The tumultuous political landscape coinciding with tax season means we’ve seen a huge uptick in questions and concerns about financial planning and investing.
We’ll be sharing resources via email, our blog and social media, to help clarify what information we believe is important and actionable.
We encourage everyone to try to see through the noise that is specifically intended to create fear and confusion. Instead, we’ll focus on events that have made a material impact on our recommendations and planning processes.
Here are a few tips to start. Remember these are actional items in areas that we control:
1) Make sure you have complete and organized financial information. One important item is to save a copy of your social security statement. (www.ssa.gov)
2) If you are nervous about inappropriate access to your SSN, you can protect yourself by freezing you credit reports with all three credit bureaus. (www.annualcreditreport.com)
3) Do your taxes early if you expect a refund.
4) Make copies of your travel documents, such as your ID, passport, and proof of legal residency if you are not a citizen. Keep these in a secure digital vault, such as our eMoney client portal or on your digital password keeper.
Finally… Please don’t do anything rash in terms of major money movement without consulting with us or your investment advisor. We will be working closely with our portfolio managers to make sure that we can address the questions and issues that are being brought up.
Below you’ll find a video from our team at AssetMark, one of our most trusted third-party money managers.
Please reach out to your advisor directly if you have immediate questions.
We’ll get through this together!
Sincerely, your Planning for Good Team