Arizona Bilingual News

The Best Of Two Worlds

Finance 2.0 by Kim Fernández

Now that tax season is over, have you found yourself wondering what you might be able to do to minimize taxes in the future? KimTax planning is a very important piece of your overall financial picture. Many people find that they may have a retirement account or two or more (depending upon how many places they have worked), a life insurance policy, a savings account, some credit cards, a mortgage, perhaps a loan or two and perhaps a will (or at least they have been thinking about one).

“Parts and Pieces.”
As a financial advisor, I’ve become skilled at putting all the parts and pieces of your financial life together in an organized way so as to get both an accurate picture of where you currently are and, with an understanding of your goals, providing you with a roadmap for pursuing them – a financial plan.

So through financial planning, I provide a process to:
Create financial goals and target dates for achieving them
Make recommendations for specific products and services to meet your needs
Create action steps, monitor your plan, and make adjustments as changes or life happens.

During the financial planning process I may work with other professionals:
Accountants to provide advice on federal and state tax issues.
Estate planning attorneys to give advice on your assets before and after your death.
Insurance professionals to evaluate insurance.

You are the most important member of the team. Financial planning professionals make recommendations, not decisions. You retain control over your finances. Recommendations are based on your needs, values, goals, and priorities. You decide which recommendations to follow, then work with a financial advisor to implement them.

Planning can be helpful anytime, but here are some of the events that might trigger a planning need:
You have a life event such as marriage/divorce, new baby, health problems, new job or job loss
You have a specific need such as evaluating a retirement package/offer, receiving an inheritance, or receiving an insurance settlement
Your investments haven’t performed as expected

This article is meant to be general in nature and should not be construed as financial advice related to your personal situation. Waddell & Reed does not provide legal or tax advice. Please consult a professional prior to making financial decisions. Investing involves risk and the potential to lose principal.

Kim Fernández is a Financial Advisor with Waddell & Reed and can be reached at 520.745.3090 x116 or by email at kfernandez@wradvisors.com for assistance. Waddell & Reed, Inc. Member SIPC

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