Name: Summer Financial Planning Conversations by M Advisor
Duration: 7 min 28 s
Description: The summer often provides a bit slower routine, which allows us time and capacity to consider what's important in our lives. In financial planning, understanding the kind of life you want to live is a great accomplishment. With some self-awareness, you can prioritize meaningful planning objectives and filter those that aren't.

The summer often provides a bit slower routine, which allows us time and capacity to consider what's important in our lives. In financial planning, understanding the kind of life you want to live is a great accomplishment. With some self-awareness, you can prioritize meaningful planning objectives and filter those that aren't.

Summer Financial Planning Conversations

Understanding how the concept of sunk costs impacts your decision-making can be a valuable tool for improving your life. Identifying this concept can be effective, not only in your financial life, but in nearly every aspect of your well-being.

Sunk Costs

Learn what "per Stirpes" means, and how it can have a lasting impact on your beneficiaries.

Per Stirpes Beneficiary Election

Establishing a family trust or a revocable trust is an important step in a financial plan, but unless the trust is funded properly, it can be a near worthless endeavor. Learn the importance of funding a trust and how to do it. 

Funding a Trust

How are hobbies connected to your financial plan? Are they actually that important?

Hobbies

The memories we give our kids and grandkids provide them with the lens they'll use to view their inheritance - or any gift, for that matter. Vacations are just one of many ways to create memories that shape our lives. Let's explore the impact of taking time for vacations and how this shapes our legacy. 

Legacy and Vacations

When the market goes down, what financial planning tasks help with the bigger picture? Knowing your budget, cash needs, and making sure you have the right amount of insurance are all critical components of a financial plan that's experiencing a reduction in asset valuation.
Additional Resources:
https://www.m-advisor.com/blog/financial-planning-for-savers-in-a-down-market-image

Financial Planning in a Down Market

With the springtime weather upon us, thunderstorms can intrude on our finances by damaging our houses. During storm season, it's important to understand how our homeowner's insurance policy works if our house gets hit by a storm. The wind & hail deductible is included in all our homeowner's policies, and it is often misunderstood.

Wind & Hail Deductible

When the market declines, what are some good investment responses? How do market fundamentals work in a down market? What should we do with our investments when the market declines? 

Investing in a Down Market

Time horizon is generally defined as the period of time for which a specific investment account will stay invested before being utilized. Many times, an investment isn't allowed to enjoy its full time horizon due to our own behavior with our money. Adjusting your view for a much larger time horizon, and adjusting it for all of your assets might provide a different perspective on your life and legacy goals. 

Time Horizon Adjustment

Financial Planning for Millennial Physicians, Dentists, Executives, and Business Owners.

Registered Representative: Securities offered through Cambridge Investment Research, Inc., a Broker/Dealer, Member FINRA-SIPC. Investment Advisor Representative: Cambridge Investment Research Advisors, Inc. a Registered Investment Advisor. M Advisor is not an affiliate of Cambridge Investment Research.

Summer Financial Planning Conversations

M Advisor

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