During our Honest Conversations® exercise, individuals, couples and families uncover the deeper motivations, priorities and goals that inuence their decisions about money. The Honest Conversations® exercise helps you: • Identify and clarify your personal goals • Consider the trade-offs that come with making nancial decisions
information may increase a spouse's comfort level, but you won't know what's needed if you automatically dismiss any objections. If you don't have the patience to educate your spouse, a third party who isn't emotionally involved might be better at explaining your point of view. • Concealing the potential pitfalls of an investment about which you're enthusiastic could make future joint decisions more difficult if your credibility suffers because of a loss. As with most marital issues, transparency and trust are key. • A spouse who's more cautious than you are may help you remember to assess the risks involved or keep trading costs down by reducing the churn in your portfolio. • Remember that you can make changes in your portfolio gradually. You might be able to help your spouse get more comfortable with taking on additional risk by spreading the investment out over time rather than investing a lump sum. And if you're an impulsive investor, try not to act until you can consult your partner--or be prepared to face the consequences. What if you still can't agree? You could consider investing a certain percentage of your combined resources aggressively, an equal percentage conservatively, and a third percentage in a middle-ground choice. This would give each partner equal input and control of the decisionmaking process, even if one has a larger balance in his or her individual account. Another approach is to use separate asset allocations to balance competing interests. If both spouses have workplace retirement plans, the risk taker could invest the largest portion of his or her plan in an aggressive choice and put a smaller portion in an option with which a spouse is comfortable. The conservative partner would invest the bulk of his or her money in a relatively conservative choice and put a smaller piece in a more aggressive selection on which you both agree. Or you could divide responsibility for specic goals. For example, the more conservative half could be responsible for the money that's being saved for a house down payment in ve years. The other partner could take charge of longer-term goals that may benet from taking greater risk in pursuit of potentially higher returns. You also could consider setting a predetermined limit on how much the risk taker can put into riskier investments. Finally, a neutral third party with some expertise and a dispassionate view of the situation may be able to help work through differences.
• Understand your loved ones’ goals and priorities • Establish an action plan to prioritize, implement and review your nances Through a simple, yet illuminating process, you and your United Capital adviser will discover what truly matters to you and those you care about. From there, we’ll work with you to create an individualized road map to your ideal nancial life.
Rosemary Caligiuri, CASL™, RICP® Managing Director United Capital Financial Life Management As the Managing Director of the United Capital Langhorne office, Rosemary Caligiuri has been helping clients create, execute, and monitor their personal nancial strategies since 1989. Raised in a large Italian family in New York, Rosemary grew up with a genuine appreciation of Old World values and traditions. After graduating cum laude from Adelphi University of New York, Rosemary began pursuing her passion for caring for patients as a Registered Nurse. Wanting to do even more than care for people physically, Rosemary decided to enter the nancial services industry so that she could help people navigate their way through retirement and make informed decisions in order to pursue their nancial goals. A national speaker, educator and former radio show host, Rosemary prides herself in providing independent and ethical nancial guidance to clients who are in pre-retirement and retirement. Rosemary’s knowledge has also been sought out for articles written in nancial publications such as Barron’s and Forbes magazines. Rosemary has earned the Chartered Advisor for Senior Living® (CASL™) as well as the Retired Income Certied Professional (RICP®) designations from The American College. These prestigious programs include comprehensive curriculums to advisors striving to meet the unique nancial needs of today's clients. Rosemary is also a member of Ed Slott’s Master Elite IRA Advisor Group - a private IRA study group of professionals with extensive IRA experience. This group is required to go through rigorous educational workshops on a continuous basis. Rosemary resides in Lambertville, NJ where she and her husband Keith built their home together. Rosemary is an avid reader and loves to entertain. In her free time Rosemary enjoys traveling and boating with family and friends. 1707 Langhorne-Newtown Road, Suite #1, Langhorne, PA 19047 O: 215.860.6056 |F: 215.860.8606, unitedcp.com/pa4 | Rosemary.Caligiuri@unitedcp.com You should consider the counsel of an experienced legal and tax professional before implementing any estate or tax planning strategy. Investment Advisory services offered through United Capital Financial Advisers, LLC (“United Capital”), an investment adviser registered with the SEC. Registered Representative & Investment Adviser Representative of and offering securities and additional advisory services through Cetera Advisor Networks LLC (“Cetera”), member FINRA/SIPC. Cetera is under separate ownership from any other named entity.
Volume 8 | Issue 4
Local Living 17