Greetings! I trust that this will find you well and enjoying life.
I have a question for you today. If there was a missing fact or piece of information that was costing you a significant amount of money now or would cause a significant problem in the future, when would you want to find out about it? Today? Five or ten years from now? Never? If that fact or piece of information was a must know fact, would you agree you would want to know about it prior to making any type of financial decision, especially that put your money at undue risk? That’s what makes our firm different! We believe in identifying all the facts necessary to make a sound decision that is in your best interest before making the decision.
I had a case last week that made this overwhelmingly obvious to me. A client that asked me to provide ideas on investing $300,000 for purposes of income, of his ninety-year-old mother’s money, as some bonds had been redeemed and too much cash was on hand. After a fact-finding meeting with the client and his siblings where all of the facts that applied to all parties involved were gathered and a thorough analysis of the situation was done, an unexpected result occurred. We determined that rather than investing the money based on an income objective for mom, they should be investing the money based on the objectives of moms’ heirs. Mom in fact had quite a bit in another form of asset that is more efficient to take income money from at this time. Furthermore, there are major estate planning benefits affiliated with growing the $300,000 and transferring it to the heirs, rather than the less efficient assets Mom can be utilizing now. Had we said OK here are some appropriate ideas for income for your moms $300,000 and not gotten all of the important facts and critical information about all possible persons affected, we would have missed out on a serious estate planning strategy that is worth a lot of money to Mom and the heirs.
This is what makes our firm different, we believe in identifying all of the facts prior to making a decision. Speaking of that if it has been over a year since we went over your situation, goals, and objectives, it’s important that we get together to make sure that you don’t have any money falling through the cracks or are missing any lost opportunity. Give us a call and schedule a time to come in. Looking forward to seeing you.
Best regards,
Jeff Christian CFP, CRPC
It is easier to do a job right than to explain why you didn’t.
Martin Van Buren