For most of us, life in 2020 has changed in some way. Looking at the year ahead, many of us are deciding whether or not to proceed with major purchases or certain lifestyle expenses. Our income may be interrupted or temporarily reduced. Our consumer purchases are generally down, and our travel plans have almost certainly changed. In addition, our portfolio values have decreased to some extent from their recent highs.
As we all adjust to a new reality during the COVID-19 pandemic, it can make sense to revisit our financial affairs, and make any necessary adjustments to our wealth management plans. With that in mind, we would like to offer you a complimentary myGPS™ financial projection, which gives you a virtual look forward at your financial Goals, Priorities and Solutions.
With myGPS™, we can show you in real time how current and future life moments will affect your financial situation. Even if you have previously gone through this exercise, now is a great time to update it to reflect the current situation. And we can complete it together without you having to leave your home.
Using myGPS™, we can provide a personalized financial projection and help you answer key questions like:
1. What does my current financial situation look like given the impact of COVID-19?
2. If I live to be 95, will I have sufficient funds to maintain my desired lifestyle?
3. If I die tomorrow, will my family be sufficiently provided for financially?
4. How does changing my financial assumptions impact my future financial situation?
5. What can I do to ensure my financial goals and priorities become reality?
6. If I own a business, how is it positioned to get through this crisis?
To help you answer these essential questions, we will complete the myGPS™questionnaire with you. myGPS™ helps you prioritize your financial goals given today’s new reality, and recommends solutions to help meet your wealth management needs.
Using the information captured in the questionnaire, we will produce your customized myGPS™ report. This report is a financial projection providing an overview of your current net worth and cash flow situation. It uses your current situation to project your financial retirement and estate planning needs, while identifying opportunities to protect and build on your wealth.
If you are interested in completing or updating your myGPS™ plan, please reach out to us and we will be happy to start planning with you!