Trajan Wealth Fiduciary Advisors Fall Financial Planning

Now is the Time to Schedule Your Fall Financial Review

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October is the Financial planning month and a great time to meet with your financial professional to ask questions, review policy and portfolio performance, and make decisions that keep you on track with your goals. Regardless of your age, it is best to plan for your financial future.

Reviewing your insurance policies and portfolio during the final quarter of the year is essential for many reasons. Fall tends to be when many people think about next year and what they want to accomplish financially in the future. With the disruptions that 2020 brought to our lives, there is no better time than now to review, update, and make changes, so you are ready for 2021.

Have you checked the following with your financial professional?

Life Insurance Policies


Has anyone in your family married, divorced, or changed their name? Was there a new family member born this year?  Update beneficiary names and include social security numbers for each to ensure the death benefit pays quickly to your beneficiaries.

Death Benefit Amount

Have you acquired more debt, retired, or had assets increase in value? Review each policy to ensure it will provide enough death benefits to cover all your beneficiaries’ financial needs. If you have a large estate, ensure the death benefit will offset estate taxes.

Additional Policies

Was there a new family member born, or did families combine this year? Life Insurance can benefit your new family member in future years. Consult your insurance professional to determine allowable coverage and stipulations if you are not the custodian of the minor child you wish to insure.

Retirement Portfolio


Is your portfolio too heavy in one asset class? With today’s volatility, rebalancing and adding another asset class like annuities may help to balance portfolio allocations to align with your goals. Work with your financial professional to determine if annuities are a suitable investment for you.

Risk Tolerance

Are you taking too much risk or not enough? Changing jobs, being furloughed, or contemplating early retirement can affect your risk tolerance.


Reviewing your fund, stock, and cash performance during 2020 can help determine a future strategy. Although no one can predict future performance, you and your advisor can plan for any market condition.


Your tax professional and financial professional may suggest extra contributions or other tax-savings strategies for lowering your taxable income for 2020 after your fall review. 

Make your Bonus a Bonus

Fourth-quarter is when many companies announce an end of year bonus. If you anticipate a bonus, request it deposit into your pre-tax retirement savings account.

Plan for Next Year

Start the New Year with a financial plan. Those with a written financial plan are more likely to succeed when they work with their financial professional throughout the year.

2020 has not been ordinary and has taught us to prepare for anything. Your financial future starts by reviewing where you are today and initiating a step by step plan to get you to where you want to be. Contact our office today to schedule your fall review.

© 2024 Trajan® Wealth LLC. Nothing in this blog is intended as investment advice, nor is it an offer to buy or sell any security. Please consult your financial advisor for questions about your personal financial situation. All investments involve risk, including the potential for loss. Trajan Wealth clients and employees may have a position in any of the securities mentioned. Portfolio holdings and other data are subject to change at any time and without notice. Additionally, the above links provided as a convenience and for informational purposes only; they do not constitute an endorsement or an approval by Trajan Wealth, L.L.C., of any of the products, services or opinions of the corporation or organization or individual. Trajan Wealth, L.L.C., bears no responsibility for the accuracy, legality or content of the external site or for that of subsequent links. These materials are for informational and educational purposes and are not designed, nor intended, to apply to any person’s individual circumstances. It does not take into account the specific investment objectives, tax and financial condition, or particular needs of any specific person. Please consult with your legal and/or tax advisor before making any tax-related decisions.