Strategy One Wealth Management will review your Net Worth – both assets and liabilities – and provide customized advice on your situation to help you grow your net worth, pay off debt and ensure you have adequate insurance coverage.

Insurance

Learn what kind of insurance you need—and what you can do without.
Insurance is one of those expenses that can seem discretionary—until you need it. Then it can be the best money you ever spent. In fact, the right type of insurance is a key part of your overall financial security. There are certain areas you just can’t afford to ignore.

Of course, not everyone needs the same coverage—to a large extent it depends on your personal and financial situation. Here are important areas to review to make certain you’re adequately covered.

The essentials.

• Health insurance
• Car insurance

Insurance for extra protection.

• Disability insurance
• Life insurance
• Homeowner’s insurance
• Renter’s insurance
• Umbrella insurance
• Long-term care insurance (LTCI)

Strategy One Wealth can review your situation and advise you on these products as part of their holistic approach to wealth management and prepare you to consult with an insurance salesperson of your choice.

Credit & Debt

Make it work for you, not against you

Carrying too much high-interest consumer debt is among the most common mistakes people make. It can put a strain on even the best-laid financial plan. And Americans owe a lot. Here are some 2014 statistics from the Federal Reserve Board:

• Consumer debt is $3.24 trillion.
• Revolving consumer debt totals about $881 billion.
• The average household carries $7,102 in credit card debt.
• Nearly 80 percent of American families have a credit card, and almost half carry a balance on their credit cards.

But not all debt is bad—sometimes it’s a helpful tool. From credit cards to auto loans to home mortgages, debt is an important part of life. The key is to learn to manage it and not let it manage you.

Take control

What you can qualify to borrow is often more than what you should borrow. Here are some guidelines to help you manage credit and debt effectively:

• For starters, not all debt is the same. Know the difference between good and bad debt to use credit wisely.
• Next, use credit as a tool. Before you open a new card at your favorite retailer to get that limited-time discount or you buy a new big-ticket item like a new car, consider what you’ll really pay once you include the cost of interest.
• When it comes to credit, you can’t get around your FICO® score—lenders use it to decide how much you can borrow, and at what rate.
• Having a credit card certainly makes life more convenient, but don’t let your credit card use get out of hand.

Annuities

Strategy One Wealth Management believes the biggest beneficiary of an annuity is the salesperson with the high fees they charge and therefore avoids any conflicts of interest by not recommending these products to clients. Strategy One Wealth Management strongly believes the benefits of owning an annuity can be enjoyed in more cost-effective solutions. Strategy One Wealth Management will help you review an existing annuity if you are considering selling one and reinvesting the proceeds.