Trademark’s Risk Management Officer, Angela, recently won an opportunity to meet with our new financial advisor partner, Alex from Baystate, to gain some financial guidance. Trademark held a raffle among the staff, offering one free consultation with Alex, and Angela was the lucky winner! We are eager to learn more about this process, so Angela agreed to let us interview her each month as she travels along on her financial planning journey.
A Bit About Angela
Angela has been with us at Trademark for 7 years. She started as a Member Services Rep and was promoted two years ago to Risk Management Officer. She enjoys snowmobiling and ice fishing with her family in the winter, and when the summer months hit, you can find her out on her boat or at the beach with a book in hand.
To learn a bit about Alex at Baystate, click here.
Angela and her husband met with Alex in November to begin the process. During their first meeting, Alex took some time to get to know them and to get a deeper understanding of what it is that they want out of the planning and what their financial goals are for the future.
They discussed where they’re at in their lives with their careers; they also discussed retirement, wills, medical directives and life insurance. They really delved into the future and got a chance to see how prepared and how unprepared they are. They came out of the discussion with a clear plan for what they want to focus on:
- Wills
- Medical Directives
- Long Term Care
- Preparing for life after retirement
Now that they had a plan for a plan, it was time to gather some information to hand over to Alex and his team to get the process started.
Information they collected included:
- Loan documents – rates terms, amounts
- All financials
- Bank statements
- Pay stubs
- All 401k information – any retirement plans
- Life insurance policies
- Employer match for 401k
- All documentation on any programs that are used through employers (STD, LTD, etc)
Now we wait!
Once Alex and his team go through the documents, they will set another meeting.
Be sure to check back next month to see how their second meeting goes!