In life, transitions are inevitable. Whether it is becoming suddenly single, the daunting prospect of navigating life without a steady paycheck—either planned or unplanned—or the unexpected windfall of an inheritance, these pivotal moments can leave even the most financially savvy individuals feeling adrift. How you manage these moments can have a significant impact on your finances.
Sally Putnam, CFP® CDFA®, with NOW Financial (NowFinancialAZ.com), has found purpose in aiding individuals through life’s difficult transitions. She understands the common threads that bind these disparate experiences. From the heartache of losing a spouse to the anxiety of uncertain financial futures, each journey is unique yet undeniably interconnected.
Above all, it’s essential to understand your financial needs.
Knowing your monthly expenses lays the foundations for informed decision-making and provides a sense of control in uncertain times. At the same time, evaluation of your savings and investments is important. Do you understand how your investments work? Do they fit your personal style? Are they meeting your needs? These are all critical things to consider.
Financial literacy is only one piece of the puzzle. It is equally important to find professionals who not only comprehend your financial goals, but also empathize with your fears and concerns. Whether that’s deciphering complex tax codes or maximizing your entitled benefits, a knowledgeable and compassionate advisor can provide invaluable guidance and peace of mind.
Navigating these transitions may seem overwhelming but you need not journey alone. If choosing a financial professional, search for those who seek to understand your financial well-being and understand your unique needs. Seek professionals with expertise, transparency, and a commitment to always act in your best interest. Look for credentials that align with your needs, such as a CERTIFIED FINANCIAL PLANNERTM professional, Certified Divorce Financial Analyst® practitioner, Certified Public Accountant, or Enrolled Agent for tax help.
In times of transition, remember that vulnerability is not a sign of weakness but rather a catalyst for growth. Embrace the opportunity to seek assistance from those who understand your needs and champion your financial well-being. Together, you should be able to navigate life’s transitions with resilience, grace, and support.
Sally Putnam offers Securities through Osaic Wealth Inc., member FINRA/SIPC. Investment advisory services offered through The AmeriFlex Group®. Osaic Wealth is separately owned and other entities and/or marketing names, products or services referenced here are independent of Osaic Wealth. Please visit NowFinancialAZ.com for more information.