Broker Check

Cheeseburgers in Retirement: Order Up!

May 05, 2023

 

Ok, ok, since we are financial advisors not chefs, we will take our paper chef hats off; sorry in advance if this post makes you hungry, but it is a great analogy! 

A cheeseburger may seem like a simple meal, but the truth is, there are countless ways to customize it; right away don't forget for our lactose intolerant friends it isn't a cheeseburger! From the type of meat to the toppings, each ingredient can drastically change the taste and overall experience of the burger. In the same way, financial advising isn't a one-size-fits-all solution. A good financial advisor will personalize each investment plan to fit their client's unique needs, goals, and risk tolerance. The impact a burger has on your life isn't actually as great as your personal finances. Remember our post is shared to provide you with information, not to make decisions or provide advice. Always seek professional opinion prior to making decisions. When it comes to financial advising, we humbly ask you to consider us as a solution to aiding you pursue your financial goals. You can Schedule a FIT Meeting ´╗┐with us at any time to get started. 

 

Just like a cheeseburger, there are many ingredients that can be included in an investment plan. Some investors may prefer a simple plan with just a few investments, while others may want a more complex plan with a diverse range of investments. Here are a few examples of the "ingredients" that may be included in an investment plan:

 

Asset Allocation:

This refers to the mix of investments in a portfolio, such as stocks, bonds, and cash. An advisor will work with their client to determine the optimal asset allocation based on their investment goals, time horizon, and risk tolerance.

 

Risk Management:

Advisors may help their client manage risk by diversifying their portfolio, investing in lower-risk investments, and utilizing hedging strategies.

 

Tax Planning:

Working with a CPA may allow advisors to maximize their client's tax strategies, and minimize their tax losses through a variety of strategies, each unique to the position a client is in. L2 Advisors and Great Lakes Tax Team offer collaboration that makes sure a CPA has awareness of your financial Plan.

 

Retirement Planning:

An advisor will work with their client to determine how much they may need to save for retirement, and create an investment plan that aligns with their retirement goals. There are many factors to consider, and we will explore them thoroughly with you. No staring at a menu and guessing, we’ll guide you!

 

Estate and End of Life:

An advisor will work with clients and their estate planning team to generate a comprehensive perspective on the topic that many people would otherwise not have access to. L2 Advisors is proud to have helped many clients understand their legacy as part of our planning process. You define the legacy, we help you understand how it may come to life.


´╗┐Large Financial Decisions:

Things from buying a larger home, purchasing an RV, anything of a large nature will affect your financial position. Your advisor may recommend strategies that help your overall financial plan that you wouldn't have thought of. You never know until you ask! Our proprietary process provides clients with regular contact with the advisor, giving perfect opportunity to update on regular decisions. You can always reach out if anything changes, our plans are designed to be flexible with the goal of evolving to meet you where you are in life. If you're a new homeowner looking to purchase your first house you may enjoy reading our blog post on the topic. Click here to see the post!

 

Just like a cheeseburger, each investment plan is unique and can be customized to fit the specific needs and goals of the investor. A good financial advisor will take the time to get to know their client and create a personalized plan that meets their individual needs. 

 

At the end of the day, investing with a plan is like taking a bite out of a delicious cheeseburger. Not just any cheeseburger. Yours. Sure, you can slap together a burger anytime, but if you really want to get it right, you make one that fits the tastes of who is going to eat it. Many restaurants operate on the singularconcept of making your own custom burger! In that light, by working with a financial advisor to create a personalized investment plan, you can feel confident because it was built for you. L2 Advisors proprietary process is designed around getting to know the client, and not to sell something off the menu. 

  

To wrap up, do you want this to go or dine in? Just like a cheeseburger can be customized to suit individual preferences, financial advising should also be personalized to meet the unique needs and goals of each investor. Whether you're just starting out or looking to optimize your current investment strategy, a financial advisor can help you create a plan that fits your specific needs. So why not take a bite out of investing and enjoy the delicious rewards of investing with a plan! Contact our team today to get started. L2 Advisors has been serving the West Michigan area for over two decades now. You can Schedule a FIT Meetingwith us at any time by clicking that link and booking directly with the advisor. (Just be sure to tell us what your favorite burger joint is in the greater Grand Rapids area!).