5 Questions to Ask at Your Annual Wealth Dashboard Meeting
The new year offers a natural opportunity to pause, reflect, and realign your family's financial direction. At Advocates Wealth Planning, we believe one of the most powerful tools for long-term financial success is your Annual Wealth Dashboard Meeting—a dedicated conversation about where you've been, where you're going, and what matters most along the way.
Whether you're meeting with your advisor or having this conversation as a couple or family, here are five essential questions to guide a productive discussion.
1. What changed in our lives this past year?
Life rarely stays static. Job changes, health events, family additions (or departures), inheritances, home purchases—each affects your financial plan. Start by identifying what's different. These changes aren't just data points; they're the context for every financial decision you'll make this year.
2. Are our goals still the right goals?
Goals you set three years ago may no longer resonate. Maybe early retirement seems less appealing now that you love your work. Perhaps funding a child's education has become more urgent. Your Annual Wealth Dashboard Meeting is the time to honestly assess whether you're still chasing the right targets—or someone else's definition of success.
3. How do we feel about our current financial situation?
Numbers tell part of the story. Feelings tell the rest. Do you feel secure? Anxious? Optimistic? Financial plans work best when they address both the mathematical and emotional dimensions of money. A spouse who feels uncertain about the family's finances, even when the numbers look solid, is signaling something important.
4. What does our family need to protect?
Protection often takes a back seat to growth, but both matter equally. Review your insurance coverage, estate documents, beneficiary designations, and emergency fund. Are the people and assets you love adequately protected? This is especially important for families in volatile industries like energy, where income can shift rapidly.
5. What legacy do we want to build—or continue building?
Legacy isn't just about what you leave behind financially. It's about the values, habits, and knowledge you pass on. Are you teaching the next generation about money? Do your children or grandchildren understand your family's financial philosophy? Your Annual Wealth Dashboard Meeting is a perfect time to discuss how you're preparing the next generation.
Making It Happen
At Advocates Wealth Planning, we facilitate these conversations every day. We help families move beyond the numbers to explore what their money can make possible. Though your Dashboard meeting only comes once a year, we’re happy to help you make decisions and meet challenges that arise in the interim. Need to talk now? Click below to start a conversation.
IMPORTANT DISCLOSURE INFORMATION
Past performance is no guarantee of future results. Different types of investments involve varying degrees of risk. Therefore, there can be no assurance that the future performance of any specific investment or investment strategy (including the investments and/or investment strategies recommended and/or undertaken by Advocates Wealth Planning (“Advocates Wealth Planning”), or any non-investment related content, will be profitable, equal any corresponding indicated historical performance level(s), be suitable for your portfolio or individual situation, or prove successful. Neither Advocates Wealth Planning’s investment adviser registration status, nor any amount of prior experience or success, should be construed that a certain level of results or satisfaction will be achieved if Advocates Wealth Planning is engaged, or continues to be engaged, to provide investment advisory services. Advocates Wealth Planning is neither a law firm, nor a certified public accounting firm, and no portion of its services should be construed as legal or accounting advice. Moreover, no portion of this discussion or information serves as the receipt of, or a substitute for, personalized investment advice from Advocates Wealth Planning. A copy of our current written disclosure Brochure discussing our advisory services and fees is available upon request or at www.theadvocateswealth.com. The scope of the services to be provided depends upon the needs and requests of the client and the terms of the engagement.
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