My parents grew up during the Depression. As all of you
know, whether you grew up during that time period, heard about it from
your parents or simply read it in your history books, it was
financially devastating time. Many people lost everything.
Consequently, even though my parents became very successful and made a
fair amount of money, they always had an underlying concern that even
bordered on fear at times, that they would lose everything and become
destitute. Their fear proved to be ungrounded. My father was a careful
and astute investor, who on more than one occasion listened to his only
son and when our parents passed away, my sister and I received a comfortable,
but not overwhelming inheritance.
Most of my retired clients share similar concerns whether they grew up
during the depression or not. Their concern is very genuine and very
valid. I tend to be pretty conservative with my own investments, but if
I lose two or three thousand on an investment that turns on me, I might
be irritated at myself or have to face my wife, but I know I can make it
up. For those who are retired, if you have a loss, it becomes difficult
if not impossible to make it up.
At the same time, because people are living longer, and longer your money
is going to have to last you longer. So some of your funds should be
invested for growth.
We can help you determine your best options and help you make smarter
decisions about your money. There are certain types of investments that
are guaranteed; GNMAs, CDs, fixed annuities while others are virtually
guaranteed: FNMAs and variable annuities with guarantee riders as
examples. Still others could be described as conservative, such as
stocks that pay strong dividends.
What is right for you may not be right for another senior in a different
situation. That is why you should use someone like myself to help you
choose the best investments possible for your situation. I am certainly
not perfect and no matter how careful I am, not every investment will go
in the direction that we want it to go, but with good planning and
strategies in place to limit losses,* you can sleep at night.
I will carefully explain every suggestion and idea and will not move
forward until you are comfortable and fully understand the investment
and any risk associated with it.
Get in contact with me for a free consultation. We will examine where
you are and where you want to be, and propose a plan to meet your needs.
I only get paid if you implement that plan.
*Guarantees based upon issuing insurance companies'
claims-paying ability.
