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When you discuss financial plan services, things can get complicated quickly. But Oahu's finance experts at Hawaiian Tel Federal Credit Union say you'll gain a better understanding of your portfolio and take a more active role in the process by asking a few questions each time you sit down with your planner.

They offer these subjects to address at your next meeting:

5 Key Questions About Financial Plan Services

1. Do I Need To Make Changes?

If you’ve had major changes in your life, like switching jobs, having kids, or receiving an inheritance, your financial plan may need adjustments. Keep your financial planner up to date so they can understand your financial situation.

2. Am I Still On Track For Retirement?

Many people who retire at 65 will end up with an empty savings account if they’re not prepared. If your finances aren't adding up for a successful retirement, your planner will make suggestions to get you on track.

3. Has The Market Changed?

Oahu-HI-financial-plan-servicesSignificant changes in loan rates or stock prices can have a dramatic effect on your savings, debts, and investments. Your financial plan services professional will adjust your portfolio and help you stay ahead of economic trends.

4. Should I Diversify?

When you discuss financial plan services, ask whether changes to your investment mix are necessary. For example, variations in the market might make it best to invest more in foreign stocks than the domestic market. A portfolio with a good mix of investments gives you a better chance to meet your financial goals.

5. What Is My Net Worth?

Your net worth is more than the amount in your savings account; it refers to the number you get when you subtract your assets from your liabilities. Monitoring your net worth is important to ensure you're on the right track.

Knowledge is power in financial planning, but the details may be too complicated to handle alone. The friendly personal banking experts at Oahu's Hawaiian Tel Federal Credit Union can help. They combine the conveniences of a big bank — free checking account, mortgage loans, and online banking — with a neighborly feel only a nonprofit credit union can provide. Call (808) 832-8700 or visit their website to learn about the personal touch they will bring to your financial plan services.

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