Posts Tagged ‘Financial’

Why Your Retirement Plan Needs a “Checkup”

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Let’s face it, your annual physical may not be your idea of a good time. However, regular visits to a GP can help you assess your health, review what’s happening in your life, and guide you in making healthy choices and lifestyle changes with the goal of being as healthy as possible.

What about the health of your Retirement Plan? Can the same principles for physical checkups hold true? We think so. Here are some reasons why.

Why a check-up is necessary

Sometimes underlying medical conditions are not always evident. Similarly, your retirement plan may have some flaws that you’re not aware of. Just as early diagnosis of a medical condition can even be reversible with proper treatment, a professional assessment of your retirement plan can help pinpoint areas of concern that can be tweaked and/or revised to ensure you stay on track and reach your retirement goal.

Navigating the winds of change

Good or bad, life changes equal stress. As bad as stress can be for our health, it can also wreak havoc on your financial plan. For example, while starting a family, purchasing a home or moving are all exciting milestones, they could bring financial repercussions you may not be aware of. A financial advisor can help you navigate the road of change and prepare you for the effects to your retirement plan.

Expect the unexpected

Just as an unexpected event like an accident, natural disaster or sudden allergy can affect our health, unexpected changes in tax laws, interest rates and the housing market can all have an impact on your retirement plan. A financial professional is up-to-date with these changes and can keep you in the know. Being supported through these changes can go a long way in helping you move forward.

Search engine overload

So, we’ve all done it. Had a physical symptom and “Googled” our diagnosis only to find an overwhelming sea of information. Admittedly, search engines are great tools, but following advice on the Internet is not without risk. How many hours have you spent researching the best retirement strategies? Is it current information? What if you miss something important? Financial professionals have the software, publications and experience necessary to guide you through this information age with a minimal investment of your time and energy.

Whether it’s physical or financial health, we believe that “prevention is the best medicine”. We would be happy to sit down with you to assess the overall health of your retirement plan, review what’s happening in your life, and assist you to make the right choices to ensure your financial plan is on track. A little investment of your time and energy now can reap great rewards later. Call us today!

Do You Need a Financial Advisor?

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Costco, Superstore and Wal-Mart have got us used to the efficiency and convenience of one stop shopping. However, should this same concept be applied to your financial needs? Not necessarily.

At Scarrow Yurman & Co. we do our best to attend to the tax needs of our clients. We go beyond simply fulfilling their legal obligations and are proud to provide advice for buying and selling businesses, corporate restructuring, estate and succession planning and even retirement planning.

However, depending on the complexity of the situation or the scope of business, we feel that a “one-size-fits-all” approach is not always in the best interest of our clients. That’s why there are situations where we encourage our clients to expand their financial team to include a Financial Advisor. Having a broader support group with complementary financial services can help move a client in the right direction and give them peace of mind.

Types of Financial Advisors
Bank Financial Advisors
Financial Coaches
Financial Planners
Insurance Advisors
Investment Advisors
Mutual Fund Representatives
Stock Brokers (Investment Representatives)

Recently, we have become aware that some of our clients would like to know more about financial planning strategies including portfolio management, stocks and life insurance. We also realize that there is a sea of financial advisors out there and we want to ensure that our clients find the right fit for their unique personal and business needs. Therefore, if you are not sure you require a Financial Advisor, or would like us to recommend one, please contact us today.

Let’s get your questions answered together.

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