Financial Advice for Children and Grandchildren

September 2nd, 2014 by John Murphy

Many clients have asked us over the years what their children should be doing in order to begin building their savings for retirement. The best answer we can give is to have their children talk to us. Our clients are a part of our family. The best thing we can do is to also help their children and grandchildren with savings advice. At B&C Financial we work to build trust and confidence with our clients over time, and if we can help build that same level of trust and confidence with their children and grandchildren it can help in a variety of ways. 

Part of planning for retirement is also planning for what happens to our savings and assets after we are gone, or if we become incapacitated. These are talking points that seem morbid at times, but they are realities we all have to face. Success in this endeavor requires parents or grandparents to sit down and talk with whomever they have chosen to oversee their affairs. The better prepared we are, the easier it will be for the loved ones who survive us. As it is with most relationships, communication is imperative to make the plan function as fluidly as possible.

At B&C Financial we strive to communicate this to clients. We are here to help not only our clients, but their families as well.  Our reasons are not only to meet new potential clients, but also to build a relationship that may help guide a client’s financial plan through the final phase of his or her life. We have found that estate settlements go much smoother when we have a pre-established relationship with the people involved, rather than going through the process with strangers.  Please let us know if you have anything you would like to discuss in the future.