{"id":12180,"date":"2021-12-20T11:00:40","date_gmt":"2021-12-20T17:00:40","guid":{"rendered":"https:\/\/johnsonwim.com\/?p=12180"},"modified":"2021-12-20T11:00:41","modified_gmt":"2021-12-20T17:00:41","slug":"how-often-should-you-meet-with-your-iowa-fiduciary-in-2022","status":"publish","type":"post","link":"https:\/\/johnsonwim.com\/how-often-should-you-meet-with-your-iowa-fiduciary-in-2022","title":{"rendered":"How Often Should You Meet with Your Iowa Fiduciary in 2022?"},"content":{"rendered":"\n
Hard as it may be to believe, we have just eleven days left in 2021. Now is a good time to check in with your finances and plan any changes you might want to make next year with your trusted Fiduciary. In addition to striking the appropriate balance for you and your personal situation with your advisor, there are certain times when meetings are essential.<\/strong><\/p>\n\n\n\n What is the ideal frequency with which advisors and clients should meet? Quarterly? Semi-Annually? Annually? And how often should advisors call clients? What about texting? At Johnson Wealth Income Management, our advisors will give you peace of mind when it comes to communicating to you the risks that you are taking and how that may impact your portfolio. <\/p>\n\n\n\n It\u2019s important to note that these factors can vary widely from client to client, as there\u2019s no one-size-fits-all when it comes to financial planning. It’s essential to meet regularly with your Fiduciary to ensure you preserve the capital you need when growing your wealth in the long run. Here\u2019s what you need to know.<\/p>\n\n\n\n It\u2019s important to remember that although you hire your Fiduciary as a professional to perform a specific task, your level of satisfaction will be largely based on the relationship you develop. With all relationships, expectations and communication play key roles. Many investors are busy, and some might find in-person meetings burdensome. Others feel the need to be more involved and, perhaps, reassured with more regular interactions. As mentioned above, there’s no one generic strategy for financial planning. <\/p>\n\n\n\n In addition to finding the appropriate meeting balance for you with your advisor, there are certain times when meetings are crucial. You should meet with your Fiduciary at least once a year to reassess basics such as budget, taxes and investment performance<\/a>. This is the time to discuss whether you feel you are on the right track, and if there is something you could be doing better to increase your net worth in the coming 12 months.<\/p>\n\n\n\n When you\u2019re creating or making a major change to your estate plan, you should meet with your Iowa Fiduciary to make sure those plans fit in with your financial planning strategy and can help ensure your estate plan is proceeding in the right direction.<\/p>\n\n\n\n By far the most unfortunate common estate planning mistake for Iowans is not having an estate plan at all. One thing that\u2019s unfortunately inevitable is that no one can escape death. However, thoughtful and careful planning for what may occur after your death is one of the most important financial steps to undertake. This is mainly to ensure your personal and financial affairs will be handled properly when the inevitable circumstances occur.<\/p>\n\n\n\n Effective estate planning can help you to manage your affairs during your lifetime and control the distribution of your wealth after death. An effective estate strategy can spell out your healthcare wishes and help ensure that they\u2019re carried out \u2013 even if you are unable to communicate. It can even designate someone to manage your financial affairs should you be unable to do so.<\/p>\n\n\n\nAnnual Meeting<\/strong><\/h4>\n\n\n\n
Estate Planning<\/strong><\/h4>\n\n\n\n
Life Event Reassessment<\/strong><\/h4>\n\n\n\n