Abacus Financial Planning helps women and their families across the lifespan. We work with clients across life stages and transitions, helping to identify resources and build readiness for new challenges. The lifespan approach is comprehensive, long-term, and flexible. Financial planning is thus not a one-time event but rather a continuous process.
It’s easy to name stages of the lifespan and most adults relate financial planning to establishing a family, creating a career, advancing in that career, and eventually retiring. Progression in a career can appear seamless as we watch high earners in their 30s turn into high-net-worth individuals in their 50s. Behind the scenes, there are several transitions to be made, though. Those individuals may have started out as individual contributors on the job and later emerged as leaders or managers. From a financial perspective, a shift in roles may be marked by differences in salary, equity compensation, savings strategies, and investments. The accompanying financial discussions change a lot!
For some people, the most challenging transition arrives with retirement. The obvious “ages and stages” report would be “When I retire at 66, I will live off my [fill in the blank: pension, savings, investments, etc.] and never rise before noon.” An unexpected transition awaits, though: learning how to transition from saving money to spending it. A person who spends decades watching their net worth increase may struggle as the numbers swing the other way. The financial perspective must take in more than ages and stages and bring focus to the transitions, as well.
I tell clients I don’t have a crystal ball on the stock market. (Expect volatility.) Similarly, I cannot predict the job market, interest rates and real estate appreciation. (Build in flexibility.) Most definitely, I cannot guess at how any of us will fare in our last years of life. (Plan for contingencies.) But I’ve worked with people of all ages, in different professions, and with different family compositions. I see that life usually works out, though with bumps and unexpected twists and turns. I see clients come through hard times and find a new path. Whether the changes are exciting or exhausting, people find a way through the transitions.
The information on this site is not intended as tax, accounting or legal advice, as an offer or solicitation of an offer to buy or sell, or as an endorsement of any company, security, fund, or other securities or non-securities offering. The information on this site should not be relied upon for purposes of transacting in securities or other investment vehicles. The information on this site is provided “AS IS” and without warranties of any kind either express or implied. To the fullest extent permissible pursuant to applicable laws, Abacus Financial Planning, LLC (“AFP”) disclaims all warranties, express or implied, including, but not limited to: implied warranties of merchantability, non-infringement, and suitability for a particular purpose. The information contained herein has been obtained from sources believed to be reliable, but the accuracy of the information cannot be guaranteed. AFP does not warrant that the information will be free from error. Your use of the information is at your sole risk. Under no circumstances shall AFP be liable for any direct, indirect, special or consequential damages that result from the use of, or the inability to use, the information provided on this site, even if AFP or an AFP authorized representative has been advised of the possibility of such damages. Information contained on this site should not be considered a solicitation to buy, an offer to sell, or a recommendation of any security in any jurisdiction where such offer, solicitation, or recommendation would be unlawful or unauthorized. The information being provided is strictly as a courtesy/convenience. When you link to any of the websites provided here, you are leaving this website. We make no representation as to the completeness or accuracy of information provided at these websites. Abacus Financial Planning is not liable for any direct or indirect technical or system issues or any consequences arising out of your access to or your use of third-party technology, websites, information and programs made available through this website. When you access one of these websites, you are leaving our website and assume total responsibility and risk for use of the websites you are visiting. Abacus Financial Planning does not make any representations or warranties as to the accuracy, timeliness, suitability, completeness, or relevance of any information prepared by any unaffiliated third party, whether linked to Abacus Financial Planning’s website or incorporated herein, and takes no responsibility thereof.