What is Financial Complexity?

Financial complexity can sabotage your ability to protect and provide for your family. But what exactly is Financial Complexity? And how do you know if you have it?

2 things all parents want

Everything we do as parents falls into one of two categories:

  1. We want to protect.
  2. We want to provide.

Protecting your family includes keeping little fingers off of hot stoves… buying the safest, most reliable car seat… and getting enough life insurance.

Providing for your family includes putting food on the table… buying a house in the best school district…. and funding a college education.

More important = more complicated

The more important the task is, the more complicated it is to do right.

Protecting your family

Keeping fingers off stoves is straightforward.

Buying the safest car seat requires some research.

Getting enough life insurance requires advanced financial calculations and a detailed understanding of insurance products.

Providing for your family

Putting food on the table is straightforward.

Buying a house in the best school district requires some research.

Funding a college education requires present and future value calculations and a detailed  understanding of college savings options.

What is financial complexity?

Financial complexity is the 5000 piece puzzle that is your financial life. (And the longer you take to put it together, the longer your family is at risk.)

That puzzle includes figuring out life insurance and college funding.

But those are just two pieces of the puzzle.

To fully protect your family, you need life insurance, long-term disability insurance, umbrella liability insurance, an estate plan, a joint trust, wills, powers-of-attorney, advanced care directives, and an emergency fund (to name a few).

To fully provide for your family, you need to direct every penny into the right accounts in the right amounts and invested the right way.

That includes 529 Plans, ESPP’s, RSU’s, HSA’s, ISO’s, NQSO’s, deferred comp plans,  Traditional 401k’s, Roth 401k’s, Contributory IRA’s, Rollover IRA’s, Roth IRA’s.

Doing it yourself

Getting any of these wrong can hurt your family.

And while it’s possible to blindly walk through a field of land mines and not step on one, I’d rather just use the map.

The Financial Zen Group is that map.

How we help

We’ve done this for a very long time for a whole bunch of families.

  • We know what you need to do.
  • We know the most common blind spots.
  • We know how to complete your “Protect and Provide” mission as efficiently, safely, and quickly as possible.

Do you have “Financial Complexity”?

There’s only two types of parents in the world:

  1. Those that know they have financial complexity and
  2. Those who don’t realize it.

So the question isn’t “Do you have financial complexity”? You do.

The real question is “Have you put your puzzle together to protect and provide for your family?”

If your puzzle doesn’t look like the front of the box, then you’ve got some work to do.

(A great first step is to schedule your Discovery Call with us.)