Should I Wait Out Uncertainties in The Market and Start Planning When Things Settle Back Down?

In times of prosperity or hardship, your financial health should be a top priority. We all check in with our doctor, even in seasons of good health. Your finances are no different.

Finances can have a big impact on your lifestyle. Just ask people who wanted to retire during the 2000 or 2008 corrections. Many of those who had wanted to retire but did not plan beforehand suffered.  Some had to keep working. Others settled for a reduced standard of living.

Today’s challenges include rising taxes, inflation, interest rates, and market volatility.

It is understandable to be nervous about the future. Your bills are going up even if you’re not buying more.  Taxes are higher and more complicated. News of war, violence, and famine adds uncertainty.

  1. Take Advantage of Opportunities

Returning to the first question, let me answer with another question.  In these uncertain times, would you benefit from less help – or more?  Today, if you sit in cash, you are already losing money!  Look at your grocery or gas bill. Inflation of even just 10% a year means you can afford to buy 10% less simply by sitting in cash.

  1. Be Prepared for All Surprises

The AARP claims that 32% of Americans have a financial plan.[1] That’s less than 1 in 3 families.

I’ve watched families drown in the news cycle, only to end up depressed or in a panic. Others are too easygoing and ignore the bad news around them.

Rather than avoiding it, face your family’s challenges head-on.

  1. Protect Your Family by Seeking Help

A fiduciary advisor will help you understand real problems that affect your family. He can help you to prioritize what’s important and address tough questions to prepare for your future.

Advisors offer solutions to help deal with today’s volatility and advise against mistakes that you might regret later on. We help our clients budget, manage and diversify their investments, and leave a legacy for the next generation.

Complex and ever-changing tax and estate laws can feel daunting, but a fiduciary advisor can make these issues manageable for your family.


So, the real question is “Are you ready to work with someone who can help you face the future with confidence?”

If the answer is yes, give us a call.  We would love to help your family!


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[1]  accessed on May 16, 2022. 

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