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Caution: Fragile Future (Handle Your Nest Egg with Care)

Do you feel the weight of the future? For most, it’s impossible not to. Especially when you’re dealing with your retirement fund, the money you’ve spent most of your working life accumulating. It might feel like that money is a fragile egg, tucked away in a tree, on a branch, in a nest near the top.

You feel the ever-changing weather around you. Each gust of wind that bends the tree, threatens to tip your egg out of the safety of the nest, and send it tumbling to the ground below. And I think we all know what happens to an egg that falls out of the nest -- it breaks. And just like Humpty Dumpty, if you make a big mistake, and your egg falls, it can’t be put back together again. They don’t make a super glue that can piece together your finances. Knowing that one wrong move could cause irreparable damage to your future can be terrifying.

It’s a Big Decision, But Not Your First

If you are married, how long did you know your spouse before saying “I do?” The average couple dates for 4.9 years before getting hitched. (Source: Brides) It’s understandable; marriage is a huge step and a big decision. If and when you decide to get married, you’re making a choice to spend the rest of your life with one person by your side. Yes, there is divorce, but no one gets married planning for things to end. When you walk down the aisle, you want it to be forever.

Let’s assume that you did find that one special someone you wanted by your side. You got married. You and your spouse have stood the test of time, and you are reaching the point of retirement. How much time have you put into the planning and management of your nest egg? After all, this decisions is arguably bigger than picking a partner for life. Your nest egg will fund you and that partner for the rest of your life. And if you’re like the average, that decision took you almost five years to settle on. If you retired at 65, you’ll need your money to last around twenty plus years—and with continued advancements in medicine, you could conceivably live much longer than you expect. Running out of money isn’t something anyone wants to happen.

Chances are your parents had pensions. They received a check at regular intervals. It made things supremely easy for them. But also likely, you do not have a pension. You probably have a 401(k), or an IRA. When you punch your timecard for that last time, you’ll walk away with an enormous amount of money all at once. But even though that balance is significantly larger than any single year’s income, is it enough? How do you access it to pay your bills, and fund your lifestyle? How do you make sure it keeps up with rising costs, and that you don’t outlive it?

An asset manager can help grow and monitor your money, and help to ensure you don’t overspend. It’s your money; an asset manager can’t—and won’t—tell you what to do with it. But, they can be a voice of reason and issue a warning if spending exceeds what’s sustainable.

An asset manager crafts a portfolio that takes into account your goals and values. If socially responsible investing is important to you, they will tailor your investments to match.

Take the guesswork out of planning for your retirement. You can’t afford mistakes, and guesswork could be your costliest one ever.

Your Nest Egg

Even if you love your job, and plan on working as long as possible, you should be saving for the day when you can’t work anymore. Like it or not, that day comes for almost everyone. Maybe you get to a point where you can no longer drive. Maybe your health starts to decline. Or maybe you just decide you’re done with the rat race. For whatever reason, someday it’s likely you will stop working. You should be saving for that eventuality.

Be it a company sponsored 401(k) or an IRA you set up all on your own, you should have a retirement account you’re socking money away into. That money, that account, becomes your nest egg--your fragile financial future. Handle it with care. Hire an asset manager to take the burden off your shoulders and safeguard your nest egg!

You may think you're doing yourself a favor managing your assets yourself. But you know what? It's not true, because here's what we've found... People who either manage their assets themselves, or hire a sales person to do it, they end up sacrificing their financial goals by making common, avoidable mistakes. But you have a third option. If you want to be like the 1 percent, who don't seem to worry about money and always seem to have enough, register for and watch our masterclass titled Retirement Made Easy-4 Steps to Create Financial Peace of Mind.

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