When to Meet with Your Financial Planner

When to Meet with Your Financial Planner

Kyle Swaim
TB Group LLC


Everyone’s life is unique. But an anthropologist from outer space, landing among us, would be justified in reporting back that the vast majority of human lives go through predictable stages. These stages can signify when to meet with your financial planner.


Most adult human beings

    • find a career
    • choose a mate
    • take on debt
    • build assets, often including the purchase of a home or car
    • start families
    • change a career or start a business
    • retire from work
    • find ways to occupy themselves in retirement.


Life Stages

The struggles, crises, and triumphs embodied in these life stages are the raw material of human art and literature. But to your financial planner, they are something else as well. They are cues that it is time to meet with you.


You may already have the habit of meeting with your financial planner on a regular basis (say, annually or quarterly). But when you enter a new stage of life, you don’t need to wait for the next scheduled meeting.


When to Meet with Your Financial Planner

Here are some of the life changes that should trigger a call to your financial planner:


    • Changes to your family. Are you getting married? Pregnant? Getting divorced? Moving house? Have you had a death in the family? A birth? Call your financial planner.


    • Changes to your work or livelihood. Are you changing jobs? Getting laid off? Getting promoted? Being head-hunted? Call your financial planner.


    • Changes in your financial status. Have you come into an inheritance? Received an oversized tax refund? Won the Nobel Prize? Suffered a substantial financial loss? Call your financial planner.


    • Changes in your indebtedness. Are you buying a car? A house? Starting a business? Has the government wiped out your student loan? Call your financial planner.


Any big change in your life can can dramatically affect your progress in achieving your goals, not to mention the effects on your taxes, savings, investments, or household budget. The time to manage those effects is at or before the beginning of the change, rather than when you’re in the middle of managing it.


Do You Need a Financial Planner?

All of this presumes, of course, that you have a financial planner. If you don’t, you should consider getting one. I described the financial planning process in a previous blog post. The important thing to know about it is that it will help you achieve your long-term goals.


It can be difficult to focus on what you want out of life and even more difficult to stay the course once you know. If you’re like most people, you’re awash in opportunities and information — from friends, family members, co-workers, and even dodgy influencers on the internet. Why not engage someone who will focus on you and your unique life? A trusted source of advice and guidance can help you avoid costly mistakes as well as seize lucrative opportunities. But most of all, a financial planner can help you achieve what you want out of life without detours and distractions. 


At TB Group, we believe your financial plan is an expression of who you are and who you want to be. We take the time to know you and your vision of your future. Click here to set up your consultation with us.


Photo: “Business Planning in Office” by Mizuno K via Pexels.

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