Financial discussions are hard at best especially currently. Uncertainty tends to breed fear and stress. It is the conversations that should be had the most. Where do you start? You start by facing what you are most afraid of, the “what if”. Write down the concerns you have. Then walk away from the list for a few hours. Then come back to it and review the concerns and ask yourself is it true? Could it happen?
We have gone through this exercise in our office and with our clients. The positive results we had, once fears and questions are established make them easier to address. Breaking down the issues into a granular level and then discussing the plan of action. Turning that hard discussion to a beneficial discussion.
Take, for example, shifting gears toward retirement. Just the mental change of leaving the job that you have done for 40+ years is enough to deal with. How can I replace this paycheck, how does social security work and will it actually be there for me, do I have enough money, what about my pension? Those are just some of the big questions that come into play.
At Paladin, we don’t claim to have all the answers, but we know the right questions to ask. We have helped people figure out things that they can do to feel more confident in this time and mitigate things that are troubling. First and foremost, we deal with things head on because it is at the core of our company’s values.
If you would like to talk about money management or if you have managed your 401k on your own and would like to review your portfolio, please use us as a resource.
Investment advisory services offered only by duly registered individuals through AE Wealth Management, LLC (AEWM). AEWM and Paladin Retirement Advisors are not affiliated companies. Investments involve risk including the potential loss of principal invested. 692413-8/20
PHOTO CAP: The Newtown Gazette would like to apologize to this contributor. We made an error in our last article with Paladin Retirement Advisors. We mistakenly noted their name in the Spotlight as AE Wealth Management when it should have been Paladin Retirement Advisors.