As you inch closer to retirement, what excites you the most? Knowing you'll no longer have to sit behind a desk crunching numbers, spending more time with your kids and grandkids, or finally having the freedom to live the lifestyle you've always wanted?
Retirement may be a stressful time in your life. You might be struggling to get all your accounts and estate in order or wishing you had started saving earlier.
Thus, many people will spend countless hours of their day trying to figure out how to beat the market index and worrying about their accounts fluctuating.
It may seem like the return on your portfolio is the most important thing to your future. The thoughts "if I could just have this," or "if I could just save enough for this," create a mental bind to our money and we tend to base our entire future off of it.
Financial advisors help ease this mental block. The purpose of hiring a financial professional is to outsource that part of your life so you no longer feel the responsibility to manage and stress over your accounts.
Now that you've hired a professional to manage your finances, you should feel a weight lifted off your shoulders. You can live a more exciting and stress-free day without a nagging feeling to check up on your portfolio.
In doing so, your advisor is freeing up that time that you'd be spending sitting at your desk, watching the S&P index.
Creating experiences with the people you love is the return that really counts. Spending time with your wife, husband, kids or significant others is lasting. Creating memories is so much more valuable and important that the hours you would spend tweaking your portfolio.
In the end, you'll get a much better return on life when you let a professional take the reins to help with your financial goals. It will increase your chances of happiness, better mental and physical health and a better life.
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Alex Bishop, CRPC®, MS, is a Private Wealth Advisor and Franchise Owner with Bishop Financial Partners, a private wealth advisory practice of Ameriprise Financial Services, LLC in Huntersville, NC. He specializes in fee-based financial planning and asset management strategies and has been in practice for 24 years. To contact him, https://www.ameripriseadvisors.com/alex.h.bishop or alex.h.hishop@ampf.com.
Ameriprise Financial cannot guarantee future financial results.
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