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Getting Started: Financial Planning in the Bakersfield, CA Agricultural Community

Getting Started: Financial Planning in the Bakersfield, CA Agricultural Community

April 11, 2023

In the Bakersfield, CA area, agriculture is at the very heart of our community. We are fortunate to be home to amazing companies that are involved in our neighborhoods and employ many of our friends and family members.

I thoroughly enjoy getting to know the employees of these companies and it’s a personal and professional goal of mine to help ensure they stay on solid financial ground in their personal lives. I’ve noticed that during some of our conversations, similar questions arise – some of which I thought I could address here.

Investment 101

What is a Financial Plan?

A financial plan is essentially a road map that outlines your current finances and helps you set goals for the future. This plan should include an analysis of your current assets and liabilities as well as a strategy for saving, investing, and protecting yourself against unexpected expenses. We can also take a look at your insurance needs, benefits, and help you find resources to create an estate plan – all important things when it comes to protecting your family!

What is a Mutual Fund?

A mutual fund is an investment vehicle that pools together assets from many investors who share similar long-term objectives. These assets are then managed by professional money managers who try to maximize returns while minimizing risk based on the stated goals of the fund. Mutual funds offer investors several advantages including cost efficiency and diversification benefits. However, they do come with their own set of risks which should be considered before investing in them. 

What is an IRA?

An Individual Retirement Account (IRA) is an investment account designed specifically for retirement savings purposes. IRAs provide tax benefits that can help boost savings over time, making them attractive options for those looking to save for retirement in the most efficient way possible. There are several different types of IRAs available depending on individual needs and preferences; these include traditional IRAs, Roth IRAs, SEP IRAs, and more.

Getting Started

I know that taking the first step is often the hardest part – but I have good news! Getting started with Charpentier Wealth Strategies is very simple. It’s literally as easy as sitting down with a cup of coffee with a new friend.

Here’s what you WON’T need:

  • All of your financial paperwork.
  • Knowledge of all of your investments.
  • Your tax returns.
  • Your partner or spouse if you keep separate accounts.

If you’ve felt paralyzed about moving forward with creating a financial plan because you think you need to come prepared with years of past paperwork…let me put your mind at ease. Our first meeting is dedicated to finding out more about you, your needs, and what you’re looking for. It has nothing to do with crunching the numbers.

Ready to move forward? CLICK HERE and let’s get that cup of coffee.