Read the Latest Articles
  • Northeast Wisconsin
  • June 2018
Written by 

A changing life leads to changing finances — Make sure you’re up to date

For most of us, checkups are a regular part of life. Dental visits, auto maintenance appointments and even glances in the bathroom mirror all help us monitor performance, catch potential problems and assure us that all is — or will be — well.

What’s true of teeth, engines and grooming is also true of finances: regular checkups are recommended. Why? Changes both great and small affect the strategies people have developed to help achieve their financial goals. Unfortunately, too many people act as though once their financial program is in place their work is done. But this isn’t the case.

As a general rule, it is recommended you review your financial program at least once each year. Certain life changes — the birth or adoption of a child, a change in marital status (married, divorced or widowed), the death of a family member or changes to your health — should serve as reminders that a financial tuneup is in order.

Other changes in personal economics can also have a huge impact on financial programs. These may include shifts in employment status or salary (e.g. loss of job or a pay cut/freeze), home ownership changes, significant changes in total assets or debt, the receipt of an inheritance and tax law changes that can all make previous strategies obsolete.

If you have a do-it-yourself mentality, a number of print and electronic resources exist to help you monitor your finances on a regular basis. However, most can benefit from the knowledge, experience and insight that financial services professionals can offer.

Qualified financial professionals can help people evaluate their present financial strategies and stay current on new laws, regulations, products and economic developments. Even more important, financial professionals can challenge the unrealistic assumptions that people may have and help them overcome money management’s greatest threat: procrastination.

To live is to experience change. How and when change will appear is impossible to predict, but a financial checkup is one sure way to help your financial objectives — and your sense of financial confidence — keep pace with all that occurs. 

Daniel Voss

This article was prepared by Thrivent Financial for use by representative Dan Voss. He has offices at 4321 N Ballard Road in Appleton and can also be reached at [email protected] or 920-628-5500.

Insurance products issued or offered by Thrivent Financial, the marketing name for Thrivent Financial for Lutherans, Appleton, WI. Not all products are available in all states. Securities and investment advisory services are offered through Thrivent Investment Management Inc., 625 Fourth Ave. S., Minneapolis, MN 55415, a FINRA and SIPC member and a wholly owned subsidiary of Thrivent. Thrivent Financial representatives are registered representatives of Thrivent Investment Management Inc. They are also licensed insurance agents/producers of Thrivent. For additional important information, visit Thrivent.com/disclosures. If requested, a Thrivent Financial representative may contact you and financial solutions, including insurance, may be solicited.

Guarantees are backed by the financial strength and claims paying ability of Thrivent Financial for Lutherans.

About Thrivent Financial

Thrivent Financial is a financial services organization that helps Christians be wise with money and live generously. As a membership organization, it offers its more than 2.3 million member-owners a broad range of products, services and guidance from financial representatives nationwide. For more than a century it has helped members make wise money choices that reflect their values while providing them opportunities to demonstrate their generosity where they live, work and worship. For more information, visit Thrivent.com/why. You can also find us on Facebook and Twitter.

Website: Thrivent.com
Subscribe Today
Community Partners Directory
Find a Complimentary Copy
Community Calendar