Five Areas A Financial Advisor Can or Should Help You – Finger Financial Five #122

“Legacy is not what I did for myself. It’s what I’m doing for the next generation.” – Vitor Belfort

Five areas a financial advisor can or should help you.

The first is to help you make smart decisions with money. Obvious, right?

Second, help structure your investments, withdrawals, and assets to mitigate taxes. Again, coordination between your financial advisor and your CPA is beneficial to execute this step.

Third, see that an attorney structures your assets for a smooth transition to your heirs. Many people had their will set up over a decade ago. Much more need to have essential documents, like a healthcare power of attorney named. We discuss this on the Retire Happy Podcast (Ep.13).

Fourth, coordinate with your estate attorney to help establish asset protection. We discuss this on the Retire Happy Podcast (Ep.18)

Fifth, help magnify the impact of charitable giving to your estate if you are charitably inclined. 

Which one is most important to you? Which is something you need to address? 

Great idea I read on Instagram, @dadtalktoday c/o @Mellumjr.

When my son was born, I created an email address for him. Every achievement and photo taken is sent to that email. He will get the password and have all those memories when he is old enough. 

I wish I had done this. 

On the lighter side, Elliott had beaten me in chess every day this week. I am 0-12. I have mixed feelings about this. 

Hope all is well with you and your family,


Finger Financial Five – 5 points in 5 minutes or less – is to provide you with a weekly shot of useful financial information. My intention is to share principles, so that you will have more clarity and peace, that help you make better financial decisions.

Investment advice offered through Stratos Wealth Advisors, LLC, a registered investment advisor; DBA Riverbend Wealth Management.

This content is developed from sources believed to be providing accurate information and provided by Riverbend Wealth Management. The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. Stratos Wealth Partners and its affiliates do not provide tax, legal or accounting advice. This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors before engaging in any transaction.


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