Mar 11, 2021
Next time you’re cleaning out the house, what do you think you’ll find in the junk drawer? You know the one we’re talking about. We all have one where things go to be forgotten.
The same thing happens in financial planning. There are certain products that don’t need your frequent attention on those items always end up becoming an afterthought. But what if you took the time to dig through those files and determined whether each investment was still useful?
That’s what we’re going to help you with on this episode of My Smart Retirement. Sean and Nancy will talk about the most common planning items and investments that end up in a person’s financial junk drawer and why they might not be as useful as they once were.
Think about things like a will or trust you put together much earlier in life. Or what about that old life insurance policy you bought years ago. Are you still getting what you want out of these things? If not, it might make a lot of sense to repurpose that money into something that will be worth your time or attention.
It’s part of the process when we work with clients to constantly be evaluating and assessing everything in your portfolio to make sure it aligns with your goals and your needs. Hopefully this episode will give you some things to talk about with your advisor next time you meet.
Check out the full episode or use the timestamps below to hear a specific segment.
0:58 – Social Security
1:54 – Will or Trust
3:20 – US Savings Bonds
4:04 – Old Life Insurance Policies
5:28 – Speculative Land Purchase
7:04 – The most successful investors
For additional financial resources, visit us online: https://www.flemingfinancialservices.com/