Retirement

Stocks – Hold or Sell

There are a lot of different philosophies on the subject of if you should stay in the market through the up and down times or not. Some of my friends say they get out when it is high and then buy when it is low. They swear they make a ton of money doing it that way. Yet, I don’t have a crystal ball on when the Stock Market is at around the top and not going any higher. I would have felt bad jumping out of the Stock Market when it was even at 20,000 and then waiting for a crash. I would be missing out on all these dividends and growth we have been receiving.

Financial Planner Costs and Questions to Ask

We have taught our boys to shop around for the best Financial Planner that they like. We have told them to do research on different Financial Planners from what they charge and more. We want them to feel good about who they work with and are able to talk with them comfortably. If they do choose one to work with, we prefer Free of course or if they do pay, then to pay a fixed cost.

November 2020 Financial and Goals Results

November didn’t go as expected for sure. But isn’t that life? Anything can happen at any second so we just keep trying to show gratitude for our family and keep letting ourselves know that things will work out as God has planned for us.

Consult with your Financial Team Yearly

Everyone has different situations and goals in life. Not everyone may need to have a Financial Team or if they have one maybe they don’t need to see them yearly. For instance, my Mom who has no Assets and lives in a Nursing Home doesn’t need a Financial Team. We hope though our boys will acquire a lot of Assets in their lifetime and need a Financial Team along their journey to Financial Freedom.

Plans Change and it is

We teach the boys that it is OK to change their Financial Goals plan along the way. That things will come up and goals or plans will change and to accept the change.

Inflation Factors in your Retirement Projections

Most people that work at a job hopes to get a pay raise each year. Some employees want them more than once a year. Wages is one of the largest expenses they have to run their business.Most people that work at a job hopes to get a pay raise each year. Some employees want them more than once a year. Wages is one of the largest expenses they have to run their business.

Most Important Opinion is Yours

Bottom line with all the news and experts out there the final decision when it comes to our Personal Finances is our own. That is what we teach our boys when we are teaching them our rules to Financial Freedom.

October 2020 Financial and Goals Results

October just flew bye way too fast. Darlene is still healing over her loss of her Sister last month and trying to deal with Logan leaving for the Nany in a week. We will be glad when 2020 is over. Let’s all hope 2021 is a much better year. I don’t see how it could be any worse.