They key to financial success later in life is a solid foundation of planning and making the right decisions with your money now. We love to help young professionals get off on the right foot financially, so they can focus on their careers. Whether it’s paying off student loans, saving for a house, planning for child’s education or investing for the future we can help make sure you are on the right track. Your future self will thank you.
We are uniquely positioned to help young professionals and families because we offer only the services they really need, so they aren’t paying for something they don’t want or can’t use. Our investment programs have low minimums for asset management which allows us to work with younger clients who are still growing their accounts and below the minimums required by larger firms. If you don’t need portfolio management but would just like someone to assess your current financial situation, develop a plan to reach a specific goal or analyze your financial life we can accomplish this with financial planning. There is no long-term commitment with financial planning and we can tailor it to you, so you get precisely what you are looking for.
Saving for Retirement
Even though retirement may be a long way off for you, retirement savings today will have a huge impact when you make the choice to stop working. The evidence shows that the most important thing for young professionals when it comes to retirement is to start investing early. While there are general rules of thumb for the amount you should be saving, your specific savings goals should be based around when you plan to retire and how much you plan to spend in retirement.
Have you left a job where you had a 401(k), 403(b) or other retirement plan? Westview can help you analyze alternatives and if appropriate help you with an IRA rollover and provide professional management from our investment management team. We have a proprietary model composed of low cost ETFs that can often enhance your diversification. You can also count on our investment team keeping a close eye on the markets to provide active management when we feel an asset class should be over or under weighted.
Do you have a 401(k) with your current employer? We would be happy to look through your current investment options and make sure you are invested in the assets that are right for you. If you are currently maxing out your 401(k) contributions, we can advise you on establishing a Roth IRA or Traditional IRA.
If your student loans or credit card debt keeps you up at night, we can work with you to develop a plan of attack. We take a look at all your debts help you prioritize them, make refinancing decisions and develop a repayment plan. This often involves analyzing your budget to make sure you are on the right path to achieving your goal of getting out of debt. People with large amounts of debt often feel that they will never get out, but there are ways to deal with debt and we are here to help.
Large Purchase Decisions
Should you purchase a car or lease one? Does it make sense to rent or buy a house? Want to take an exotic vacation or buy a boat? These are just a few examples of potential large purchases our young clients are asking about. We can help make binary decisions like lease or buy or if you already know what you want to do we can develop a plan that allows you to achieve that specific goal.
Young parents often don’t know where to start when it comes to planning for their child’s college. Our planners can help you estimate what the costs of college will be in the future and guide you towards a plan to meet those future needs.
Children often get help with education funding from multiple family members and gifting to family is often an integral part in estate planning for older clients. Our planners can help you look at all available options and we are often able to achieve multiple goals (such as gifting and estate planning) at once.
We are a fee-only firm unwavering in our promise to deliver a long-term financial strategy that will help guide your financial decisions and answer your financial questions. We want you to know where you stand and have a plan to get where you want to be.