If you have had any previous experience with a financial advisor, chances are the conversation revolved around how much money you have, where it’s located, we can do a better job. It would seem that most investment firms share the same singular focus of trying to find better products that earn a higher rate of return – which often means taking more risk.
For all of the fancy analytics and mathematical acrobatics available today, nobody has yet figured out how to predict the future. Earning higher returns is certainly not a bad thing, and something we can help you with as well; however I believe we should help our clients avoid money they could be losing unnecessarily before considering options that require more risk.
According to the Employee Benefit Research Institute, 61% of those aged 44 to 75 say running out of money in retirement is their biggest fear.
This is why it's so crucial to make sure you don't run out of money. Consider Social Security strategies, along with products like annuities and solid income-producing investments to provide a full, secure retirement.
But the first step to take is to develop a plan...
People are living longer. And previously reliable sources of retirement income – like pension plans – are dying up.
That's where financial planning comes in.
There are two ways for you to improve your financial situation:
1. Find a better product that potentially pays a higher return - often requiring more risk.
2. Be more efficient by avoiding unnecessary losses.
I believe there is more opportunity to serve my clients by helping them avoid the losses before picking the winners.
As a Certified Financial Fiduciary®, I am dedicated to putting Client needs first in all engagements.