When an advisor sits down with his clients, he might go over investments and insurance coverage as part of a holistic retirement plan. According to Dave Henderson, if the advisor wants to provide
the full breadth of financial advice to clients, then he needs to
address life events like weddings and college tuition as well.
Henderson, CFP, ChFC, CLU, based in Greenwood Village,
Colorado with Client One Securities, has long given advice on
life events to clients, but it hit him on a personal level earlier this
year, when planning for his own daughter’s wedding.
According to the Wedding Report, the average wedding in 2015
cost $26,601, which does not include the cost of the honeymoon.
Henderson helps clients prepare for expensive events well in
advance of their occurrence in order to eliminate emotional,
possibly bad decisions that can wreck their retirement … before
they even get there. Retirement Advisor discussed the process
on how he approaches these topics with clients and what the
consequences are if not thoroughly planned for.
BY CARLEY MEINERS • Joe Hancock Photography