In Search of Financial Security

Financial security used to be simple. You worked hard at the same job for a lifetime and then retired and lived on your pension and social security. It was normal to avoid credit cards and to have your home mortgage paid off by the time you retired.

Now, unfortunately, all bets are off. Financial security has become an elusive ‘moving target’ as job security and pensions have vanished and the investment world has become increasingly complex. To make matters worse, many financial professionals and the retirement projections they provide fail to give clients the full picture when it comes to “risks” and “shocks” such as job loss, divorce, widowhood, disability, ill health, or economic and market turmoil.

Modern financial security might best be achieved via financial preparedness. Here are a few of the steps:

organize and understand your financial situation and paperwork,
understand which legal documents you should not live without;
understand which “risks” can and should be covered;
understand what can be done to prepare for personal and economic “shocks”
understand how much you should save for your future and how much you can safely spend in retirement.

You are not alone on your quest to get “prepared”. There are professionals who provide education, advice and assistance.

Although facing life’s uncertainty is not always comfortable, the good news is that we are all much stronger and more resilient than we know. We do survive life’s unexpected challenges, we adapt to change, and we are usually better people because of it.

Securities offered through Registered Representatives of Cambridge Investment Research, Inc., a broker-dealer, member FINRA/SIPC. Advisory services offered through Cambridge Investment Research Advisors, Inc., a Registered Investment Advisor. Cambridge Investment Research, Inc. and Financial Planning Center for Women, SC are not affiliated. Cambridge does not offer tax or legal advice. Fixed insurance services offered through Financial Planning Center for Women.

Check the background of investment professionals on FINRA’s BrokerCheck: https://brokercheck.finra.org/

This communication is strictly intended for individuals residing in the states of AZ, FL, IN, MD, MI, MN, NC, OH, TN, & WI. No offers may be made or accepted from any resident outside the specific states referenced.

The information being provided is strictly as a courtesy. When you link to any of these websites provided herein, Laura Wilcox makes no representation as to the completeness or accuracy of information provided at these sites. Nor is the company liable for any direct or indirect technical or system issues or any consequences arising out of your access to or your use of third-party technologies, sites, information and programs made available through this site.