life planning as well.
By doing the tedious but critical everyday steps that lead to a financially healthy life such as maintaining a high savings rate, paying down debt, avoiding credit card debt, and preserving a high credit score, you can have the financial and personal flexibility you may need when life throws you a curveball.
Here are some of the critical aspects to keep top of mind when managing through an unexpected planning situation;
When life transitions and decisions happen, how do you go about making the right or best decision at the time? Do you go with your gut, do your own analysis, or talk to as many people as you can, which often can lead to overwhelming and bad decisions because people have their own biases just like you?
I have used the term Family Office to describe what TAMMA is and how I help to serve individuals and families in these very situations. TAMMA is here for;
My definition of Family Office means offering wealth planning, portfolio management, and tax preparation/planning in a holistic manner that serves you best.
But just as important, Family Office means that you have a trusted partner to help you make the big decisions when major and minor life transitions happen. Knowing that you have someone that you can talk to and rely upon for unbiased advice that is truly in the best interest of you and your family.
We get you. We understand your challenges of raising strong, independent children, building a business or career, preparing for your future, balancing work and life. We have a devotion to planning finances and life transitions for families like you because we are you.
What I have found in helping people over the past 20 years is that clients put the most value and emphasis on having peace of mind.
People want to know that they have someone on their team who is always looking out for their best interest, which can be relied upon in a crisis or time of need. Helping to provide clients with peace of mind is the most rewarding part of what I do at TAMMA.