Not long ago I received a Twitter message asking “Justin, what happens in a typical quarterly business planning meeting?” Today I’m giving you a little insight into just such a meeting I had recently. While I can’t go into tons of detail due to confidentiality issues, I can tell you about a meeting I had with one of my clients – a first-generation business owner.
I hear from clients every day, and many of them ask me, “Hey, Justin. Should my investment strategies change if…..” And the “if” at the end of their question could be “if I’m retiring soon.” It may be “if I’m spending a fortune on my kids’ college education.” Or more importantly in my line of business, I hear, “if I’m selling my business soon.” Well, that all depends on you, friend. It all depends…
Let’s face it – the job you are working at today, may not be the job you are working at tomorrow. On average people change jobs 12 times over the course of their career. Many times, when they leave they often leave their 401(k) too. However, doing that is not an avenue I would suggest most of the time. Recently a friend of mine experienced this exact transition. Here is a little about how our conversation went.
Financial advisors are a dime a dozen these days. That’s why it is so important to hire someone you can trust. Financial plans can be simple or complicated; working with the right person can ensure you will know what you are doing and why. While there may be more than one way to do something, there is likely a right way to do it that is specific to you.