Guiding Life Changes: The Role of a Financial Advisor

Every individual experiences multiple life changes – moving from college to the professional world, getting married, having children, buying a home, or retiring. These life shifts are significant moments in your journey and may have substantial financial implications that often go unnoticed or unplanned. 

Understanding and managing these financial consequences are crucial for your pursuit of long-term financial well-being. This is where the services of an experienced financial advisor can greatly assist you and your loved ones. 

This blog will delve deeper into the following: 

  • Living with intention, regardless of your life circumstances
  • Benefits of working with a fee-only financial advisor  
  • How Triad Financial Advisors (TFA) can help you Live With Intention®

What is intentional investing? Download our latest eBook for examples of how evidence-based investing can be used in your investment strategy.

Living with intention, regardless of your life circumstances

Life changes are inevitable and come in many forms, from joyous milestones such as graduations, marriages, and the birth of a child, to more challenging events like job loss, divorce, or the death of a loved one. Each of these transitional periods brings about a change in our day-to-day lives and profound emotional, physical, and/or financial impacts. 

  • Emotionally, these transitions can stir up anxiety, excitement, grief, or hope
  • Physically, they demand changes in our daily routines, shifts in our living situations, or even challenges to our health
  • Financially, every life event carries significant implications. Whether it’s the cost of a wedding, the financial uncertainty of unemployment, or the expenses associated with a new baby, each event can substantially alter our economic landscape.

This is where living with intention becomes crucial. Rather than merely reacting to life’s changes, we can proactively prepare for them, softening their impact and harnessing their growth potential. 

Being strategic about the financial effects of life transitions means planning, saving, investing wisely, securing appropriate insurance coverages, and perhaps even redefining our spending habits. 

In this sense, living with intention does not mean we can predict or control every aspect of our future. Still, it does mean that we enter each new stage of our lives equipped with the financial resilience and agility to navigate whatever comes our way. 

This proactive approach to life’s transitions is not just about protecting ourselves; it’s also about empowering ourselves to seize new opportunities, meet challenges head-on, and make the most out of life’s inevitable changes. Learn more about TFA’s Live With Intention financial planning process

Benefits of working with a fee-only financial advisor 

Significant life milestones often come hand in hand with exhilaration, happiness, and, occasionally, financial intricacies. This is where the relevance of collaborating with a fee-only financial advisor becomes beneficial.

Fee-only financial advisors provide advice and offer their expertise to guide you through these pivotal life events. They provide financial advice tailored to your unique situation and act as fiduciaries, meaning they are legally obligated to always act in your best interest. 

When finding a Greensboro financial advisor who follows a live-with-intention approach, you must be meticulous in your selection. You want a North Carolina financial advisor who is focused not just on your assets but on your overall life goals. They should understand that financial planning isn’t merely about numbers but about supporting your vision for your life, your spouse’s life, and future generations. 

Searching for “financial advisors in Greensboro” or any specific location can reveal many choices for your review. From there, focus on their qualifications, certifications, and experience. Notable certifications to look for include CERTIFIED FINANCIAL PLANNER® (CFP®) or Chartered Financial Consultant® (ChFC®). Each designation demonstrates a commitment to ethical practices, continuous education, and the highest standards of professionalism.

Finding an advisor with experience in helping clients through life’s significant milestones is essential. This is where researching a North Carolina financial advisory firm’s background becomes essential. Don’t hesitate to ask questions about their past experiences, their approach to major life events, and how they’ve helped clients in similar situations. 

Also, inquire about their approach to financial planning. Do they provide a comprehensive service that includes estate planning, tax advice, insurance review, and retirement planning? The more holistic the approach, the better odds they’ll be able to help you navigate the financial implications of major life changes. 

This intentional approach to professional financial planning, combined with the right qualifications and experience, can provide the confidence you need to ensure that your financial advisor is a valuable ally during major life events. At TFA, we’re here to help you Live With Intention®.

How TFA Can Help You Live With Intention 

TFA prides itself on its bespoke approach to helping clients “Live with Intention.” This overarching philosophy empowers you and your family to purposefully navigate your life’s course and confidently pursue your goals. 

The first core strategy we employ to accomplish this is Financial Life Planning. Financial Life Planning moves beyond mere financial considerations; it is about identifying what truly matters to each individual and creating a roadmap to realize these ambitions. Whether it’s a career change, starting a family, or planning for retirement, TFA can help you plan, anticipate, and respond proactively to these life events.

Our comprehensive Financial Planning strategy is the second cornerstone of TFA’s service offering. Drawing on our years of expertise and best practices, we provide tailored advice on wealth management, investment options, and strategies for long-term financial stability and growth. We recognize that sound financial planning is the cornerstone of Living With Intention – it enables you to align your financial resources with your life goals, thus providing the means to fulfill your aspirations. 

Lastly, TFA emphasizes the importance of Information Planning. Living with intention is mainly about making informed choices. To facilitate this, we help ensure you have accurate and up-to-date information crucial to making wise financial and life decisions. This can include tracking events such as transfers, trades, contributions, distributions, beneficiary designations, and dates, each of which plays a vital role in planning aspects that require precision, discipline, and accuracy. 
Through this proactive approach to information planning, TFA provides clients with the knowledge and insights they need to make informed decisions about their life and financial planning, fostering an environment of purposeful living. Are you ready to Live With Intention? Connect with us for an introductory discussion.

eBook: What Can Intentional Investing Do For Me?

More about the author: John Marske

JOHN MARSKE, CFP® is a Lead Advisor at TFA. He spearheads client relationships by helping people envision and act on their retirement goals.

We’re here to help you Live With Intention.

Worried about retiring? Do you feel personally and financially ready to retire? If the answer is not a solid, Yes, then it’s time to reach out for help in setting yourself up for success.

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