Monday, October 19, 2015

Are You Ready to Pull Back the Curtain on Your Retirement Savings?

Are you ready to pull back the curtain on your retirement savings?

Obviously saving any amount of money for your future is a good thing and definitely a step in the right direction. No question about that.

However, I’m pretty sure you’ll agree with me that just socking money away in your 401(k) or any other sort of retirement savings vehicles doesn’t necessarily mean that you’ll hit your intended target unless you also take other deliberate steps. In this particular instance, it’s the deliberate step of ensuring that you are actually saving enough.

Far too often, I run into folks who have been saving for a lifetime but with such a huge gap between their intended output – in terms of what they expect to get out of their accounts – and their actual contributions. In almost every single instance I can recollect, when I inquire as to how they came up with the amount of their contributions over the years, the answers seem to suggest no deliberate planning of any sort.

Of course, at the end of the day, the situation on the ground as your life evolves will impact what you are able to do – or not do, for that matter. But the point is that we all need to know, depending on our specific circumstances and intended targets, how much it will take to get there. Just so we are clear, I’m not suggesting that you simply save more money. For all you know, based on your situation, you may be doing just fine or even be ahead of target. On the other hand, however, the opposite could be true – you may be way behind and not even know it. Unfortunately, that latter scenario seems to be norm for most folks.

Here’s the thing: not knowing whether or not you are saving enough, or by how much you are off or ahead, isn’t going to make anything better. It can only make things worse. Irrespective of where you are in life, I’d suggest you get to know – through deliberate planning, instead of the rule of thumb or your feelings – what you are facing and what it will take to get there.

My very best to you.
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Visit LaserFG.com or call 877.656.9111 right now to book your complimentary, confidential consultation with a financial professional who has your best interest at heart and who is willing to ask the tough questions to help you make a plan that will get you where you want to go. Youll be paired with an experienced financial professional who can help you plan for a secure future, regardless of your current financial situation. Retirement planning means planning for ALL aspects of your life after retirement. If youre ready, were here to help. 

Monday, October 5, 2015

Is Your Financial Advisor Watching You Break the Rules of Prudent Investing for Fear of Losing Paychecks?

Is your financial advisor watching you break the rules of prudent investing for fear of losing paychecks?


Do you have the kind of financial advisor who’ll always tell you what’s right and refuse to see you make moves with your portfolio that are imprudent, based on your circumstances? Or is your advisor of the breed – I’d even dare to say it’s where most advisors fall these days – who lets his/her clients make all the decisions regarding their portfolios, even down to specific asset class combinations, when its appropriate to rebalance, and everything in between? Personally I think thats a terrible – and incredibly unfortunate – mistake.

Now, dont get me wrong. Im by no means suggesting that you simply go hand over your hard-earned money to some guy or gal in a suit, sitting in an air conditioned office, and completely back off without any input whatsoever. Truth is, I wouldnt do that with my own money, so why would I expect you to invest that way?

But here’s my point. As an investor, you must have clear and specific input and expectations regarding what you want and do not want, for that matter, when it comes to your portfolio – things like how much volatility you can live with, etc. Even if youre not that specific, a good financial advisor must and will have a thorough discussion with you in order to understand at the deepest possible level your core vision, desires, concerns, and expectations so that he or she can help you put together the best possible portfolio to get the job done. In the end, you should know exactly why your money is invested in a certain way, what you can expect – both good and bad – and when and how changes are to be made. As a matter of fact, isn't this the exact reason financial advisers are paid in the first place?

Now contrast that with what seems to be the norm today, where the investor tells the advisor specifically what to buy or when they believe they should get in or out of specific investments. Let’s face it, most of this is based purely on emotions whipped up by what’s going on in the media.

Of course, I get it. The money belongs to the investor and he or she may decide to invest it as he or she pleases. But think about it. Would you prefer a doctor who lets you, as the patient, decide the exact prescription and dosage you should be taking?

Could it be that these so-called financial advisors who are leaving every decision completely up to the client are so concerned about maintaining their paychecks that they will do whatever makes the client feels good and happy? Are they so worried that the client might go somewhere else that they’d let them do whatever makes them happy in the moment, even if it could end up destroying the very wealth they’re trying to grow in the long run? Or it is that these advisors do not want to be held accountable for the very thing they’re paid to do, guiding clients to invest prudently, according to their specific circumstances?

Then again, if you skip the initial step I mentioned earlier and invest without having a clear-cut understanding of where you are headed and what you can expect, isn’t this the natural progression?
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Visit LaserFG.com or call 877.656.9111 right now to book your complimentary, confidential consultation with a financial professional who has your best interest at heart and who is willing to ask the tough questions to help you get where you want to go. Youll be paired with an experienced financial professional who can help you plan for a secure future, regardless of your current financial situation. Retirement planning means planning for ALL aspects of your life after retirement. If you're ready, were here to help.