Rubach wealth look at financial affairs - 2017.02.20

It’s February and for many it’s time for some honest self-reflection.

  • Do you consider yourself generally successful in your career?
  • Do you lead a busy life?
  • Do you ever worry about whether your financial affairs are all in order?
  • Are you unsure what kind of insurance you have and how much coverage you have under each policy?
  • Have you put off tackling important matters (e.g. creating a will) because they’re daunting or too time consuming?

If you answered yes to most or all of these questions, you’re not alone. Many of our clients at Rubach Wealth are professionals and entrepreneurs who enjoy great success in their respective fields, but struggle to find the time and mental energy to sort out their finances.

We all know the importance of things like planning for retirement, carrying life insurance and having a valid will. But if you’re busy running a business or performing surgery, dealing with these matters tends to take a back seat.

Rubach wealth look at financial affairs - 2017.02.20

Seeing the big picture

We understand this struggle to make financial planning a priority. A common challenge is not having a clear understanding of what you have, what you need and how it all fits together.

A key part of our role is to remove these obstacles and ease your burden. It’s fine if you don’t have the time to dive into the nitty-gritty of tax-efficient investment structures or options for critical illness coverage. But it’s not ok to simply avoid dealing with it all.

We work closely with our clients to understand their personal situation and unique needs. Once we have a deep understanding of where you are and where you’re headed, we tailor a strategy to support you on your journey, which we update as your needs and goals evolve.

Preparing for the unexpected

Why does having a strategy and ticking all the boxes of a comprehensive financial plan matter? Because life has a tendency to throw some curves in the road when we least expect them. Putting off important financial decisions or legal planning is a gamble, and when the financial security and well-being of your family is at stake, this is not a good time to roll the dice.

When working with clients to develop a comprehensive financial plan, we provide them with a binder containing details about every element of their plan. From information about wills and executors to details about insurance coverage and the banks you deal with, this binder keeps your financial affairs organized and at your fingertips.

The value of this is two-fold. First, it helps you and us to see at a glance everything that is currently in place and identify gaps to be addressed. No more digging through old emails or filing cabinets to figure out whether you actually have disability insurance.

Second, the binder will serve as a valuable resource upon your death (remember the honest self-reflection – we all must acknowledge our own mortality). Too often, surviving family members are forced to comb through their loved one’s records to piece together an understanding of their financial affairs. We simplify this process so that family members can focus on grieving.

Working as a team

Honest self-reflection includes recognizing when your efforts are not meeting your needs, and when you need to seek help from others. If you would like help tackling the daunting or time-consuming financial affairs in your life, contact us today for a discussion about whether we might be a good fit for working with you as a team.

By building a relationship based on trust and common objectives, we can ease your load and ensure that your financial affairs are in order, allowing you to focus on the aspects of your life and career that are most important to you. Contact us.

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