Volatile Markets and Retirement: A Financial Plan is Now More Valuable Than EverSubmitted by Miller Financial Group | Red Oak Iowa Financial Advisor on March 24th, 2020
Everyone is scared. Things are volatile and uncertainty on what to do and where to turn, is running rampant. Store shelves are empty, the news is negative, and the stock market is in turmoil. Where can you turn for some sense of clarity, unbiased advice, that proverbial port in the storm?
If you have ever wondered if working with a trusted financial planner was worth it, well we are now living through times that will answer that question. During these times we serve as that rock, that sense of calm midst the chaos. There is no one, except maybe those who share your last name, who cares more about your financial situation than we do.
Now, can a CERTIFIED FINANCIAL PLANNERTM Professional working on your behalf assure you that your account values will not fall or that you will not lose money? No. No one can. But we may be able to develop a plan that takes this type of volatility into consideration and build an income for you that will always be able to sustain itself, even when the markets fall.
So how do we it? By looking at someone's full financial picture and really understanding what is important to YOUR FAMILY. We don't use cookie-cutter ideas; we design plans built to accomplish YOUR SPECIFIC GOALS! By understanding how various investment tools, accounts and strategies work together, we look to control what we can, and limit the effects of the things we cannot.
Think about it like going to a doctor. If you just have scratch on your arm, you can handle that yourself. Put a little disinfectant on it and a bandage. But say now you have an emergency, or you suspect that you may have a bigger health issue. Do you "just handle it yourself" or "look it up on WebMD" and figure that will be good enough? Or maybe you figure the guy at the office that had a similar health issue can give you advice on what you should do? That will probably be good enough, right?
No, you seek the assistance of a doctor, a trained professional. Someone that will plan the best course of care for you that is available. Someone that knows and understands exactly what treatments will work the best for you now, and over the long term. That is exactly the value of working with an experienced, CERTIFIED FINANCIAL PLANNERTM Professional and their team. We will design a financial / retirement income "plan of care" to control what we can and lessen the effects of situations like we are currently experiencing right now.
The planning serves as a guide to help you survive storms that we encounter such as the severe market corrections we are seeing right now. The unknowns we are experiencing right now are scary. We all realize that. But you do not have to face all of these storms alone, or without a plan. That is what we are here for.