March has a little bit of everything. International Women’s Day was March 8^th. Day Light Savings was on the 13th; hopefully you adjusted well. If you have a school-aged child or you are a numbers nerd like us you know that the 14th is Pi Day. Of course, the 17th is St. Patrick’s Day. The 20th brings us the Vernal Equinox, the 27th is Easter Sunday, and the 28th is Discount Easter Candy Day. If you take a moment to look ahead in March to plan your calendar you are sure to have a variety of activates.

 

March is also a time to check back in with some of those resolutions you made in January. Perhaps you committed to creating and adhering to a spending plan? You might have intended to increase retirement savings. Or, maybe it was a matter of getting your taxes done by April this year. Whatever it is, March is a time to check-in with the plans you made in January and with your financial advisor.

 

Importance of Meeting with Your Advisor

 

Scheduling a regular appointment with your advisor is like scheduling a dentist appointment. Your advisor might have reached out and you know you should probably check-in, but it's just such a pain to carve out time and it may not be entirely clear why it’s good practice.

 

Your finances, much like your teeth and gums, are permanent fixtures in your life. Finances don’t go away and without regular attention you run the risk of things getting out of balance and outdated. A regular check-in with your advisor isn’t limited to a review of your feelings concerning risk and the portfolio’s performance, it also provides for a conversation concerning any changes in your life such as employment status, health, or family. The opportunity to have this discussion allows for adjustments to your investment account, consideration for changes in tax situation, a review of beneficiary designation, and to consider insurance coverage.

 

Often times my visits to the dentist remind me that flossing is important and I recommit to doing it every day... until I get off track. A regular meeting with your advisor can provide the same kind of reminder to adjust the contributions to your retirement account savings, get your will updated, or recommit to your spending plan. Just like the dentist, if you are on a regular schedule with your advisor, issues can sometimes be anticipated and mitigated.

 

Feel free to use this LINK to schedule a review meeting.

 

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