28 Ways Bowers Advisory Group, LLC Helps Women in Transition Work Toward Their Goals
Plan Your Financial Future
Financial planning is the process of determining what you want, what you need, and what steps you must take to acquire both. Here at Bowers Advisory Group,LLC financial planning is an ongoing process. It never stops. That’s why we:
Help you commit to your goals by putting them in writing. In our experience, written goals are followed up far more than unwritten ones. This step is simple, but it makes it more likely that you will achieve your goals.
Help you set practical, achievable goals within your desired time frame. Your time and your money are both valuable. By focusing on the most achievable goals, we can help save you more of both.
Help you determine which financial decisions should be addressed first. Sometimes, you may find you have more decisions to make than you can possibly handle at once. We make life simpler by helping you understand which opportunities and decisions need to be made now.
Consider every possible way for you to fund your goals...even if they’ re unorthodox. We will turn over every rock to find possible ways for you to reach your goals faster...so that you can enjoy them sooner!
Work with you to create a written, step-by- step financial plan. Having a written financial plan means you will always know what to do and when to do it. That means saying goodbye to confusion, uncertainty, and delay.
Update your plan on an annual basis. Things change ... including your financiual goals. Should that ever happen, we can easily modify your retirement income plan so that it’s never out of date.
Help you secure the appropriate type and amount of insurance to protect you and your family's future. Insurance is one of the most boring topics imaginable – but it’s also one of the most valuable aspects of financial planning. That’s because it brings peace of mind that you and your family will always have their needs taken care of.
Help you create an estate plan. The biggest benefit of an estate plan? A good night’s sleep. With an estate plan, you’ll never have to lie awake wondering, “What will happen if —” ever again.
Help you save for and fund your children’s or grandchildren’s education. Every parent and grandparent dreams of their children getting a good education to secure an even brighter future. Another dream of every parent? That their child won’t have to live in your spare room at age 25. By reviewing your children’s custodial accounts and 529 plans, we can make both dreams become reality.
Make taking your IRA Required Minimum Distributions as simple and easy as possible. As your financial advisor, we want to save you time and hassle whenever possible and most of all—avoid a 50% tax penalty.
Remind you about upcoming financial decisions that need to be made, or serve as an “early-warning system” whenever potential challenges appear on the horizon. You’ve got enough on your plate to worry about. Our job is to take things off your plate instead of piling things on. So we’ll act as your financial alarm clock, concierge, and calendar all 365 days of the year.
Leverage our experience to provide strategies and solutions you didn’t even know existed so you can secure more retirement income, reduce expenses, and get the most out of your finances. Sometimes, the best way to get past a wall isn’t to simply climb up and over. We help you find easier, more efficient ways to overcome any financial obstacles in your path.
Work closely with other professionals you use such as CPA’s, Attorney’s, etc. or if you need a recommendation we will refer you to other trusted, expert professionals whenever you need assistance with banking, loans, tax or other advice. We want to make every aspect of your financial life quicker, easier, and less stressful. One way is to act as a conduit to any other professionals you may need to work with, so that you don’t need to spend time and energy finding them yourself.
Invest with Purpose
These days, most people can’t afford to reach their financial goals on their employment income alone. The cost of living is simply too high. That’s why investing is so important: because it allows you the opportunity to put your money to work for you. Here at Bowers Advisory Group,LLC we feel strongly that your investments should compliment and coordinate with your retirement income planning. Far too often we see people who substitute investment performance for proper planning. We will:
Always give investment recommendations that are in your best interests. We don’t give advice that is based on fear or intimidation. Nor do we recommend investments that carry high commissions or undisclosed fees.
Select investments for you that are based on rigorous academic research. Investment fads come and go but have no place in your portfolio.
Ensure your investments are always chosen based on your specific goals and feelings about risk. You want to protect your money. You want to grow your money. You want to risk it as little as possible. And you want the peace of mind that comes with knowing all this is done. That’s what this step is all about.
Keep a close eye on your investments with a long-term perspective. You don’t have time to be constantly checking your phone to see how your portfolio is doing. So we do it for you.
Provide investment perspective that is both usable and easy to understand. In order to choose the right investments, you have to know what the right investments are. We are tireless in researching which investments can bring the growth and safety needed to reach your goals.
Stay informed on what is happening in the markets. The markets can change in an instant, dragging your money up or down. The 24 hour news cycle, social media and the internet often provide misguided advice. By always knowing what’s going on in the world, we can turn the rollercoaster of investing into something more closely resembling a kiddie ride.
Simplify the investing process. Other people have such complex investments that they don’t know what it’s doing for them. The simpler your investment portfolio, the easier it is to understand, bringing both organization and flexibility.
Find ways to potentially increase your income during retirement. To enjoy the retirement lifestyle you want, you need income to fund it. We are constantly on the lookout for new ways to boost your income so that you never need worry about outliving your money.
Help you understand and get the most out of the investments in your 401(k) or IRA. Your 401(k) and IRA is one of your most vital sources of future income. We will review it to help you get the most out of it.
Help you understand the level of risk that comes with investing. Some people want as little risk as possible. Others are comfortable with taking on a bit more risk if it means a greater chance at more gains. But many people don’t actually understand how much risk or the types of risk they’re really taking on. With us, you will never have that problem.
Over the years, we at Bowers Advisory Group, LLC have found that being a good financial advisor isn’t just about knowledge. It’s about service. It’s about always being there when you need us. It’s about being proactive, alert, and thorough on your behalf, so you can focus on enjoying your money instead of worrying about your money. To that end, we will always:
Contact you on a regular basis, just to see if you ever have any questions or needs we can help you with. You should never have to wonder where your financial planner is or what they are doing. That’s why we are committed to always staying in contact with you, specifically by calling to check in with you regularly, send you written information or timely market news, and invite you to attend a comprehensive review of how your financial plan at least once a year.
Keep track of life and family changes that could impact your finances. Children grow up, adults grow old, and nothing ever stays the same. The changes life brings can affect your finances both positively and negatively. We will help you plan and respond to both.
Help you stay on the road to achieving your financial goals, no matter what obstacles life has in store. Want to know a secret? When it comes to achieving financial success, consistency is more important than sophistication. We’ll hold your hand when you need it, give you a nudge when you need it, or even provide a shoulder to lean on when you need it...because we are just as committed to you reaching your goals as you are.
Provide easy-to-understand education on any financial terms or concepts you may be uncertain about. Both common sense and industry studies agree: educated investors make better investors. If there’s ever anything you don’ t understand—whether it’ s a financial term or something you read about online – don’t hesitate to come to us. We will explain it to you and answer all your questions, so that you never feel lost, confused, or worried.
Be there for you. Simply “being there” is perhaps the most important thing we can do for you. Whenever you have a question, concern, or problem to deal with; whenever you want someone to hold your hand; whenever you feel overwhelmed, we’ll be there for you. Because without you, there is no us. Here at Bowers Advisory Group, LLC you are the foundation upon which our business is based.