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Life Transitions

Life will throw curveballs your way at a moment’s notice. Being able to adapt to sudden life changes requires a mixture of resilience and forethought. Even if you think you have it figured out, navigating unexpected life transitions can test even the most well-researched financial plan.

Are you recently retired, divorced, married, or receiving an inheritance? We all go through big life changes, and making important financial decisions during a major life transition can be overwhelming. It is important to have trusted professional advisors to help you identify and address your financial options even during the most difficult times. Some of these stressful life events may include:

  • Retirement
  • Divorce
  • Caring for a loved one
  • Transitioning to Medicare
  • Death/Inheriting large sums of money
  • Receiving a large settlement
  • In between jobs/careers
  • Marriage
  • Having/Adopting a baby
  • Selling/Buying properties
  • Selling/Buying business

Having a Florida-based team, like the one at Total Resource Financial, to guide you through these life transitions can help alleviate some of the tension that you feel. Identifying where these life events can cause trouble for your financial situation and how to best prepare yourself to deal with them is of paramount importance. We serve and prepare clients across the nation, including local clients in Hillsborough, Pasco, Pinellas, Polk, Manatee, and Sarasota counties, for life’s most disruptive transitions and events.


College Financial Planning

Making preparations for your child’s future can be a daunting task. Creating a solid financial plan for your children’s college necessitates a great deal of planning, and it represents a significant life transition. Going from a full household to having your children venture out into the world can cause massive changes in your home life. With proper guidance, however, you can know how to adjust and reallocate financial resources to yield the best possible results for you and your children.

 

Transitioning to Medicare

Your 65th birthday represents a major milestone. Your life transitions are at the forefront of your concerns, especially with your retirement on the horizon. Not only that, but you will also be receiving access to your Medicare benefits. 

Adjusting to the transition to Medicare can be a jarring change. Navigating through Medicare Parts A, B, C, and D, knowing which part covers which expenses and how each component can affect your quality of life during retirement can be simplified by having an experienced voice to guide you through the transition.


QDRO

Sometimes, “till death do us part” isn’t as binding as we intended. If you are going through a divorce and are dealing with the ramifications of a qualified domestic relations order (QDRO), Total Resource Financial can help you through this life transition.

A QDRO states that your former spouse is entitled to a portion of your retirement plan assets. Generally, QDRO’s grant them 50% of the value of the account accrued over the life of the marriage. No matter which side of the equation you are on, the TRF team can offer you advice on how to proceed that will suit your best interests. 

Total Resource Financial offers additional services to help you get a better handle on your finances for our nationwide clients and local Florida residents, including the counties of Hillsborough, Pasco, Pinellas, Polk, Manatee, and Sarasota. These services include:

If you are in the middle of a life-changing transition and overwhelmed with the financial complexity of the situation, you will benefit from a Complimentary Consultation with one of our advisors. Contact us at info@totalresourcefinancial.com or 813-696-3799 to schedule a consultation.

 

We look forward to working with you through all stages of your life.