This may sound pretty
obvious, but I can’t even begin to tell you how many folks unknowingly make
this terrible mistake. I have written in every one of my publications that this
failure to make that distinction (between facts and opinions), whether by the
advisor or by the client, is the topmost reason so many Americans find
themselves between a rock and a hard place, even after saving all their lives.
Now, don’t get me wrong.
I’m not saying that opinions are necessarily bad. The truth is, we all have
them, don’t we? Personally, I have many opinions – like this one we’re
discussing right now. However, we need to separate the two for the simple
reason that opinions sometimes turn out to be bogus or wrong, while fact, on
the other hand, is fact.
All I’m suggesting is that
if you don’t want to be left with regret somewhere down the road, take the time
to clearly establish this difference at the moment your advisor (even if it’s
your spouse or a close friend) gives you his/her recommendations. It might sound
like you are being a little pesky – or even paranoid – but wouldn’t you rather go
through a little discomfort now in one conversation than experience potential retirement
disaster by neglecting to speak up?
Only a few financial
professionals clearly make the distinction between opinion and fact; many would
rather couch their opinions in sweet-talk as if they are factual, taking for
granted your unwillingness to probe. So in the name of preventing any misunderstanding, miscommunication, and had-I-known headaches later on, you have my
full permission to be a pest, as long as you’re a nice one.
Contact a professional at Laser Financial Group today to set up your complimentary, no-obligation consultation to learn the FACTS about how best to plan successfully for your retirement. 877.656.9111 or LaserFG.com