U.S. News & World Report Quotes Anne O'Brien on Advice Financial Advisors Give Their Clients
Anne J. O'Brien spoke with U.S. News & World Report on the importance of reviewing your finance throughout the year. The article lays out eight tips financial advisors give their wealthiest clients that everyone should follow. For the full article, please visit U.S. News & World Report's website.
Excerpt taken from the article.
4. Review your finances periodically.
So says Anne O'Brien, an estate planning advisor with Caplin & Drysdale in the District of Columbia. She represents athletes, entertainers, political figures and wealthy business owners.
Why it matters. Because money is complicated, and the rules, especially with taxes, often change. "A year-end meeting of the client and advisors is essential," O'Brien says.
Of course, you may not have a team in place in the way O'Brien suggests. "At a minimum, the attorney, an accountant and a financial advisor," she recommends.
But even if you're huddling with your spouse and a money management software program, it's better than never looking at your money and hoping everything works out OK.