As you progress through life, you will reach certain professional and personal milestones that present new financial challenges and opportunities. At Benjamin F. Edwards & Co., our financial advisors have the tools, expertise and perspective to help you prepare for these events. With a tagline of “Investments for Generations,” our goal is to develop and sustain client relationships by providing top-notch client service and quality advice, today, tomorrow and in the many years ahead.

Prepare for Life’s Milestones

Prepare for Life's Milestones

Your Benjamin F. Edwards & Co. financial advisor will be there with you every step of the way as you work together to develop and implement financial strategies that will help you to move smoothly through life’s transitions whether you are a new saver or close to retirement. Then, as your needs and goals evolve, we can help you to adapt your planning accordingly.

New Career or Job Change

Business Colleagues Discussing In MeetingBeginning your career or changing jobs can be both exciting and overwhelming. Not only are you learning new job responsibilities, but you may also be faced with some financial decisions. A new or higher income level creates the opportunity to begin or increase savings. Your financial advisor can assist you with a comprehensive review of your investments and advise you on savings strategies, which may include a review of your savings opportunities through your employer’s retirement plan. In addition, we can help you evaluate other types of savings accounts to help you develop a disciplined savings approach.

Now that your career is on its way, don’t forget to save for both your short- and long-term goals. Learn more about how Benjamin F. Edwards & Co. can help with your needs. Find an advisor near you.

New Child

Happy Young Attractive Mixed Race Family with Newborn Baby.The birth or adoption of a new child is an exciting time, but it also brings new responsibilities for parents, both as caregivers and providers. It’s important to make sure that you’ve addressed these responsibilities in advance so that you are prepared when your child arrives. Some things to consider:

  • Check on availability of employer benefits related to family leave and/or adoption, if applicable
  • Revise your budget to include new expenses created by the new addition to the family, such as child care or diapers
  • Review your health insurance options to make sure you are using the best alternative for your situation
  • Review your life and disability insurance coverage to make sure it is sufficient
  • If your budget allows you may want to consider a tax-advantaged 529 college savings plan or Coverdell education savings account for your child and commit to adding to it regularly. Your financial advisor can run an analysis to show you how much you need to save.
  • Review your will or other estate planning documents to make sure your child is provided for should the unthinkable happen
    • Designate a legal guardian for your child in your will
    • Consider trust planning or update the titling of assets to provide financially for your child

Learn more about how Benjamin F. Edwards & Co. can help with your growing family’s needs. Find an advisor near you.

Wedding

WeddingStarting a new life with your spouse involves many financial considerations. It’s important to sit down and determine both your short- and long-term goals so that you can begin to work toward them. Your financial advisor can assist with this process or refer you to a tax or legal professional when necessary. Some items that may need to be addressed include:

  • Who will be handling the various aspects of your finances to avoid overlooking any responsibilities
  • Creating a budget that works for both of you
  • Building an emergency fund of three to six months of living expenses
  • Starting or continuing to save for retirement by using any combination of the following:
    • Company-sponsored retirement plan
    • IRA
    • Roth IRA
    • Investment account
  • Reviewing your insurance needs and coverage, including the following types:
    • Auto and home
    • Health
    • Disability
    • Life
    • Umbrella
  • Reviewing your beneficiary designations on your qualified plans, life insurance policies, IRAs and annuities
  • Ensuring that all of your assets are titled properly, particularly if you are changing your name
  • Reviewing your income tax situation with your tax professional to make sure you are using the optimal filing status for tax savings
  • Reviewing or implementing your estate plan with your attorney to make sure your legacy goals are met

Learn more about how Benjamin F. Edwards & Co. can help with your needs. Find an advisor near you.

Benjamin F. Edwards & Co. does not offer auto & home insurance, health insurance, or umbrella policies.

Retirement

Senior Couple Walking In Park TogetherThe keys to saving for retirement include starting early and saving regularly. Retirement savings vehicles can take many forms, including tax-deferred, tax-free and taxable accounts. Your financial advisor can help you assess your retirement goals to determine how much you need to save to meet your needs. A good practice might be to incorporate retirement savings into your monthly budget.

As you approach retirement – typically about five years before your target retirement date – you should begin to revisit your budget and income needs at least annually to make sure you are on target to meet your retirement spending goals based on the income sources and savings you have accumulated. Your financial advisor has the tools available to run these illustrations for you and help determine if you are on track or if you need to adjust your savings, goals or target retirement date.

Learn more about how Benjamin F. Edwards & Co. can help with your needs. Find an advisor near you.