We all face life events that excite and challenge us, whether it’s marriage, birth of a child or grandchild, job loss, retirement, illness, divorce or death of a loved one. How many of these have you faced in your own lifetime? These life events often come with great emotion – happiness, excitement, stress, anger, anxiety, and relief are some of the common emotions we see in our work with clients experiencing life’s transitions. These emotions can be especially intense when the life event happens unexpectedly.

At the same time, all of these life events come with financial implications. For example, a new marriage raises questions about how household finances will be combined. With the joy of a new baby comes the worry of, ‘how will we manage our monthly expenses on a reduced income?’ A job loss also comes with many financial decisions that need to be made on a timely basis. Worse yet, the very time an individual needs to make these important financial and personal decisions, can be the most difficult time to make them. For that reason, it is often a good idea to seek out professional financial advice that is independent and objective. This is where a fee-only financial planner can help. Working with a fee-only financial planner will ensure that informed decisions are being made, not emotional ones. Even if the life event is a welcome one, reviewing the financial implications or just getting a second opinion, will ensure peace of mind, knowing that all potential issues and opportunities have been addressed. Over the next few blogs, we’ll be sharing with you the types of issues and considerations that come with the following life events:

1) Job Loss
2) Divorce
3) Death
4) Birth of a Child
5) Marriage
6) Retirement

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