Early Working Years
WISCONSIN WEALTH ADVISORS
Establishing Good Financial Habits
Even if you have limited experience in managing finances, it is never too early to begin thinking about and establishing a solid foundation for your financial future. Taking the first steps can seem daunting, but we can help guide you to create healthy financial habits at an early age to prepare you for your life as it evolves. We feel strongly that you should enjoy life as you go, as well as prepare for retirement.
Setting goals and developing a financial plan are important, and at Wisconsin Wealth Advisors we know the things you should be paying attention to at each stage in life.
Life Planning
for Individuals and families in their early working years
1. Financial Position
- Complete your first financial & net worth statement
- Establish a budget
- Develop a student loan repayment plan
- Buy a home
- Build an emergency fund and good credit
2. Investment Plan
- Start saving for retirement – make it routine
- Develop a Financial Plan
- Start a “Fun Money” investment account
- Establish a college savings plan
3. Risk Management
- Review life insurance**
- Review disability income insurance**
- Conduct annual credit checks
- Reconcile bank and credit card accounts
4. Establish Estate Planning
- Establish beneficiary designations for insurance & retirement accounts
- Power of attorney and health care directive in place*
- Consider a will, especially with life changing events*
5. Tax Planning
- Implement appropriate tax advantaged accounts*
- Work with your tax preparer*
*WISCONSIN WEALTH ADVISORS, LLC IS NOT AN ATTORNEY OR TAX PREPARER AND WE DO NOT OFFER THESE SERVICES. WE WILL PARTNER WITH YOUR ATTORNEY AND TAX PROFESSIONAL. REFERRALS UPON REQUEST.
**LIFE, DISABILITY, LONG-TERM CARE AND FINAL EXPENSE BURIAL TRUST INSURANCE POLICIES ARE AVAILABLE THROUGH CHRIS SWENSON.
**LIFE, DISABILITY, LONG-TERM CARE AND FINAL EXPENSE BURIAL TRUST INSURANCE POLICIES ARE AVAILABLE THROUGH CHRIS SWENSON.
Life Planning
for Individuals and families in their early working years
1. Financial Position
- Complete your first financial & net worth statement
- Establish a budget
- Develop a student loan repayment plan
- Buy a home
- Build an emergency fund and good credit
2. Investment Plan
- Start saving for retirement – make it routine
- Develop a Financial Plan
- “Fun Money” Investment Account
- College Savings Plan
3. Risk Management
- Life insurance**
- Disability Income Insurance**
- Annual credit checks
- Reconcile bank and credit card accounts
4. Establish Estate Planning
- Establish beneficiary designations for insurance & retirement accounts
- Power of attorney and health care directive in place*
- Consider a will, especially with life changing events*
5. Tax Planning
- Implement appropriate tax advantaged accounts*
- Work with your tax preparer*
*WISCONSIN WEALTH ADVISORS, LLC IS NOT AN ATTORNEY OR TAX PREPARER AND WE DO NOT OFFER THESE SERVICES. WE WILL PARTNER WITH YOUR ATTORNEY AND TAX PROFESSIONAL. REFERRALS UPON REQUEST.
**LIFE, DISABILITY, LONG-TERM CARE AND FINAL EXPENSE BURIAL TRUST INSURANCE POLICY ARE AVAILABLE THROUGH CHRIS SWENSON.
**LIFE, DISABILITY, LONG-TERM CARE AND FINAL EXPENSE BURIAL TRUST INSURANCE POLICY ARE AVAILABLE THROUGH CHRIS SWENSON.
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