Many investors experience a condition that we in our firm call “investment paralysis.” It can cripple you from taking the appropriate action for one of the most valuable assets you will ever have – your retirement savings. When it comes to retirement, many people tend to “put their head in the sand” and rely on HOPE or LUCK − two of the most dangerous retirement words that exist. After 35 years as a financial advisor, I can tell you from experience that hope does not work, and there are simply too many moving parts to expect a successful retirement by basing your financial situation on luck.
Once you decide to retire, you will no longer receive a pay check. Your retirement plan should then change from saving for retirement to conserving your wealth and a creating tax-efficient income. Planning for retirement requires a well thought-out and comprehensive plan, because keep in mind no one knows for sure how long you will need income so you can pay your bills.
So, how do you know if you have investment paralysis?
If you are experiencing any of these symptoms, you are a candidate for our services. Please call our office today to schedule your initial, no obligation meeting. We may be able to help.