Educational Video from YouTube:
Have you been led to believe that everything is great in your finances? Maybe you trust your advisor who says everything is OK. Maybe you believe the news that everything is OK because the stock market keeps hitting all-time highs? Maybe you’re an optimist and just believe things will work out somehow and nothing bad will happen?
Here is your wake-up call: You can’t plan and handle your retirement finances this way. You’re putting your finances, and your family’s finances in jeopardy by hoping that you’ll get lucky. You can’t allow yourself to remain blind to potential issues that could ruin your retirement:
#1. You could be taking too much risk. If you don’t know how much you could lose in the next stock market crash, your entire retirement could be at risk. What if you didn’t know that your current assets could lose 40 percent or more in a stock market crash, and then it happened. You probably couldn’t recover…ever.
#2- You might not have enough saved to retire or to take out as much money from your assets as you need or want.
#3- You have too much volatility in your portfolio which could cause you to run out of money during your lifetime.
#4- You have continually been advised to “Ride It Out” and “Hang In There” when the stock market has taken big dives, even though you really didn’t want to and didn’t believe you should.
#5- You don’t have an actual plan in writing detailing everything about your money. This means you trust your advisor just because they say so, which isn’t a smart financial strategy.
If you want to make sure your eyes are wide open to everything about your money, call us today.
Vipul Varma
VIP Financial
402.547.0395
Financial Advisor in Parker Colorado
Estate Planning