An Olathe financial advisor can be a key player in your money management strategies. Organizing your finances can be a daunting task, especially if you're confronted with large debts, the aftermath of a divorce, overdue taxes or other financial complications. However, the best time to consult a Kansas financial professional may be when your obligations seem overwhelming. Take advantage of the resources on our website to find a professional who can help you sort through the complexities of your financial life.
Olathe, KS is home to several major insurance and manufacturing corporations. There are plenty of opportunities to build a successful career in this northeastern KS community. The residents of Olathe value innovation and education, and the community is a secure, stable place to raise your family. Life in Olathe can be more financially rewarding if you consult an Olathe financial advisor about how you and your loved ones can reach your goals more efficiently.
As you're advancing professionally in Kansas, you'll increase your earning potential and have more opportunities to save and invest your income. Your Olathe financial advisor may suggest that you increase your contributions to your 401k, IRA or Roth IRA each time you get a raise or a bonus at work. Whenever you have an increase in your earnings, an advisor will recommend that you also boost your savings.
Growing in your career means that you'll also have more funds available to save for your children's college education. One of the joys of parenthood in KS is seeing your family fulfill their academic goals. Investing in your children's future may involve opening a tax-deferred 529 account, or educational savings plan, to save for the costs of tuition when your child enrolls at a state-sponsored Kansas university. Private educational institutions have equivalent savings programs.
When you take on more responsibility at work, you may have less time to manage your finances at home. Your Olathe financial advisor can help you stay on track with your financial goals, so that you don't fall behind in your plans for the future. Work with your financial advisor to develop strategies for making your money work for you as you're working hard to provide for your loved ones.
Preparing for retirement and building a legacy for future generations of your family are two of the primary reasons for consulting an advisor in Olathe. In addition to your 401k plan, pension or IRA, you can build funds for your retirement years with a diversified investment portfolio. Look for a reliable investment advisor with certification in securities to help you make decisions that will increase your earnings over the years to come.
An Olathe financial advisor bases his or her investment advice on your level of risk tolerance. Young parents and middle-aged adults considering retirement may have a lower level of risk tolerance than single professionals. While stocks and mutual funds may appeal to you if you have an interest in more volatile ventures, fixed-rate annuities and bonds often appeal to people who are looking for more secure options.
An Olathe financial advisor knows that you never need to stop investing, even after you've retired. In your retirement years, an Olathe financial advisor can help you make decisions about which accounts you should utilize first when you're planning your sources of income. While Social Security and Medicare payments provide valuable benefits for elderly adults, you shouldn't rely on these funds exclusively if you want to maintain a comfortable, independent lifestyle.
Insuring your life, health and property are important aspects of managing your finances effectively, especially when you approach retirement age. Review your policies carefully with an Olathe financial advisor to make sure that you have enough coverage to replace the income you provide to your loved ones if you were to die unexpectedly. If the medical coverage you have through your employer is inadequate, talk with your consultant about securing a plan that will meet your family's needs.
Investing in your family's future may include purchasing a permanent life insurance plan that will provide benefits for your loved ones after your death. In addition, a permanent life insurance policy includes a cash component that you can use as a financial reserve to cover emergencies during your lifetime. When you invest in whole life, universal or variable policies as a younger adult, you can lock in a premium that will generally not increase when you're retired and living on a more limited income.
With the help of an Olathe financial advisor, you can protect your loved ones financially after you're gone. Proper estate planning is vital for ensuring that your assets are distributed according to your wishes. The plans you make with your advisor's help can secure your family's future for generations to come.
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"I wanted to be sure I met with an advisor who wouldn't just throw all sorts of financial jargon at me without explanation, and this site helped me find an advisor who was great at explaining things simply. Thanks!"
Sharon D, Tempe AZ
James Claiborne, CFS, ChFC
Financial Partners Group9990 College Blvd.
Overland Park, KS 66210