Prepare or Repair
Life transitions. Some we know are coming. Some we try to avoid. Many are surprises. We wish most to be joyful. All of them are impactful.
In the last month I hit a few transitions. One that was a surprise… health wise getting shingles as a 39-year-old. Really? I’m all good now. One I knew was coming… my oldest about to enter high school. And the last I wanted to avoid… turning 40.
You Have to be Ready
Research has concluded that the average person will have 60 life events or transitions in the course of their life. If married, that number increases with a spouse’s events to be encountered. Most people and sadly many financial advisors are much more reactive than proactive when dealing with these 60 life transitions. Reactive or Proactive… Which would you rather be?
“It is better to prepare for life transitions, than repair”
-Mitch Anthony (credit quote and research)
My career as a CERTIFIED FINANCIAL PLANNER™ professional is one that I love and truly feel I have been called to. I know am making a difference in the lives of my clients. I pray daily for wisdom to foresee events in my clients’ lives and provide good counsel. Life events also often pop up and surprise. For example, who gets married planning for a divorce, or who knows when a job loss will occur or the passing of a loved one? The timing of such events are often surprises but the preparation for “if they happen” is usually rather simple and even just a little preparation is better than none.
Have a Plan
My favorite part of my job is discussing what really matters to clients, the goals related to this and how can we help prepare and plan. Each financial plan is different, each is fluid to adjust with life’s surprise transitions and each plan helps clients to be proactive and prepared.
If you have questions on the plans you have already made, have had a recent surprise transition or wonder what transition might unknowingly lurk ahead of you? Shoot me an email or call. I would be privileged to assist.
Below is a longer list of many life transitions.
Luke Fields, CFP®
luke.fields@raymondjames.com
614-431-4310 x113
Graduate HS
Choosing a College, Career
Marriage
Arrival of a baby
Multiple Children
Parenting Decisions
Changing Careers
Buy or Sell a Business
Buying a home or large item
Job Loss
Travel
Charitable Giving
Financial Freedom (aka others call “Retirement”)
Empty Nest
Volunteering
Helping with grandkids
Taking care of parents
Illness or Health Event
Death of a loved one
Inheritance
About Stewardship Cents
Stewardship Cents exists to Educate and Enhance the financial wisdom of all who read it. Everyone needs to be wise with what has been entrusted to them and stewardship is a belief of responsible overseeing and protecting those resources. Luke Fields is Partner of Foley & Foley Wealth Strategies, an Independent Practice, that has been based in Worthington, Ohio since 1981. A graduate from The Max M. Fisher College of Business at The Ohio State University, Luke is a CERTIFIED FINANCIAL PLANNER™, holding his Series 7, 66 and Ohio Life, Health and Variable Annuity Insurance licenses. He resides in Columbus, OH with his high school sweetheart, Beth and their three children. Luke is an active member of his church, serving in leadership and finances. Follow additional insights and connect on LinkedIn, Facebook, his blog or Twitter. You can always reach him with comments or questions at: luke.fields@raymondjames.com.
Securities offered through Raymond James Financial Services, Inc. Member FINRA/SIPC
Investment advisory services offered through Raymond James Financial Services Advisors, Inc. and Sterling Financial Group, LLC. Foley and Foley Wealth Strategies and Sterling Financial Group, LLC are not registered broker/dealers and are independent of Raymond James Financial Services.
Certified Financial Planner Board of Standards, Inc. owns the certification marks CFP®, CERTIFIED FINANCIAL PLANNER™, CFP® (with plaque design) and CFP® (with flame design) in the U.S., which it awards to individuals who successfully complete the CFP Board’s initial and ongoing certification requirements.
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Any opinions are those of Luke Fields and not necessarily those of Raymond James. The foregoing information has been obtained from sources considered to be reliable, but we do not guarantee that it is accurate or complete. Expressions of opinion are as of this date and are subject to change without notice.
Certified Financial Planner Board of Standards Inc. owns the certification marks CFP®, CERTIFIED FINANCIAL PLANNER™, CFP® (with plaque design) and CFP® (with flame design) in the U.S., which it awards to individuals who successfully complete CFP Board's initial and ongoing certification requirements.