Dear Valued Clients and Friends,
The poor don’t have a monopoly on uninformed financial decisions. Some years ago I was invited to make a presentation to a group at a country club. I passed a clipboard around and asked each participant to write down how much money he or she had lost through poor decisions. After recording the lost amounts, I asked each person to fold the paper over, thus covering his or her answer, and pass the clip board to the next person.
After the clipboard had been passed around the room, I added the losses. Before revealing the group’s cumulative loss, I expected the amount to be in the tens of thousands or, perhaps, in the hundreds of thousands of dollars. Boy was I wrong. The total cumulative loss was in the millions of dollars!
We routinely find people who have made poor or uninformed financial choices. Assuming you know the smarter choices and rules regarding money, or assuming that something is not a scam, can be disastrous—not only affecting you, but also your spouse and future generations!
You’ve worked hard to accumulate your nest egg. We believe you have to work twice as hard to protect it so that it will last as long as you do. How do you do this? By avoiding unnecessary risk. No one cares, works harder, or stands to benefit more from your financial decisions than you and your posterity.
Prudent planning, especially at key turning points in your life will help you realize the full benefit of your financial choices. But through unwise choices, without a financial guide, you will encounter pitfalls that may turn into serious consequences and losses.
Making a choice is one thing, but is it the best choice for you? We’ve seen clients in tears because they have acted without talking to us first. Making your money last as long as you do requires sophisticated planning. It is both an art and a science. Let us help you determine your financial destiny. It’s a free call and consultation.
Bullish Best Wishes,
Roger M. Smedley, CFP®President