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Transition Checklist – Life Events
That Could Alter Your Investment Plan

By on January 19, 2014

The potential for change is one of the few constants in life. Whether your circumstances evolve unexpectedly or as the result of careful planning, you may have to alter your investment strategy. The following are transitional events that may present opportunities or savings obstacles:

Changing jobs –– If you change jobs or get promoted and receive a salary increase, consider investing at least some of the difference for your long-term goals. You won’t miss the money if you invest it right from the start.

Tying the knot –– The decision to marry or remarry could raise a variety of questions about your portfolio and financial plans. Will your combined assets provide enough income for two retirements? Will the need for just one primary residence free up income? If so, you may be able to increase your investments. Divorce also raises financial questions. For example, will you need to invest more aggressively to meet the cost of retirement on your own?

Adding a family member — The addition of a newborn to your family could signal the need to start planning for someone else’s future. Aside from the usual expenses of rearing a child, there’s the cost of an education to consider.

Emptying the nest — Many parents with grown children often enjoy a “parental bonus” after their children leave home. If you anticipate a parental bonus, consider investing at least part of it for your retirement needs.

Caring for Aging Relatives — The need to support aging family members, possibly at the same time you’re caring for children of your own, could force you to revise your investment plan to pursue more income for today’s needs or capital appreciation for tomorrow’s.

These are just some of the circumstances that can alter your life — and your investment plan. For assistance adjusting your portfolio accordingly, consult a qualified financial professional for strategies that can help your investment plan overcome change.

If you’d like to learn more, please contact Irene Stolarz.

Courtesy of: Irene F. Stolarz
Branch Name: Morgan Stanley, Little Falls, NJ
Phone Number: 973-890-3020
Web Address: : www.morganstanleyfa.com/stolarz

Article by Wealth Management Systems, Inc. and provided courtesy of Morgan Stanley Financial Advisor.
The author(s) are not employees of Morgan Stanley Smith Barney LLC (“Morgan Stanley”). The opinions expressed by the authors are solely their own and do not necessarily reflect those of Morgan Stanley.  The information and data in the article or publication has been obtained from sources outside of Morgan Stanley and Morgan Stanley makes no representations or guarantees as to the accuracy or completeness of information or data from sources outside of Morgan Stanley. Neither the information provided nor any opinion expressed constitutes a solicitation by Morgan Stanley with respect to the purchase or sale of any security, investment, strategy or product that may be mentioned.
Morgan Stanley Financial Advisor(s) engaged The Post Eagle to feature this article.
Ms. Stolarz may only transact business in states where she is registered or excluded or exempted from registration See www.morganstanleyfa.com/stolarz. Transacting business, follow-up and individualized responses involving either effecting or attempting to effect transactions in securities, or the rendering of personalized investment advice for compensation, will not be made to persons in states where Ms. Stolarz is not registered or excluded or exempt from registration.
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