Are you or one of your children typing the knot soon? For any couple heading to the altar, financial matters can emerge as a major challenge. As much as you may love each other, there’s no guarantee you’ll be on the same page about money. In fact, it’s not unusual for a “spender” and a “saver” to join together in holy matrimony, only to find out they’re at odds over finances once the honeymoon is over.
By Michael J. Searcy
As you navigate through the financial stages of your life as a physician, careful planning not only prepares you for each stage, but also helps you maximize your time in each and fulfill goals along the way. The work-life balance for a busy physician can become lopsided when your priorities are not defined. We often hear physician clients who enter retirement say, “I wish I would have spent more time focusing on the things I love along the way.” Consider these goals and action items that are important during the 5 typical financial stages of life:
By John C. Fales
The temptation to spend funds meant for another purpose can be high when your savings and investments are lumped together. When saving for education, having a “bucket” earmarked specifically for that purpose can get you started on funding educational needs and a 529 Plan may be a powerful tool on your savings journey.
As we near the end of our 40th year in business, we wanted to leave you with this open letter. We sent this letter to our clients at the beginning of our anniversary year, and wanted to recap the year by sharing it with you as a thank you for helping us celebrate and continue to impact the lives of those around us.
Dear Friends,
Over the years, we have met with you at kitchen tables, living rooms, and multiple offices across the country as you have shared successes, failures, joys and sorrows with us. More recently, we have also connected via conference calls, FaceTime and computer screen-share video meetings. My, how things have evolved over the 40 years Searcy Financial has been in business! We couldn’t have grown into the company we are today without your faith in our ability to listen, problem-solve and provide sound advice for each of your unique situations. We enjoy every opportunity we get to stand where you stand, learn about your lives, and help you plan to make a difference. We do not take our relationships for granted and we never stop striving to improve in order to honor our commitment to you and your families. Our future is dedicated to you…
Should Retirees Be Worried?
Market volatility is an historic inevitability; as a long-term investor, you are likely to experience years of volatile or negative portfolio growth. If volatility coincides with your retirement, you might be worried about how it may affect your savings and income.
Covering topics including personal and financial goals, financial freedom (retirement) planning, estate and asset conservation, insurance and tax needs to deliver a financial plan to help you acquire, grow and preserve your wealth.
Discussing investment strategies to acquire, grow and preserve wealth, risk, investment goals, asset allocation and portfolio management (which includes securities selection, trading, performance monitoring and responding to changes in the markets and the economy.)
Discussing topics of concern to physicians and medical professionals, including debt management, contract negotiations, asset protection, succession planning for your practice, insurance needs, and other professional and financial challenges.
Multi-generational families face financial concerns coming from different viewpoints and backgrounds, inclduing wealth transfer, family foundation planning, and continuity while addressing emotional and psychological perspectives of family members.
We help you identify your specific retirement goals and develop a plan and strategy that can help you achieve them.
By understanding what a successful retirement plan looks like to you and your company, we will help you assess your goals to keep your retirement plan on track to benefit your business and employees. The heavy-lifting of the plan management becomes our responsibility, leaving you free to focus on the management of your business.
We are committed to quality, support, and ethical business practices so that our Overland Park firm will be your choice for financial advisement.
Searcy Financial helps clients choose an appropriate claiming strategy while addressing life changes, such as divorce and its effect on Social Security.
Addressing the issues and confusion associated with giving care to individuals with special needs, including understanding the prognosis, financial planning, navigating Special Needs Trusts, and asset protection.
Discussing books, new and old, and why we find them valuable.
Discussing issues related to engagements, marriage, divorce and remarriage.
