People who consider my work sometimes ask: “? Well, Meg, what is do it” Considering how much time I spend do what I do, as well as the breadth of my work, I can try to boil down, will soon illuminate the mysterious sleepy several points.

However, this is a worthwhile question to ask? – and the answer

Why is it so mysterious planners

When you are looking for a new doctor, you do not ask her how she was, everyone “So, what do you do, Doctor?” all we know that doctors do. Why Few people know what a financial planner to do. As I’ve discussed, are:

• No minimum training or education necessary to call by their name
• There is no minimum set of capabilities, we can rely on. There is such a professional.
• Dazzling variety of companies hire professionals who sell their financial planner or similar.
• Is not readily quantifiable way to determine success.
• A large trust deficit overcome.

You manage money, right?

It is has been leading the industry in the last decades of service, so it’s no surprise, you think this is what financial planning to .

Although, yes, a lot of people planning to invest your money for you, yes, it is a useful and valuable service provided, your money invested for the a thing , many, a good financial planner yet.

Aspects of technology investment has become a commodity. You can get a reasonable portfolio of fundamental and cheap ROBO by an independent consultant (improvement or Ellevest, for example) and all-in-one mutual fund (Vanguard LifeStrategy funds, for example). Therefore, financial planner who only “do” money management probably not worth it.

Specific financial problems planner can help you with

The easiest way to explain what I do is to list the financial problems I help clients understand and take action. I focus on women in the high-tech industry, so this is not- Remote as an exhaustive list for achieving this. Ultimately, a planner you depend your specific circumstances.

• Figure do not know how you need a cash cushion, and when you want to grow more than how it is. How
• It is calculated to save 401 (k) and how to invest.
• Determine your tax planning and help you find a demand for accountants.
• Answer the question, “Should I exercise my stock options? When? How many?”
• Develop a plan RSUs for your subject.
• Figure out what to do with your stock inventory. selling? Accept? Donate
• Create a savings plan to make more progress towards the situation:? Retirement, buying a house, etc.
• Help you come up with the down payment of the purchase
• Assess the interests of employees.
• Jobs assessment.

Something more important

The list above is a simple and easy way to understand what I do. The real value is that when we enter the “squishier” field, which is more difficult to put a chart-inch

• I bring clarity What may feel “uncertainty abyss, “as one client recently described it. Google will be happy to provide more information about personal finance for you than you can consume in a lifetime. But the idea is for you and your family important?
• I can help you focus . When you need more life insurance, turn over some of the 401 (k) plans to invest some extra cash, and manage the risks of the company’s stock, you should first do?
• I help identify when your statement does not reflect the values ​​and priorities in your financial behavior . If you tell me you want to buy a home, but you spend most of the money to travel, you either need to rethink your goals, or you need a better system to save.
• Accountability I have for you, to help you insist, we do plan together. It is difficult to change behavior, whether it is your diet, exercise, financial or relationship. I can read and study a lot, but I got stuff to do, when I work with my business coach.
• I can help you understand your own finances gain confidence. Imagine, you would feel if you really understand what happened, why you do what you’re doing? One of my clients recently celebrated she announced she had her old 401 (k) into the newly established her IRA, and all this through their own investments. That is not something you can not teach. Now she is permanently better understand and deal with their financial situation.
• I give you “permission” thing to do ÿOU want to do or think you should do anyway. Not what you want to do, of course, but if I do not think it will make your financial situation in the revocation risk, I will give all my seal of approval. One of my clients want to buy a home but do not have enough cash to pay the first payment. I suggested that she immediately stopped her retirement savings account and all funds and funnel into the HSA savings account for a while. She was relieved, because she had thought about doing this, but do not know it is doing the right thing.
• I heard . Interestingly, when you start talking about your money, you start talking about each other part of your life. I am not a mental health consultant, but I can tell you, as long as trusted experts, you can uninstall all your financial worries to be worth the price of admission all by itself.