Life  Events Impacting Financial Planning

1. Marriage

Merge accounts, budget together, review insurance, and discuss long-term goals.

2. Divorce

Reassess finances, deal with property, update insurance, beneficiaries, and rethink retirement plans.

3. Birth of a Child

Plan for healthcare, education, and long-term security using child-specific tools. Adjust the budget accordingly.

4. Career Transactions

Prepare for income fluctuations with an emergency fund, budget adjustments, and explore income diversification.

5. Inheritance or Windfall

Handle windfalls wisely by addressing taxes, clearing high-interest debt, diversifying investments, and seeking professional advice for a solid wealth plan.

6.Health Related Events

Safeguard finances against health issues with good insurance, an emergency fund, and critical illness coverage.