Recently I received a call from someone I hadn’t heard from in years. A lot had changed since we originally met! She had gotten married, made partner, and was pregnant with her third child. With all of these changes, it seemed like a great time to work on financial planning for her family. I mentioned that we work with a lot of working parents with small kids, so it’s our goal to try to help them feel more comfortable with their financial decisions.
When the three of us got together a few weeks later we caught up on everything that had changed over the last few years. And after sharing some pictures of their adorable kids we started taking inventory of their goals including:
Creating a plan to move from their city condo to a nice house in the burbs
A cash flow assessment to help answer the question “where is our money going?”
College funding for the kids while balancing their retirement
Confirming the appropriate emergency fund
Consolidation and active management of their investment accounts
We talked about what they’d done so far financially along and took a deep dive on where they’d like to be in the future. We also faced the reality of planning with the consideration of an upcoming maternity leave which like most of our clients, would include a reduction in income for a few months after the baby’s birth. Did I mention that this married couple includes two women? And does that even matter when it comes to helping them achieve their goals?
At Merino Wealth we understand that families come in all shapes and sizes. All are welcome regardless of gender or who they’re married to. We also understand the fact that this isn’t always the case when you walk into someone’s office to hire an advisor. We get it. We see you and we respect you.
CLICK HERE if you’re working with someone who doesn’t “get” YOU.
The views expressed today are my own and do not necessarily represent the views of my broker-dealer, The Investment Center, Inc. or my Registered Investment Advisor, IC Advisory Services, Inc. The information contained is derived from sources believed to be accurate. However we do not guarantee its accuracy. The information contained is for general use and it is not intended to cover all aspects of a particular matter. Neither the information presented nor any opinion expressed constitutes a representation by us or a solicitation of the purchase or sale of any securities. The information contained is not appropriate, by itself, to guide investment decisions.
All Securities Offered Through The Investment Center, Inc. Member FINRA/SIPC. Advisory Services Provided Through IC Advisory Services, Inc. – An SEC Registered Investment Advisor. Jessica Merino is a registered representative of The Investment Center, Inc. Merino Wealth Management is not affiliated with The Investment Center, Inc. or IC Advisory Services, Inc.