How Do You Define Good Planning?

{2 minutes to read} Today, I want to talk about what happened to me while I was visiting an advisor that works through my organization. She shared with me how someone had passed away, hadn’t done the planning, and didn’t have adequate life insurance. The family was desperate for money for last expenses, debts, and other financial obligations, putting the children in a vulnerable position. So they set up a GoFundMe page, which you see more and more these days on social media, telling a sad story about a family situation or an individual situation, and asking their network for money.

I don’t want to seem cold, distant or cynical. But I reflect on the fact that many times these are the same people that don’t recognize their responsibility for adequately protecting their family by purchasing the proper life insurance, disability insurance or long-term care. I think this is fairly common, and I imagine that each of the people reading this short blog has seen this before, as well. We need to raise money, so they set up a GoFundMe page, or they set up a golf outing, or they set up a fundraising event or dinner or whatever it may be.

I share this blog with you so that you can avoid that potentially difficult situation, by taking responsibility for getting the right coverages in effect to protect your family. That’s what good planning is about—disability insurance, long-term care insurance, liability protection, an umbrella policy, and the proper home and auto insurance—these are foundational to protect your wealth. 

If you need any assistance, or if we can be of help to you in getting your financial house in order, give us a call or send us an email. This is what we do, and we look forward to seeing you. 

Registered Representative offering Securities through American Portfolios Financial Services, Inc. (APFS) Member FINRA/SIPC. Investment Advisory Services are offered through G&G Planning Concepts, Inc. which is not affiliated with APFS.  Strategic Wealth Advisors Network and Gassman Financial Group are not affiliated with APFS. 

Any opinions expressed in this forum are not the opinion or view of American Portfolios Financial Services, Inc. (APFS) or American Portfolios Advisors, Inc.(APA) and have not been reviewed by the firm for completeness or accuracy. These opinions are subject to change at any time without notice. Any comments or postings are provided for informational purposes only and do not constitute an offer or a recommendation to buy or sell securities or other financial instruments. Readers should conduct their own review and exercise judgment prior to investing. Investments are not guaranteed, involve risk and may result in a loss of principal. Past performance does not guarantee future results. Investments are not suitable for all types of investors.

This material is for informational purposes only. Neither APFS nor its Representatives provide tax, legal or accounting advice. Please consult your own tax, legal or accounting professional before making any decisions. American Portfolios Financial Services, Inc.(APFS) and American Portfolios Advisors, Inc.(APA) are not affiliated with any other named business entities mentioned.