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I always look forward to our summer Open House event at Keen Wealth, and this year’s edition was another big success. We had great food, great music, and lots of great company with so many friends and clients in attendance … But boy, did I catch heat from some of you folks!
You’ll have to forgive me if I’m feeling a little nostalgic this week, but like many of you, I’m in the process of packing up my son for college. I’m incredibly proud that Devin is setting out on his own path to study engineering at the University of Missouri – Science and Technology, even if there’s a tiny part of me that’s a little sad he won’t be stepping into the firm here at Keen Wealth.
When I sit down with other financial industry professionals to talk shop, many of them ask me why I devote so much time to the financial education of my clients and online audience via blogs, podcasts, and webinars. Recently, someone quipped to me, “Bill, before I go to the dentist, I don’t read up on cavities and root canals. The dentist tells me what to do, and I do it. Fiduciary advisors and their clients are no different.”
If you’re new to investing, or just trying to educate yourself so that you can play a more active role in managing your money, wading through all the financial terms and acronyms used in our industry might make you feel like you’re drowning in alphabet soup.
My daughter thought she was doing the right thing, the safe thing … And that’s how hackers drained her bank account. The hacks, viruses, and scams are coming at us fast in 2017. Barely two months ago we were dealing with WannaCry. Last week the Petya ransomware virus attacked the US, Europe, and the Middle East. But credit and debit card fraud has really hit home for me lately. When someone in your family gets hacked, it really strips away the illusion that, “Those kinds of things won’t happen to me.”
Thank you so much to everyone who joined us for Retirement Matters: What’s the Best Way to Take Distributions from My Retirement Plans? I hope this presentation provided some helpful perspective on how to put your assets to work for you once you’ve retired.