Month: March 2021

Your Advisor is Not Your Friend

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One of the biggest mistakes one can make is thinking of your financial advisor as your friend, instead of looking at it as a business relationship to provide you with sound financial advice.

A friend would actually listen to you when you say you want to take less risk.

A friend wouldn’t put in writing how much risk you’re really taking.

A friend wouldn’t put in writing, how much you could lose in the next stock market crash.

A friend wouldn’t tell you not to worry and ride out all stock market losses.

A friend wouldn’t put all the fees you pay in writing, even the hidden ones.

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Dan and Jim Win 2021 Five Star Wealth Manager Award

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For the 4th year in a row, Dan Ahmad and Jim Files are winners of the exclusive 2021 Five Star Wealth Manager award. Wealth Manager award winners are identified based on a rigorous research process and selected from among thousands of wealth managers for their knowledge, service, and experience. Dan and Jim are part of an exclusive group of wealth managers who have demonstrated excellence in their field by satisfying 10 objective selection criteria.

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Are You Having to Handle Money All By Yourself?

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Whether you are divorced, widowed, or a lifelong single person, planning your retirement finances and having to handle money all by yourself can be extremely challenging when you only have yourself to rely on. You only have one Social Security, maybe a pension, and the assets you as an individual have saved.

Establishing a written plan is crucial to ensuring your future financial success. A solid written financial plan should include the following:

  • An Income Plan detailing how much income you will receive each year and where each income source comes from so that you can be confident knowing your income will not run out.
  • A Risk Analysis stating how much risk you’re taking currently and how you plan on eliminating or managing any possible large losses to your savings. 
  • A Fee Analysis showing how much you’re paying in fees, both direct and hidden, as well as a way to reduce them.

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Five Financial Tips for Your Second Marriage

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financial tips for your second marriage
The financial stakes can be higher for a second marriage, so you’ll want to be prepared.

It’s no secret that about half of first marriages end in divorce, meaning many people will get married more than once during their lifetimes. If you find yourself getting ready for your second marriage, congratulations! Getting remarried offers a fresh start, a new opportunity to learn from the past, and time to build a life with someone new.

Before you walk down the aisle for the second time, however, there are several important financial steps you should take with your partner. Communication is always important in a relationship, but in some ways, it’s even more important in a second marriage because you will both be bringing more complexity and baggage with you – some of it financial.

Below are five steps you should consider before saying “I Do” for the second time.

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How To Reduce Your Fears About Your Money & Retirement

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If you’re retired or near retirement, we can help reduce your fears about your money and retirement.

We can create a written retirement income plan for you that will serve as a roadmap, like navigation in your car, to make sure you don’t get lost during retirement.

We can help eliminate your fear of running out of money by helping you create dependable income guaranteed for life.

We can help you protect and grow your assets without taking excessive risks, by using multiple, conservative asset strategies, making sure you don’t lose what you’ve worked so hard for.

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