GreyWingFinancial.com Supports Analysis of the Benefits of Using Financial Planners
New York, NY (PRWEB) July 23, 2013 -- In response to Business Insider’s July 4th article entitled “Turning a Subsistence Retirement into a Luxurious Retirement,” GreyWingFinancial.com announced its support of the article’s claims. The article focused on financial professionals and their role in planning for retirement and providing those developing plans with retirement financial advice. Rather than treating financial professionals as optional, the article’s authors, Dennis Miller and Jeff White, encourage readers to view financial professionals as being as vital to financial “health” as doctors are to physical health.
Dennis Miller began his discussion with an introduction to a financial professional, Jeff White, who assisted in the composition of his article. Miller then handed over the reins to White who followed his introduction with the concept of treating financial professionals as one would treat healthcare professionals; just as one would go to a doctor for a yearly checkup, it is wise and strongly advised to see a financial professional for a yearly financial checkup. Doing so will not only make sure that the beginning stages of planning are accurate, but will allow future retirees to make adjustments to areas of the retirement plan that may not be giving the expected return or areas that have changed.
Due to the ever-changing, ever-shifting world of finances, few individuals are able to adequately comprehend the stock market and funds, and are therefore not adequately equipped to make large financial decisions without the assistance of a professional. As White’s article relays, just as a patient would not perform an operation, an individual without extensive knowledge of the financial realm should not make investments. The author’s metaphor closes with a final piece of advice: just as a patient would, in the event of a serious diagnosis, seek a second opinion, those in the financial planning stage of retirement should seek a second opinion.
Grey Wing Financial supports Miller and White’s claim that financial help should be sought when making retirement plans—and that help should be “checked up” on once per year. During these checkups, a financial professional can assist individuals in making financial decisions, ranging from the purchase (or ill advisement of purchase) of a vehicle, family life insurance, or remodeling one’s home. Just as a regular physical check up may reveal an unnoticed ailment, a regular financial checkup may find deficiencies, an investment in need of change, or simply offer an encouragement to hold fast to the financial plan already in place; in addition to finding possible flaws, a checkup with a professional financial worker acts as a source of accountability. Having a point in time each year to meet with a financial advisor may encourage individuals to remain consistent in the amount of money that is spent and saved, as these amounts cannot be hidden or overlooked. To draw a final parallel between financial advisors and medical professionals, just as a doctor is able to provide an unbiased account of one’s state of health, a financial professional can look into a family’s financial situation and provide an unbiased, clinical summation of what is there and what must be improved—a task difficult for those enmeshed in the financial decision-making process.
Dennis Miller is a financial speaker and writer, and has several books on the market discussing retirement and retirement finances. He began his career in retirement writing after losing his retirement savings prompted him to investigate and thoroughly familiarize himself with the ins and outs of the financial world—particularly as it relates to retirement. He spends his time working with current and future retirees, hoping to assist others in avoiding the loss he suffered.
GreyWingFinancial.com announced its support of Dennis Miller and Jeff White’s article strongly encouraging readers to work with financial professionals while constructing a retirement plan. They used the metaphor of a financial professional being a doctor of an individual’s finances, drawing parallels to the importance of a doctor caring for a patient’s health, and the importance of a financial professional taking care of a client’s financial health. Their advice is sound, offering readers a glimpse into why working with a financial planner is a necessity. GreyWingFinancial.com supports the analysis of the urgency of factoring the cost of a financial planner into a retirement plan as a necessity, rather than a luxury.
About Grey Wing Financial:
GreyWingFinancial.com is a website devoted to providing retirees and those looking into retirement with current retirement news and counsel.
GreyWingFinancial.com, Grey Wing Financial, (512) 774-4739, [email protected]
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