We hope that you are enjoying your summer! It’s our favorite time to relax and take advantage of the slower pace, so we know the last thing you probably want to do is think about financial planning. We’re not suggesting that you ruin your summer fun, but we are suggesting that you set some time aside, perhaps in early September, to schedule a checkpoint meeting with us. Just like having a yearly physical exam to stay healthy (don’t worry, we don’t check your cholesterol), it’s a good idea to make sure that we regularly meet to discuss any changes in your life and realign on your financial goals, if needed. Even if you decide not to change anything in your plan, you’ll know that you’re on the right path to achieving the financial freedom you’ve been striving for. Plus, it’s a great time to schedule a visit as we’re now reviewing plans and incorporating all 7 steps of our financial planning process, Freedom7.
If you’ve been reading our features in The Heron over the last couple of months, you may have learned about Riskalyze and Everplans, both innovative online tools and an integral part of our Freedom7 process. This month, we’re featuring three additional steps in our process, including the Financial Inventory Assessment and the Personal Net Worth and Budget Summaries. Although they may not have the appeal of the online tools, we can’t stress how important these steps are in assessing your present financial situation and establishing a foundation for the future. I encourage you to read about the steps in our feature article and if you haven’t been in for an appointment recently, we would love to help you figure out where you are today in an effort to create a better tomorrow.
Go ahead, enjoy the rest of the summer! As always, we’re here for you and want nothing more than for you to succeed. We encourage you to set up your appointment now for after your summer fun, so we can begin to incorporate all the Freedom7 features into your financial plan. Please don’t hesitate to refer family or friends if you think that they can benefit from meeting with us. For an appointment, please call 301.595.8600.
We hope to see you soon!
To read the article on PFG Financial Inventory Assessment and Personal Net Worth and Budget Summaries, click here. To learn more about Freedom7, click here.
Todd M. Wike, CFP®
CERTIFIED FINANCIAL PLANNER™
Managing Partner, Potomac Financial Group
2018 RJFS Chairman’s Council Member*
The information contained in this material does not purport to be a complete description of the securities, markets, or developments referred to in this material. The information has been obtained from sources considered to be reliable, but we do not guarantee that the foregoing material is accurate or complete. Any opinions are those of Todd Wike and not necessarily those of Raymond James. Expressions of opinion are as of this date and are subject to change without notice. There is no guarantee that these statements, opinions or forecasts provided herein will prove to be correct. Investing involves risk and you may incur a profit or loss regardless of strategy selected. Keep in mind that individuals cannot invest directly in any index, and index performance does not include transaction costs or other fees, which will affect actual investment performance. Individual investor’s results will vary. Past performance does not guarantee future results. Future investment performance cannot be guaranteed, investment yields will fluctuate with market conditions. Raymond James is not affiliated with and does not endorse the services or opinions of the various podcasts or applications discussed in this material. Chairman’s Council Membership is based on prior fiscal year production. Re-qualification is required annually.