It was a rough time, no one seemed to know exactly what to do when these things happened, no one in our family at least. Well, I guess that makes sense since none of us have lost our mother before, we knew it was coming but no one from our family understood the process for how to deal with a lost one’s estate. In her will, she dictated that Dad was to be the executor of the estate but he hasn’t been well for years, definitely not well enough to make financial decisions. Apparently, they’d done some investment planning at some point in their adult lives but as of yet, none of us really knew what was going on. My brother-in-law was in the financial sector so maybe he could help us sift through all of this once the funeral was over with. I’ve heard of things getting really nasty between family members when stuff like this happens and that was the last thing that I wanted for our family. I’m just hoping that Mom’s will was drafted by someone professional, someone who knew exactly what they were doing so that there would be as little grey area as possible. It’s in the grey areas that things can get muddled and the confusion mixed with the tension and old familial rivalries can spark up a feud that everyone would be better off without. We just heard earlier this morning that she had passed away during the night and again, we knew that it was coming but still, I wasn’t really prepared for it. I had to work and get the kids to school still, I just felt like I was kind of in a haze while I went about my morning routine. I was supposed to get a phone call from some financial advisors I was told , I think they said it was supposed to happen within the next several days. We had to go to Texas for the funeral and then the family was supposed to get together afterwards for the reading of the will. I knew that Mom and Dad didn’t have much but they both worked their entire adult lives and were extremely frugal so I imagined that there had to be something waiting for my siblings and I. It didn’t matter much to me, I mean, I didn’t want the state or the federal government to take everything by any means, but I was terribly concerned about the house or whatever may be waiting for me. I was just trying to process still so all these details that were swimming around in my head were just getting trapped in the bubbles as they briefly floated to the surface of my mind before they popped and disappeared. It got me thinking about financial planning services, I had a 401K plan that I’d been contributing to for several years but it wasn’t going to be enough, especially since social security wasn’t going to be around to help out when we need it.
As an employee for the State, I have access to financial advisers that are part of the benefits we get as State employees. While I have worked here for several years, I have never really considered taking advantage of whatever services it is the financial advisers can offer me. I don’t make much money, and I’m not sure what my long time and long term career goals are, so I don’t know if I plan to stay with the state or not. But regardless of how long I’m an employee with the State, I can still use the financial advisers that they have available for us, and I can try to get a plan set up and in place for me now so that I have a solid path to start from if I ever decide to move on and not stay in this job. But it is really the investment planning services that I plan to most utilize in my meeting with the financial advisers. I don’t know the first thing about investments, and I’m concerned that I don’t have anything invested at this point, and that for my future that will mean an inability to have income when I am no longer working. I have always shied away from investment planning services because I just never really understood investing or investment planning. I didn’t want to get caught up in something that I didn’t really understand, and I was also living on not much money and I needed to use it all every month for bills and expenses. I couldn’t really afford to put any aside into investments, especially into investments that may lose money and that I would not be guaranteed a return from. This is the main reason that I have decided I need to meet with an investment planning services team, or even just one person who understands this type of planning, because I don’t understand it and that makes me afraid of it. I don’t want to be afraid to plan for my future, just because I don’t really know how to invest, or where or how much. So, I am going to make a change this year, and I’m going to learn more about it. I’m going to get more involved in my finances and my money, and I’m going to meet with a financial planner and talk about my money, wealth creation, investments, and anything else that I don’t really understand at this point. I want to take control of my finances this year, and feel like I am going to be prepared when the time comes, and like I am going to be able to fund my retirement, because I took control when I was young enough for it to still make a difference. A financial planner will be able to help me with that, and they will show me how to utilize the investment planning services that I have always been so afraid of. This will be the year that I take back that control.
After spending most of my 20s and the early years of my 30s trying to become a professional soccer player, I realized that I needed to start looking to the future. Luckily, even for those of us who start late, with investment planning, retirement is a reality. I had been an incredible player in college. I was a defenseman and no body could score on me. Because I was so good in college soccer, I thought that I would be able to move to Europe and become an international super star. It didn’t work out that way. I moved to Italy and played in their minor league for a number of years, but I always had trouble finding playing time. As a result of that, I was constantly getting kicked off teams. I decided to move to Scotland because I had a friend that was a talent scout for one of their minor leagues. My first two seasons in Scotland, I played as a starter. My team won the minor league championship there the second season. I got a lot of looks from some of the teams in the Premier league of Scotland and I thought that after one more season in the minor leagues, I could move up. I got a call from the Glasgow Rangers that they wanted me to come for a tryout. When I arrived, they were very impressed. But when I went back to my minor league team, I tore my ACL. I went back to the US to do my rehab and my healing process took longer than I had wanted to. It took me a year to get back my form. During that time, I started thinking about the future and investment planning. But I was still too obsessed with soccer to give it up. I decided that I would give the US a shot. I tried out for several MLS teams but I never made one. I played minor league soccer for 6 years in the US. But, I was never able to make the jump to the pros. When I was 32, I finally gave up on my dream and decided that I needed to get ready for the future. I pretty much had nothing. Soccer never provided me with enough money to save so I was starting at square one. The result is that I worked for my dad’s construction company for a few years until I was able to start my own business. I started a soccer supply store. I sold mostly clothes and shoes but also balls, nets, and cones. The most important decision that I made at that point was my decision to seek out professional help with my investment planning. I want to retire when I’m 65. It’s not as easy as it used to be. But now, I have a strategy that will guarantee that my business will make enough money to invest so that the returns are great enough to allow me to travel the world in my golden years.
When it comes to investing and other financial matters, it can be hard to know if you are managing your money and assets in the best way possible. The subtleties of investing are confusing, and without extensive knowledge, it is risky to make an investment. Investment professionals can assist you in figuring out the best way for you to invest. Investment professionals known as financial advisors can assess various pieces of information to come up with a good way for you to invest. By utilizing a personalized approach, your advisors can create a plan that can realistically accomplish your investment goals. Countless different factors contribute to the success of failure of an investment. It is impossible to know exactly how any specific investment will do. The goal of consulting professionals is to make investments based on the most and the best information. Your financial advisors can explain the risk involved in any investment. They base these estimates on prior experience, information regarding the economy published by economic experts, and various other reliable sources of information. Before you invest, you should tell your financial advisors what your goals are for investing, what your net worth is, and any other information that can help them utilize your investments in the best way possible. The more information you give them, the more they will be able to use that information to help you. Some investors want to invest their money in a safe and conservative portfolio that will not increase greatly in value, but will not lose money either. Other investors tolerate more risk in their investments because they hope the riskier investments will pay off eventually. Higher risk investments can sometimes increase in value far more quickly than low-risk investments. For retirement funds and other funds that you must rely on to live, you may want to focus on low-risk investments. The good thing about having a diverse portfolio is the fact that it allows you to have both high-risk and low-risk investments. Having some high-risk shares in your portfolio can be good. You should simply have other low-risk investments to balance them out, in case any of the high-risk investments cause you to lose money. These investment strategies are part of a field known as investment management. Investment management is an important service to request from whatever financial company you choose. Investment management is the means by which your financial advisors set up and maintain your portfolio. It is a delicate process by which they carefully craft a portfolio for you that will suit your goals. Investment portfolios can be an excellent way to increase your money and assets, as long as you have had it set up by professionals. On the other hand, a poorly invested portfolio can cause you to lose a lot of money. This is all the more reason to be highly selective when choosing your financial advisors. Financial planning is not limited to setting up an investment portfolio, though. Companies that provide financial planning services can help you with virtually every aspect of managing your finances.