Financial Advice: What Do I Do Now?
At this point in time the “no news is good news” adage has taken on a whole new meaning. A day without hearing another bank has gone under, or another company expects large lay offs, or another company needs a government bail out, seems a little less bleak.
Then you get your 401(k) statement or your investment summary for the month, the notice that the balloon payment on the house arrives, you stop to fill up your car, a quick stop at the grocery store, a visit to the doctors for something you thought was minor, and the clouds come rolling back in.
The questions that have to be going through everyone’s minds now are things such as:
- How are we going to make it through these turbulent times?
- How do we protect our remaining assets?
- Will we ever be able to afford to retire?
- If something were to happen to us would our loved ones be taken care of?
So what do you do now?
There are several things you can do now and you don’t have to be wealthy to start a plan to protect yourself and your family. To begin with:
- Ask for guidance: The financial services professionals at Moreton Financial Solutions (MFS) can help you formulate strategies to address pressing financial issues.
- Cover all the bases: Do you have a will? Do you need a power of attorney or a trust? Do you have a plan?
- Reduce any financial leverage you have, begin saving
- Set priorities
Please call Richard Tanner or Scott Ulbrich if you have questions.
Ric Tanner: 801-715-7074, rtanner@moreton.com
Scott Ulbrich: 801-715-7032, sulbrich@moreton.com