What should we do after the very last mortgage check clears? I’m Jeremy Riggs, certified financial planner at Base Wealth Management. That was the question in today’s review. My clients will toast our newfound freedom next month, though the bank’s little payoff processing fee got a laugh and a groan. My advice, take next month’s mortgage and enjoy it. Hard work deserves a marker. Then we put the money back on a mission. We’re redirecting that same payment every 1st and 15th into the taxable brokerage account built for long-term growth and a steady stream of dividend income. Same cadence, just a new purpose.
We also mapped out the estate side. We’re updating the powers of attorney and creating a living trust so the home and other assets pass cleanly and stay aligned with the family wishes. If the market dropped 20% tomorrow, do you know what that could do to your portfolio and how you’d feel about it? If you’re not sure, click the link below to schedule a portfolio risk review. We’ll take a straightforward look at what you own and see if the amount of risk you’re taking still fits your timeline and goals. Now, back to the video. The lesson, crossing one finish line is the perfect time to chart the next course. If your biggest monthly bill is about to disappear, give that cash a new job before it drifts away.
