When your constructing your financial plan the investments have to be the last part of the plan. You need to understand how your accounts will be distributed during retirement long before you can consider investing. We believe individuals have been conditioned by investment companies and investment professionals to think the investments are the plan. Investments are not the plan. They are a piece of the plan; a small piece of the plan. The financial industry has become commoditized and you can get most investment products through practically any investment company and/or investment person.
We believe most people take more risk than they realize. Think about how much your accounts fell in the financial crisis of 2008. If you would have realized that your accounts could have fallen that much, would you have take that much risk?
Do you describe your investments as Conservative, Moderate, or Aggressive? These mean different things to different people. What do they mean to you? What do they mean to your financial Advisor? Do they line up?
Do you know the real risk that you are taking with your investments? Do you know how much your accounts could fall if the market drops? We think you should.