Regardless of your age, marital status, income or net worth, time spent planning ahead with respect to things like personal finances, savings, investments, college savings, retirement income and taxes is time very well spent. For those who don't consider themselves experts, working with a knowledgeable financial advisor can take the guesswork out of the process. A good financial advisor should guide you toward solutions, help you avoid mistakes and provide an on-going source of information and unbiased, personalized advice when you need it. Strategies, advice and priorities may differ from person to person based on a number of factors, but the benefits of planning ahead have a universally positive and powerful impact.
No financial decision will have as great an impact on a person's finances than the decision to save regularly and invest a portion of ones income, to leave this money untouched and to allow this money to compound over many years. The most common need for long-term savings is retirement, and most of us would like to reach a point where we can comfortably retire, travel, enjoy our hobbies and our families. Most of all, we don't want to face any worries about money and income. For most, income sources like social security and pensions will not be enough, and we will have to make up that shortfall through what we accumulate ourselves. Luckily, a well-thought-out periodic investment plan can result in very significant savings over time and accumulate plenty of money from which we can create additional income and provide financial security throughout retirement. Even small amounts ($200-300 per month) that may seem insignificant, when invested over long periods of time, can result in hundreds of thousands of dollars accumulated.
Whether it's in an IRA, college savings account or other account, there are literally thousands of mutual funds, exchange-traded funds, stocks and bonds available for investment. There are also dozens of potential investment strategies that can be implemented. As a registered investment advisory firm, our primary focus is understanding this universe of investment options and strategies - along with current market and economic conditions - in order to best allocate our clients' money over time to meet their investment objectives.
Please read more about our investment philosophy and style here.
As a client, your job is simply to communicate any changes in plans, goals, or other changes in financial situation to your advisor. As your financial advisor, our job is to be available for clients when questions, big financial decisions or issues arise. We need to stay informed of changes in tax laws, rules and regulations that may affect clients, to manage investment accounts, and to keep track of, carry out and periodically revisit all planning items initially discussed. For clients, there should be no need for frequent meetings, long phone discussions, or lengthy, tedious planning or record keeping.
R1 Financial Group
13154 Coit Rd., Ste. 102C
Dallas, TX 75240
Phone: (214) 628-9100