Recently a couple who are a couple of years from retirement came to see me. They wanted to know what they could do to improve their situation prior to retirement.
The husband had an extremely unrealistic view of their situation; whereas the wife was extremely realistic about their limited resources and income.
The husband shared at least two unrealistic property ideas that would damage their future rather than improving it. When asked to explain his ideas, the answer was “I thought it’d be a good idea”.
Explaining it was possible for ‘good ideas’ to turn out as less than great ideas where they haven’t been thoroughly thought through, costed and funded was challenging because I didn’t want to hurt his feelings. Yet the relief on the wife’s face was clear when he acknowledged it probably wouldn’t be a smart move. At the start of the discussion she’d been sending him evil looks!
Why tell you this?
Sometimes you need an impartial third party to save your relationship from being stressed by conflicting financial goals.
Plus there are many ways to get your financial strategies on track you possibly hadn’t thought were possible.
These are just two of the hidden benefits of using a financial planner.
Talk soon, Gayle
