25 Ways We Help Clients Build Better Relationships with Their Money
5.) We stay up to date on industry changes (SECURE Act, etc.) and discuss the relevant impacts when we meet with clients.
We don’t know if you’ve noticed, but the governing bodies of our democratic republic seem to change majority-party every 2-4 years. This results in a nearly constant sea of changes to important laws that govern our ability to have health insurance and save for retirement.
The financial planners at Arrivity stay abreast of these changes by closely following retirement-related laws, by being members of financial planning organizations where these topics are discussed, and by taking Continuing Education courses to stay current.
If you have specific benefits that may be impacted by bills, statutes, codes or regulations – please feel free to ask your Arrivity financial planner about them during your meeting.
A good example of recent laws impacting many peoples retirement plans is the Windfall Elimination Provision (“WEP”) and Government Pension Offset (“GPO”) bill that repealed these provisions of social security – when we discuss these benefits (or potential lack of benefits) with clients, we can decide to run different retirement modelling scenarios that include and do not include certain benefits so we can plan or at least consider alternative worst-case scenarios and plan around these anxiety-inducing unknowns.
Please contact us at: Contact Arrivity or 206.217.2583 or info@arrivity.com if we can assist you or someone you know with financial planning.
Content provided herein is for informational purposes only and should not be used or construed as investment advice or a recommendation regarding the purchase or sale of any security. There is no guarantee that the statements, opinions or forecasts provided herein will prove to be correct. Past performance may not be indicative of future results. Indices are not available for direct investment. Any investor who attempts to mimic the performance of an index would incur fees and expenses which would reduce returns. Securities investing involves risk, including the potential for loss of principal. There is no assurance that any investment plan or strategy will be successful.