Your Life, Your Needs
Life Goals | Life Events | Life Stages
Whatever your circumstances, whatever your plans or goals, your Financial Sources team can help. Here are just a few of the issues we help our clients with every day. If you see yourself below, come see us!
I'm about to retire. I've been paying attention and saving conscientiously. But, now that the time is drawing near, I'm not as confident as I thought I'd be. Should I pull my money out of the market? How can I best ensure that I won't run out of money? Are CDs a good bet? Read more >>
I'm already retired. These years are as golden as I expected... or maybe not. Should I start taking Social Security now, or wait a few more years? What can I expect my expenses to be over the next decades? Read more >>
Life Events
I'm about to retire. I've been paying attention and saving conscientiously. But, now that the time is drawing near, I'm not as confident as I thought I'd be. Should I pull my money out of the market? How can I best ensure that I won't run out of money? Are CDs a good bet? Read more >>
I'm already retired. These years are as golden as I expected... or maybe not. Should I start taking Social Security now, or wait a few more years? What can I expect my expenses to be over the next decades? Read more >>
I am newly widowed. After losing a spouse, things are tough enough without having to worry about financial issues. How does this change my estate planning? My tax profile? What about our IRAs, 401(k)s, and pensions? Am I entitled to Social Security? Read more >>
I'm newly divorced. There's no denying that the greatest cost is the emotional well-being of the family, but there are also financial concerns. How will our property be divided? Will child support or alimony be an issue? What happens to our 401(k)s or IRAs? What's my new tax status? Read more >>
I'm afraid of losing my job, or already have. What can I do to prepare? How much should I put aside? What about my 401k or 403b? Is there a way to make penalty-fee withdrawals? What are the best ways to prepare for potential unemployment? Read more >>
Life Stages
Over the years, we've found that, regardless of age, questions about the financial complexities of the modern world abound.
I'm in my 20s. What kinds of insurance should I have-- health insurance, life insurance, disability insurance, etc. --and how much of each? Why is my take-home pay so much less than my salary? Should I be saving for retirement already? If so, how much should I be setting aside? What's a safe amount of debt? Is all debt-- credit card debt, student loans, auto loans, etc.-- the same? How do I make a budget? How much should I have set aside as an emergency fund? Read more >>
I'm in my 30s. Should I pay down my mortgage as fast as possible? Is it OK to carry credit-card debt? What's more important: Saving for retirement, or saving for college? How should I diversify my investments? How much life insurance should I have on myself, my spouse, and my kids? Is it time for me to draw up my will? Does my spouse need one too? Read more >>
I'm in my 40s. What if I'm only starting my financial planning now? Am I on track with my college and retirement goals? Do I need to accelerate my savings? What's a smart investment mix for my situation? Who should I name as my beneficiaries? Do I need powers of attorney and a living will? If I change jobs, what should I do with my 401(k)? IRAs: Roth or Traditional? Read more >>
I'm in my 50s. Am I on track with my retirement goals? Do I need to accelerate my savings? Is my portfolio too aggressive? Not aggressive enough? Since the kids have moved out and our mortgage payments are no longer a challenge, should I reduce my life insurance coverage? Given my health, how much longer am I likely to work (and live)? Is it time to start thinking about my estate planning? Should we downsize during (or before) retirement?Read more >>
I'm in my 60s. Should I take Social Security early or late? Should I plan a specific retirement date? What are my options for withdrawing from my retirement savings? Do I want to (or need to) continue to work? What will my expenses be like during retirement? Will Medicare cover all of my medical expenses? How should I realign my portfolio? How can I consolidate and simplify my finances? Should I consider an annuity? Is Long Term Care insurance appropriate?Read more >>
I'm in my 70s or older. Will I outlive my savings? When and how much am I required to withdraw? How often should I rebalance my investments? How often should I review my will? My estate plan? My budget? My insurance profile? Does it make sense to covert my traditional IRA to a Roth? Read more >>