Now that Labor Day’s passed, summer is officially over and it’s time to head back to school. But it’s not all for the kids sometimes. We’re big on education funding around Merino Wealth so this time of year can be really exciting as we see clients move forward with the goals we’ve been planning for. One thing I’ve noticed is that many of our clients hitting 10-15 years in the workforce are making moves. It’s like we hit this point where we look back at our hard work and decide we want more. In some cases, that means going back to school to earn an advanced degree. It could mean changing industries or positions. At times, it includes taking a break from work to travel or spend time with family. In extreme cases, it may involve starting your own financial planning firm in a large metropolitan area.
When we help clients with these types of transitions, it’s essential to have a plan in place. Heading back to school or making a significant career change leads to many questions.
Do I take out student loans or use my savings to cover tuition?
How will taking time out of the workforce impact my retirement goal?
Will moving out of state for a new job put a dent in our savings?
And of course, there’s always, Can I afford this?
Whether you’re looking to earn a full-time MBA or start a business, it’s important to ask these questions well in advance. Putting a plan in place, even if it’s just a passing thought, at least opens up a window to making your dream a reality. The more prepared you are, the more choices you’ll give yourself. Your plan could include minimizing expenses, building up additional liquid savings, paying off debt or all of the above!
The views expressed today are my own and do not necessarily represent the views of my broker-dealer, The Investment Center, Inc. or my Registered Investment Advisor, IC Advisory Services, Inc. The information contained is derived from sources believed to be accurate. However, we do not guarantee its accuracy. The information contained is for general use and it is not intended to cover all aspects of a particular matter. Neither the information presented nor any opinion expressed constitutes a representation by us or a solicitation of the purchase or sale of any securities. The information contained is not appropriate, by itself, to guide investment decisions.
All Securities Offered Through The Investment Center, Inc. Member FINRA/SIPC. Advisory Services Provided Through IC Advisory Services, Inc. – An SEC Registered Investment Advisor. Jessica Merino is a registered representative of The Investment Center, Inc. Merino Wealth Management is not affiliated with The Investment Center, Inc. or IC Advisory Services, Inc.