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Young Professionals

Laying the Groundwork for a Healthy Financial Future

Are You a Young Professional?

In 2003, Forbes Magazine coined the term HENRY to describe the growing demographic of families with high incomes at a young age and recognized the unique challenges they faced. Being in the early stages of a career with a high salary is exciting, yet puzzling. You want to start accumulating wealth, but you’re unsure how to best plan for future goals, save effectively for retirement and navigate rising taxes. Remaining on a trajectory towards a robust financial foundation is your aim, though you’re uncertain which avenues to take. Together, we’ll identify strategies to synthesize all pieces of your finances — so you can experience financial clarity.

You May Have Questions Such As:

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What are some things I need to be cautious of?

 
 

How do I start planning for retirement?

 
 

How can I meet my financial goals?

 

What are some things I need to be cautious of?

As a high-earning professional, you want to enjoy certain luxuries. However, you are likely facing high taxes in addition to hefty student loans, and you have yet to amass wealth and assets. At this stage, balancing your current day-to-day expenses and life with your future goals is essential.

While it can be tempting to spend on experiences and material items you’re now technically able to afford, building up a strong nest egg means wisely spending, saving and investing. Because of your earning capacity, you’ll also want to start thinking about insurance solutions and ways to protect your wealth. We’ll create a multi-faceted plan, so you can head towards a stable level of affluence while still enjoying your hard-earned wealth today.

How do I start planning for retirement?

Retirement may still be a ways away, but planning for your post-work vision starts today. Amidst dealing with high taxes, student loans, and your monthly expenses, a portion of your financial energy should be focused on your retirement. If you’re looking to retire at a specific age and experience serene post-career years, a financial plan can guide you.

If you’re participating in a specific retirement plan set up by your company, hospital, group or firm, or if you want to invest individually, we’ll help you understand and set up your contributions according to your desired risk level. Successful retirement planning takes into consideration all aspects of your financial picture. By weaving together the disparate components of your finances, you’ll be on your way to financial stability and the type of retirement you can look forward to.

How can I meet my financial goals?

Do you aspire to pay for your children’s education, build your own home, or travel the globe? Your finances enable you to experience a life of meaning when managed effectively. Having short- and long-term goals in mind helps shape your financial architecture.

By meeting your current needs and anticipating potential challenges, we’ll take a holistic look at your finances. Although you’re only just beginning to build your wealth, you can take critical steps today to plan for your goals. Reaching your full financial potential is possible with a comprehensive planning approach.

Sound Like You?

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