So, so true… but why? It could be a lack of interest, the fear of failure, insufficient motivation or even a false sense of security created by the employer-sponsored plan forcing individuals to be indifferent. To be fair though, modern day life is complex with many priorities to be juggled, not to mention our basic human need for instant gratification....
That said, there's been one comment over the years we've heard more often than any other: “Sorry, but I just don’t have the money right now”, which fails to realize one thing, that it is never about the size of your wallet, because there are options for any situation.
It is about the desire to create a better tomorrow and maintaining the discipline to follow through. Because no matter how small your financial commitment may seem, there is one thing for sure... that over the long term those well-placed dollars will benefit you more than having done nothing at all.
Financial savvy can take a while, but the basics are fairly straightforward and rarely change. Change occurs with how you manage, spend or invest your money when impacted by either personal choice or life events. Also, individuals who embark on their own self-directed journey often get overwhelmed by books, software and seminars with limited perspective.
We provide a better way forward by creating a collaborative purpose-based approach…
Again, personal finance rules don't change. What changes is the influence personal choice or life events have on your current situation. For example, what your parents or grandparents did may not be enough for you. Their rules were simpler... spending less than you earn will always be beneficial, having a consistent savings plan is a good start, and preparing for a long-term financial need is a necessary function of life.
You probably heard these truths growing up but without being taught basic money management. Things like creating a spending plan, investing and asset allocation, tax planning or using insurance to protect future cash flows are foreign concepts for most. Your finances are just as much about the habits and values you choose to live by or, to put it another way, your mindset matters just as much as math.
When creating a client-centric plan, we seek to improve financial security beyond performance. Just as one gear needs another to work efficiently, we feel financial decisions generally require input from and coordination with other considerations.
In addition to our Tax and Accounting expertise, Abacus is a branch office of StoneX Securities Incorporated, formally SA Stone Wealth Management. You may collaborate with a licensed and experienced investment or insurance professional compliant with the industry's "Best Interest" of the client standard. All securities and insurance products are offered through StoneX Securities Incorporated, serving clients for over 100 years.
We all experience the constant pressures of family, career, community responsibilities and personal enrichment. In a world of constant economic, political and social change, consumers engage the guidance of financial professionals to achieve security and independence. Since 1993, we've been committed to the overall benefit of a purpose-based approach and work to promote public understanding of the value for engaging a professional.
We can help prepare wisely in the following ways…
*Accumulation Strategies*Maximizing After-Tax Returns*Post-Retirement Income Planning*Insurance Needs (Pre- and Post-Retirement)
Our recommendations are tailored to each individual and begin with an initial consultation. Our collaborative process continues as we build, work towards and monitor a customized program which helps navigate both short and long term financial needs.
** Service Disclosure**All recommendations assume your willingness to make the non-investment and/or investment commitments required. Pursuing a goals-based strategy is considered a year round activity, which means it should be based on updated data and assumptions after various life events have occurred. However, due to the dynamic nature of our economic, investment, insurance, and tax environments, no guarantees or assurances can be given.