Financial Health Check: Article

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Determining When It’s Time to Schedule A Financial Health Check

Just like scheduling your annual physical with your doctor, regular reviews with your Financial Advisor to discuss your financial situation is an important component of successful financial management. What a ‘regular review’ means to you is something you and your Mill City Investment Services Financial Advisor determine together based upon your needs.

Here are 3 quick questions to consider when determining if you should see your Financial Advisor for a review:

  • Has my financial situation changed?
  • Have you had life changes such as retirement, marriage, children, divorce, inheritances or unexpected events?
  • Has it been an extended period of time since you reviewed your financial situation with a Financial Advisor?

It is important to remember that our lives are seldom static. Change (often unexpected) is the one constant that we have in our lifetime. It is important that the changes we face are addressed as your plans may need to be adjusted to reflect your new situation.

A financial health check also provides you with the opportunity to measure your progress towards goals that you have established with your Advisor. This can deepen the relationship that you have while reaffirming the goals and objectives guiding the current program. Remember, meeting your long-term goals is more important than chasing the performance of an investment index or individual investment.

If you answer yes to any of these questions, you should schedule a Financial Health Check to review your accounts and overall financial situation. Two seasoned Advisors with Mill City Investment Services Financial Advisors are located at Mill City a Division of City & County Credit Union. They are here to work with you, our members.

To schedule a conversation, please contact Mary Almlie at 763-764-6911 to set an appointment with Tom Walker, ChFC or Sandy Lange at 763-764-6945 to set an appointment with Brad Palmersheim.

All investing involves risk, including the possible loss of principal. There is no assurance that any investment strategy will be successful. Securities and investment advisory services offered through Cetera Advisor Networks LLC, member FINRA/SIPC. Cetera is under separate ownership from any other named entity. Neither Cetera Advisor Networks, LLC, nor any of its representatives may give legal advice. Investments are: Not NCUSIF insured, may lose value, not financial institution guaranteed, not a deposit, and not insured by any federal Agency.