Between them, they had put over $600,000 in various 401(k) plans and IRA’s, but they didn’t understand the first thing about the mutual funds their advisor had put them in. They didn’t know what a mutual fund was, what each fund invested in, and how they were supposed to work together in up, down, and sideways markets. Of course they hadn't done hardly any of the things they were supposed to do and had actually lost money the past year ... and were not matched to their understanding of risk at ALL.
A curious thing happened next when my new client dropped her rather large purse from the table and a bunch of coupons fell out for various grocery store items.
The one I helped her pick up was 30 cents off Crest toothpaste. I’m not one to ignore a discount; however, we spent the next 20 minutes discussing how inconsistent it is to have over $600,000 of retirement dollars invested for retirement and NOT understand much about how all that money works in your plans -- BUT have a 30 cent coupon for Crest tooth paste.
We had a good laugh, and they then vowed to begin to learn about how their money worked for the future of their family, their retirement and their own piece of mind.
If you, or someone you know, can’t understand your financial statements, your 401(k) plans, OR your overall family financial direction, isn’t it time you interviewed a company whose main goal is an educated client? All of us at Giffin Planning and the Ensphere companies pride ourselves on teaching our clients how their money works. A well-educated client is paramount to a balanced relationship.
If you would like a professional overview of your holdings or just a second opinion, drop Chris in our office a note or leave your email at www.enspheremg.com, and we will tell you how a no-obligation consultation can be scheduled with one of our CFPs.
The meeting is free, the overview is constructive, and the outcome is priceless!
Mike Giffin, Ensphere Marketing Group
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