MONDAY, MAY 1, 2017
We all have our strengths and weaknesses and it's why we work in teams here at Parr Insurance. We try to play of our collective strengths so that our service to you is a better experience.
The same holds true with families. It's very typical for one spouse to handle the bills while the other may be better at making sure the kids are all squared away for school and sporting events. It's human nature and we can fight it or we can use it to our advantage. The most important thing you can do is know your own strengths and weaknesses. Then you need to know the rules of the game.
At Parr Insurance we strive to know the rules of the game. In our eyes we see it this way: Uncle Sam picks the game and sets the rules. It is up to us to understand our rights and benefits within the rules of the game. Taxes, social programs, and cash flow.
You need a team around you that understands reality. I'm 41 and as a Gen X'er realize that the days of putting in 30 + years in a factory and collecting a pension at 65% of my last few years of income are long gone. 401k's and other defined contribution plans were made to supplement pensions not replace them. It's our job to understand this and share the realities of this with our clients. We really want to be that partner that we can guide you away from the pitfalls of traditional investing. I don't believe in it for a reason. I've seen to many retirees shooting for the stars in the market only to be beat up during "corrections". I've seen to many wives put 100% faith in the husbands to make the right financial moves when it is really them who are more savvy with their money. I've heard to many make a strong stance on their financial plan that I can unwind with two or three questions.
This isn't about being right or wrong. It's not about being perfect. It is about knowing what can be done and how to avoid simple missteps. It is about working with someone who you can call and not feel ashamed or embarrassed to talk to. That's not advising. That's not what you should be seeking.
Get out there and find a strong partner who can help you with this stuff. It's nobody's responsibility but your own. Humble yourself and ask for help. If you get a snarky comment or response then you've simply not found right person. Keep looking. They're out there.