(678) 971-1337

Access Your Account Online
☰ Menu
Planning & Economy

Women’s Newsletter: Taking Control

July 3rd, 2017

Women’s Newsletter: Taking control

When I speak of “taking control” I’m talking about knowledge, understanding and agreement. When it comes to your money and your finances being in control is about knowing what you have and why, understanding the financial objective and being in agreement with your advisors on how your interests are being handled. How do you obtain that kind of control? Here are my thoughts:

Knowledge: The old adage of “knowledge is power” speaks for itself. Ask yourself these questions:

  1. What do I spend on a monthly basis and what do I spend it on?
  2. How much am I really saving in my retirement plan?
  3. What debt do I have, what interest rates and what’s my plan to pay it off?
  4. What insurance do I have and why?
  5. We believe that getting a handle on the different aspects of your financial life will help you make clear and rational decisions down the road.

Understanding: Why are you doing what you are doing and why do you have what you have? Knowing the reasoning and objectives of your financial life is important.

  1. Does your monthly spending surprise you? Are there adjustments to be made?
  2. Is your debt structured to fit your family’s goals?
  3. What is your savings plan for your retirement plan – are you saving enough and in the correct investments to meet your retirement goals?
  4. Do your investments fit and meet your family’s overall short term and long term goals?
  5. Is your current insurance applicable to your current financial life?
  6. Do you have a Will? What happens to your assets and/or kids if something happens to you?
  7. Asking yourself these questions and reviewing these topics may help you adjust your financial life to things that are a priority to you and your family.

Agreement: Being in agreement with your significant other and on the same page as your professional advisors is critical. Be sure your concerns, goals and beliefs are heard, documented and recognized.

  1. The first step to being in agreement is having the conversation and being involved in all of the professional advisor meetings
  2. Don’t be shy to speak about your fears, or your goals

I’m sure there are other ways to gain and maintain control of your financial life, but these are a good start. Our Family Wealth Planning process https://www.dominguezandjones.com/wealth-management/  takes folks through this process and allows them to think about their priorities and make adjustments as they need. If there’s anything I can do for you please let me know.

 

Christina Jones

Financial Planner

CERTIFIED FINANCIAL PLANNER™

 

Securities offered through Raymond James Financial Services, In., Member FINRA/SIPC.  Investment advisory services offered through Raymond James Financial Services Advisors, Inc. Dominguez & Jones Wealth Management Group is not a registered broker/dealer, and is independent of Raymond James Financial Services. Raymond James financial advisors may only conduct business with residents of the states and/or jurisdications for which they are propertly registered.  Therefore, a response to a request for information may be delayed.  Please note that not all of the investments and services mentioned are available in every state.  Investors outside of the United States are subject to securities and tax regulations within their application jurisdications that are not addressed on this site.  Contact your local Raymond James office for information and availability. Links are being provided for information purposes only.  Raymond James is not affiliated with and does not endorse, authorize or sponsor any of the listed websites or their respective sponsors.  Raymond James is not responsible for the content of any website or the collection or use of information regarding any website's users and/or members.
Click Here to view the Raymond James Corporate Privacy Notice.