Ep 94: Don’t Screw It Up

When it comes to your investments and your financial plan, the last thing you want to do is mess it up. We talk through a few ways this can happen and how to avoid them.

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Things You’ll Learn Along Today’s Journey

What can cause issues in your financial plan? Let’s discuss ways to save you from making the wrong financial decision, especially close to retirement.

It’s important not to make any sudden decisions. When you retire, you might look around and say, “now what?” Instead of jumping into something, take some time to process and transition slowly. Make a plan for what you want to do and work towards it. Work together with your financial advisor to make these decisions.

Be careful to not jump into an investment you don’t understand. Just because your neighbor did something, doesn’t mean it’s right for you. Not only that, but you might not be getting the whole story. Investments are the tool to accomplish our goals. So, if you understand what you’re investing in, you can better understand how it helps achieve your goals.

When you work with an advisor, they are there to help you. More than simply investing, you need to make decisions about the comprehensive plan. Understand the choices you are making and what tools are out there. If you’ve been doing it on your own, consider whether or not you want to continue spending your time in retirement doing it all yourself. An advisor can create some clarity in your plan and help you sort through the complications ahead.

Listen to the entire episode or skip ahead using the timestamps below.

[0:51] – Don’t make any sudden decisions. 

[5:02] – Don’t jump into investments you don’t understand.

[8:07] – Work with a professional. 

[9:36] – The plan is more than the investment.

[11:24] –  Do you want to DIY? 

Looking Back From The Mountaintop

“We can make decisions together. Not that it’s my decision to make, but my job as an advisor is to help guide the decision-making process.”

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MEET YOUR HOST...

For over a decade, Sean Lee has helped families reach and maintain their financial goals. As a trusted advisor, he coaches and assists his clients with their financial goals by focusing on the fundamentals and takes a practical and personal approach when working with them.

As a trusted professional in Utah, Sean has been featured in The Wall Street Journal’s Market Watch, The Deseret News, The Salt Lake Tribune and USA Today. He has also been featured as a local financial advisor on Utah’s NBC station, KSL 5.

Questions for Sean?

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(801) 639-0095

slee@erg-slc.com

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