We were overwhelmed and we knew it. We had worked hard all our adult lives to get to this place called retirement, only to find that it was more complicated than we ever expected.
Initially the plan was simple. Earn enough money to cover expenses and save for the future. We worked that plan so well that one day we thought, “it’s time.” Time to shift gears into the next phase of our lives and that’s when it happened.
All our investments had been structured in the days of being fully employed when saving meant taking risks. Now we had to make the major mind shift to retirement, reduced risk and defined cash flow.
. . .We needed outside help.
Bruce and Bernie told us we had done an excellent job of creating wealth and building up our assets. We could be very proud of our accomplishments. We had raised two successful children who were now having families of their own. We were participating in our community in a meaningful way by giving back wherever we saw the opportunity. Our health was good and years of sweet anticipating lay before us.
There was one problem though, all our investments had been structured in the days of being fully employed when saving meant taking risks. Now we had to make the major mind shift to retirement, reduced risk and defined cash flow.
We needed outside help. That had always worked in our careers. When a problem presented itself to the company, we would first look internally for a resource to help resolve it. If the resource wasn’t to be found internally then we sought the best external resource we could find. And so began the process of evaluating and accessing who we might bring into our lives to fill that requirement.
That’s when we created our list describing who we would trust to partner with us for the next 25 years or more. We want to share our list with you. Maybe it can become your list as well.
We wanted someone who would be open, honest and upfront. Someone who would be patient and understanding with us as we worked towards a strong, trusting relationship.
Concerned for our personal life
We felt it was important to not only have wise counsel for our financial needs yet we wanted to deal with someone who understood us and our family situation. In that way we felt more certain that the advice we received would be more holistic and customized to us.
Shared information and knowledge freely
We wanted to deal with someone with excellent knowledge who could guide us in this next phase of our lives. Someone who would take the time to explain what they recommend, why they recommend it and what led them to decide on that approach.
This may seem odd, but we wanted to deal with someone who was human, recognized that they weren’t perfect and were open to flex on things when life served up its inevitable surprises. They had to be honest and open and trustworthy. That comes from vulnerability.
Whoever we chose to engage in this process with us had to be able to meet and even exceed our expectations.
When we met Bruce and Bernie, this is what we found. As a result we were very comfortable with them taking us through their process.