Frequently Asked Questions

  • When should I start planning for retirement?

    Retirement planning isn’t just for people nearing the finish line. Whether you’re in your 40s, 50s, or already retired, it’s never too early—or too late—to review your income needs, tax strategy, and long-term goals. At Patrick Financial, we help clients at every stage plan for a confident retirement.



  • How can I make sure I won’t run out of money in retirement?

    One of the most common concerns is outliving your savings. We help design retirement income strategies built around steady withdrawals, investment planning, and your personal lifestyle. A well-balanced plan can offer both income and peace of mind.



  • What’s the difference between financial planning and investment management?

    Investment management focuses on how your money is invested. Financial planning takes a broader view—helping you map out retirement, taxes, insurance, education funding, and your estate. At Patrick Financial, we integrate both into a personalized strategy.



  • Do I really need an estate plan if I’m not wealthy?

    Yes. Estate planning is about more than money—it’s about making things easier for your family. We’ll help you consider beneficiary designations, wills, trusts, and healthcare directives, so your wishes are carried out clearly and efficiently.

  • How can I help my children or grandchildren with college costs?

    Education planning can be as simple as opening a 529 plan or exploring flexible savings options. We help families consider tax-advantaged strategies that align with their broader financial goals.



  • Do I need life insurance if I’m retired or close to retirement?

    It depends on your situation. Life insurance can be a tool for income replacement, legacy planning, or covering final expenses. We’ll help you review your needs and determine if existing policies still fit your long-term plans.



  • What should I do before meeting with a financial advisor?

    Before your meeting, gather any recent account statements, tax returns, and a list of your goals or questions. At Patrick Financial, we believe every conversation should be low-pressure and helpful—no prep required, just come as you are.