Uncertainty and Change

Share Post: facebook Created with Sketch. twitter Created with Sketch. linkedin Created with Sketch. mail Created with Sketch. print Created with Sketch.

Published By: Mark Petersen | LinkedIn

We live in a world of uncertainty! On November 8, 2016 most Americans thought they knew who the President-Elect would be. After all, we were informed by pollsters leading up to the Presidential election who was leading and the probable outcome. Many were surprised the following Wednesday morning when the results were revealed. Much of the consternation relates to the uncertainty surrounding the incoming President, his policy views and his ability to govern. Combine this with a Congress consisting of a same-party majority in both the House of Representatives and the Senate and one conclusion may be apparent: change is inevitable. Heraclitus recognized this with his quote in approximately 500BC: “The Only Thing Constant is Change”.

While there may be different opinions on the order and perhaps the list, many people agree that some of the most stressful events in life consist of:

1.     Death

2.     Divorce

3.     Relocation

One thing that all three encompass is change. Many people are comfortable with the status-quo. They, therefore, develop routines which provide consistency in expectations of a perceived outcome. Any disruption to the expected outcome results in potential uncertainty the next time a routine is commenced. There are multiple events in life which lead to change. Some are by choice and some will happen regardless of individual action. The list includes, among others:

1.     Leaving the workforce and no longer receiving a paycheck

2.     Selling one’s business

3.     Living off investment savings or vested benefits (pension or social security)

The unknown of these changes is often times stressful. It is common to turn to family, friends or trusted advisors to seek comfort and stability. We have all heard the phrase, “You are my rock!” which refers to a stable, grounded individual who provides refuge and guidance when turmoil ensues. At Carson Wealth Management (CWM),

We often talk about helping you take the emotion out of the decision-making process. As an Independent Advisor with a fiduciary responsibility to do what is in the client’s best interest, the firm strives to be the voice of reason in the eye of the storm, with the goal of helping you make the best decision possible.

CWM prides itself on helping our clients maintain a Wealth Plan and Portfolio Strategy to provide guidance to confidently accept or initiate change. If you are seeking stability in a world of constant and increasingly rapid change, call your Wealth Advisor or a member of the Wealth Enhancement Group to get started on your plan to potentially reduce uncertainty and calmly address the changes that are inevitable in your life.

 

Share:
facebook Created with Sketch. twitter Created with Sketch. linkedin Created with Sketch. mail Created with Sketch. print Created with Sketch.
Share Post: facebook Created with Sketch. twitter Created with Sketch. linkedin Created with Sketch. mail Created with Sketch. print Created with Sketch.

RECENT POSTS

Carson Investment Research’s Outlook ’23: The Edge of Normal

At long last, The Carson Investment Research team is proud to officially release our 2023 Market and Economic Outlook, aptly titled Outlook ’23: The Edge of Normal. You can download the whitepaper here. As you are all painfully aware, 2022 wasn’t pretty for investors – it was the first year …

What Documents You Should Provide to Your Tax Preparer

Mike Valenti, CPA, CFP®, Director of Tax Planning Tom Fridrich, JD, CLU, ChFC®, Senior Wealth Planner It’s January, so it’s officially tax season! One of the most common client questions heard by tax preparers is, “So, what do you need from me?” The short answer to that question is often, “ …

Planning for Your First Required Minimum Distribution in Retirement

Mike Valenti, CPA, CFP®, Director of Tax Planning Qualified retirement plans – such as 401(k)s, 403(b)s and IRAs – offer clear tax advantages. Traditional 401(k)s, 403(b)s, and IRAs offer a tax deferral on contributions and growth until distribution. Their Roth counterparts can provide an i …

How to Leverage Tax-Advantaged Accounts in 2023

Kevin Oleszewski, CFP®, MST, EA, Senior Wealth Planner  As you’re setting your new year’s goals, one that should top everyone’s list is increasing your savings. After all, we’ve recently seen inflation at work, reminding us that even everyday essentials can bust budg …
1 2 3 91 92 93

Get in Touch

In just 15 minutes we can get to know your situation, then connect you with an advisor committed to helping you pursue true wealth.

Schedule a Consultation