Learn why the customer is always right isn’t always true in the financial world. Along with an opportunity to grade yourself on your financial life.

Main Questions Asked:

• How am I doing on my finances?
• Will another opinion help me avoid financial mistakes?

When the Customer Isn’t Always Right in the Financial World

• Now is the time to get into or get out of the market. Instincts are almost always wrong especially for the individual investor. Most people want to get into the market when it’s already gone up or sell when it’s at an all-time low.
• I don’t really need to spend money on that will, or trust, or whatever it may be. You need to spend money today to be better off in the long run. You are investing in yourself by doing the proper estate planning or the proper tax planning.
• It’s fine that the returns aren’t good because the fees are really low. The important thing is what are you netting after the fees? When you net out after expenses is what you should focus on.
• My accounts are down right now. I don’t think things are working. It’s time to change things up. The individual investor is usually wrong when they make changes to their portfolio. Have a plan so that you are tempted to make changes when things go down.

Grade Yourself on Your Financial Life:

• Do you know how much money you have? People often lose track when they have so many pieces spread out all over the place. Get all of your retirement savings in one place so you can account for it better.
• Do you know how much you spend? This also ties into how much taxes you pay, because sometimes people don’t know how much they spend, so they take too much money in. Know how much you spend and know how much you need.
• Do you know how much risk you have? People often are taking more risk than they should be. We have a money map system that can show you your risk profile.
• Do you know what you are paying in fees? It’s important that you pay attention to fees, but make sure you get value that serves you. The lowest fee may not be best if the return is also low.
• Do you know what your retirement income streams are going to look like? Knowing where your guaranteed income streams are coming from and when to trigger them is very important. You also need to maximize these income streams. A good plan is required.

Links To Resources Mentioned

Money Map Retirement Review

1-800-757-0436

Thank you for listening!