The Building Blocks of a Financial Legacy

When it comes to your finances – as it is with many things in life – it can be good to revisit the topic to keep up with changes or to simply refresh your memory every now and again. April is Financial Literacy Month, a time dedicated to brushing up on the building blocks of all things financial. This is also a great opportunity to educate family members, both young and old, on the basics and the subtleties of managing finances, whether it’s as a refresher or an introduction.

According to a recent Financial Literacy Survey of U.S. adults conducted by the National Foundation for Credit Counseling, four out of 10 adults would give themselves a grade of C, D or F when it comes to their personal financial knowledge. It seems to be worse for young adults. In fact, adults ages 18 to 25 are the fastest growing segment of our population to file for bankruptcy. Perhaps those just starting their careers could really use the guidance and knowledge you’ve already attained.

While money alone isn’t enough to make life meaningful, it can help determine your quality of life and how easily you can achieve your objectives. Understanding how wealth and investing intertwine puts everyone in a better position to work toward short- and long-term goals.

I hope you’re happy with the goals you’ve set for this year and the years to come, and that your financial knowledge – along with my support – helps you achieve them. If you’d like to learn something new about financial planning or particular investments, I’d be happy to set up some time to answer any questions you or your family may have.

The information has been obtained from sources considered to be reliable, but we do not guarantee that the foregoing material is accurate or complete. Any opinions are those of Nicole Middendorf and not necessarily those of Raymond James.