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Three Life Milestones When You Should Call Your Advisor

Three Life Milestones When You Should Call Your Advisor

April 07, 2017

You really can’t understate the value of a financial advisor to help you handle your everyday money concerns and plan for your future. But at the same time, there are milestone life events that can dramatically alter your financial situation, or at the very least, cause you to rethink your current strategy. Financial advisors have the experience to walk you through these milestones and help you make the best decisions. What are some of these events that can make or break your financial life?

Your Job Situation Changes

Whether it’s the loss of a job, a promotion, or starting a new career, you will benefit from the guidance of a wealth advisor. You will need to make decisions about what to do with current 401(k)s, tax planning, stock options, and how the change in income will affect your financial goals. An advisor can also walk you through your new benefits package and help set you up for success in your new season of life.

You Experience A Life-Changing Illness

It doesn’t matter where you are in life, a serious diagnosis can turn your life upside-down. In an HSBC survey, 78% of people surveyed stated that a critical illness is one of the most financially damaging events in life. 

If you or your spouse are suddenly facing a life-changing illness, you may be forced to draw from savings to cover expenses. You may also be required to retire earlier than planned, which changes your retirement income forecast. While you or your spouse is battling a life-changing illness, you don’t want to be wasting your precious time and energy on the financial stress this type of event can bring. Your wealth advisor has the knowledge and experience to help you with long-term care options, estate planning, and income planning and can ensure that life insurance and disability insurance paperwork is up-to-date.

You Draw Closer To Retirement Age

No matter what the state of your retirement savings are at this point, this is when you need to get serious about meeting with a financial advisor to hash out the nitty gritty details of Social Security, withdrawal rates, Medicare, and more. Retirement is complicated, so don’t try to handle the intricacies alone.

A financial advisor has knowledge and experience with each of these milestones and their financial repercussions. Take advantage of this so that these milestones only enhance your life instead of derail it. At Hansch Financial Group, we want to partner with you through life’s changes and set up for success regardless of what happens. If you have experienced one of these milestones or have one coming up in the near future, contact us today at 858-350-4350 or 949 661-5225. We look forward to hearing from you.

About Hansch Financial Group

Hansch Financial Group is a fee-based financial services firm led by brothers David K. Hansch, CFP®, CRPC® and W. John Hansch, MBA. As Values-Based Financial Planners™, David and John focus on intertwining a client’s values and personal goals into a personalized financial roadmap. Through this holistic approach, they seek to help clients improve their long-term financial success and reach their desired destination. With offices in San Diego and Orange County, they serve clients locally in Southern California, as well as remotely throughout the country. To learn more, visit