Early Working Years

WISCONSIN WEALTH ADVISORS

Establishing Good Financial Habits

Even if you have limited experience in managing finances, it is never too early to begin thinking about and establishing a solid foundation for your financial future. Taking the first steps can seem daunting, but we can help guide you to create healthy financial habits at an early age to prepare you for your life as it evolves. We feel strongly that you should enjoy life as you go, as well as prepare for retirement.

Setting goals and developing a financial plan are important, and at Wisconsin Wealth Advisors we know the things you should be paying attention to at each stage in life.

Life Planning

for Individuals and families in their early working years

1. Financial Position

  • Complete your first financial & net worth statement
  • Establish a budget
  • Develop a student loan repayment plan
  • Buy a home
  • Build an emergency fund and good credit
step-one
step-two

2. Investment Plan

  • Start saving for retirement – make it routine
  • Develop a Financial Plan
  • Start a “Fun Money” investment account
  • Establish a college savings plan

3. Risk Management

  • Review life insurance**
  • Review disability income insurance**
  • Conduct annual credit checks
  • Reconcile bank and credit card accounts
step-three
step-four

4. Establish Estate Planning

  • Establish beneficiary designations for insurance & retirement accounts
  • Power of attorney and health care directive in place*
  • Consider a will, especially with life changing events*

5. Tax Planning

  • Implement appropriate tax advantaged accounts
  • Work with your tax preparer
step-five

*WE WILL PARTNER WITH YOUR ATTORNEY AND TAX PROFESSIONAL. REFERRALS UPON REQUEST.
**LIFE, DISABILITY, LONG-TERM CARE AND FINAL EXPENSE BURIAL TRUST INSURANCE POLICY ARE AVAILABLE THROUGH CHRIS SWENSON.

Life Planning

for Individuals and families in their early working years

1. Financial Position

  • Complete your first financial & net worth statement
  • Establish a budget
  • Develop a student loan repayment plan
  • Buy a home
  • Build an emergency fund and good credit

2. Investment Plan

  • Start saving for retirement – make it routine
  • Develop a Financial Plan
  • “Fun Money” Investment Account
  • College Savings Plan

3. Risk Management

  • Life insurance**
  • Disability Income Insurance**
  • Annual credit checks
  • Reconcile bank and credit card accounts

4. Establish Estate Planning

  • Establish beneficiary designations for insurance & retirement accounts
  • Power of attorney and health care directive in place*
  • Consider a will, especially with life changing events*

5. Tax Planning

  • Implement appropriate tax advantaged accounts
  • Work with your tax preparer

*WE WILL PARTNER WITH YOUR ATTORNEY AND TAX PROFESSIONAL. REFERRALS UPON REQUEST.
**LIFE, DISABILITY, LONG-TERM CARE AND FINAL EXPENSE BURIAL TRUST INSURANCE POLICY ARE AVAILABLE THROUGH CHRIS SWENSON.

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