Meeting with your Thrivent financial advisor once or twice a year is a smart way to stay on top of your finances. Some of life’s milestones (and surprises) have greater financial implications than others, however, and these might deserve a conversation of their own. Here are nine to keep in mind.
- Retirement. Entering
retirement is a major transition worth discussing with your financial advisor, ideally years (even decades) in advance. - Home renovations. From updating your kitchen to finishing your basement, the costs of construction projects should fit within your financial plan.
- Serious illness or injury. We all know
medical bills can add up, whether yours or those of a close family member. - Marriage or divorce. Legal changes to your marital status bring important financial considerations.
- Having or adopting a child. Children are a blessing—and a financial responsibility! Don’t forget to update your budget before
baby arrives . - Death of a loved one.
Losing a spouse or parent , for example, could reconfigure your financial picture. Don't be afraid to consult a professional for help during this emotional time. - Promotion or changes to employment. Got a raise?
Got let go? (Hoping for the former.) Talk things over with your financial advisor. - Becoming a caregiver.
Caring for a disabled loved one or aging parent can come with new family dynamics—practical, emotional and financial. - Windfall. Of course, receiving a big sum of money means big financial decisions.
When life happens—and it always does—your
