Advisors in Connecticut

10 steps to take if you want to retire in 10 years

Include these steps in your overall retirement plan….

  • Review your social security account at: http://www.ssa.gov/myaccount/
  • Make sure your account looks correct and get an estimate of the benefits you’ll receive.
  • Save as much as you can now – max out your 401K savings; IRA accounts; and other investment savings. These are your high-earning years – use them wisely.

Mom, mommy, mooom, mom, ma…Can I have this?

As moms, we all have that worry every.single.day whether we’re raising our kids proper enough to go off into the world and become well-rounded citizens. We watch what they eat, how they behave and what friends they keep—all while chauffeuring them to soccer and piano lessons. There’s one big lesson that we are all overlooking and not giving enough attention too: their relationship with money. Why is that? The medium most our world revolves around. Something most of these life lessons have an indirect relation to. My guess is because it’s a sensitive and ‘adult only’ conversation in the majority of households.

Investment Mistakes Made by My Younger Self…and What I Learned

When I was in my twenties and newly married, I went to have a financial plan done with one of the popular investment firms in this vast marketplace. I ended up investing in a number of products I did not fully understand, including a variable life insurance policy and a long-term partnership fund. My hard-earned savings (which I thought was a lot at the time), quickly disappeared into the insurance policy–along with the monthly payments now due for the policy. The partnership and a number of small mutual funds never grew much. When making mistakes, the best part is learning from them, right? These are mine: 

Who’s in the Bunker?

Well that was a pretty wild roller coaster yesterday, wasn’t it? How many times did you cover your eyes but peeked through your fingers? Did you immediately go to your account balances and cringe? If you did, that’s certainly ok—and a normal reaction. It’s also perfectly normal for you to have either called your advisor or thought about taking everything out yourself.

Do you know more than your financial planner?

Ever read an article, watch a how-to YouTube video or a presentation at work and think ‘Well, I knew that already.”? Do you finish reading or keep listening? Most people do. And they sit and be quiet without asking or thinking about questions and initiating a more in-depth conversation.

Do you know more than your financial planner?

Ever read an article, watch a how-to YouTube video or a presentation at work and think ‘Well, I knew that already.”? Do you finish reading or keep listening? Most people do. And they sit and be quiet without asking or thinking about questions and initiating a more in-depth conversation.
In most cases, you ARE going to have some prior knowledge about your finances, your goals, or suggestions your planner is already sitting across the table discussing with you. And that’s perfectly OK. No one wants to have a one-sided conversation rattling off a grocery list of items to do in order to get your financial plan in place.

What kind of relationship do you have with your financial planner?

Relationships come in all forms these days. With social media, working remotely, and online dating options, it’s easy for someone to say they have a ‘relationship’ with you. How many of these people have you actually met? As in, had an actual conversation with? It’s fine if the conversation has been over the phone, Face Time, or in person. The point is, you’re actually getting to know them beyond the easy “it’s so hot out today, isn’t?” To have a meaningful relationship with someone means that you actually care how they are doing, what drives them every day, and most of all, what makes them smile.