Independent Financial Advisor / Sportfishing, San Juan Capistrano

Are You One of the 62% of Americans Making This Financial Mistake?

Written by Rick Jensen on .

 

If you’re worried about your finances and future retirement, you aren’t alone. Americans’ fears regarding their lifestyle, medical bills, and retirement continue to increase each year. More than 50% of Americans worry about not being able to maintain the standard of living they enjoy, and 64% are worried about not having enough money for retirement.

Why the steady increase in anxiety and stress? As we get older, life gets more complicated. We juggle all our responsibilities and try to maximize our time so we can focus on the things we’re passionate about. But in the midst of that balancing act, it’s easy to get overwhelmed with the necessary but overwhelming tasks, such as financial planning.

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This may surprise you, but nearlyhalf of Americans don’t know where to turn for financial advice and support, and 62% don’t work with a financial advisor of any kind.

Rising Above the Statistics

The good news is that you don’t have to be a statistic. You can change how you feel about your finances and how you enjoy your lifestyle without winning the lottery.Studies show that people who work with an advisor are more likely to feel less stressed, have more confidence in their savings, be more knowledgeable about their retirement opportunities, and be more aware of their spending habits.

But perhaps one of the best things about working with an advisor is that there’s never a bad time to start. Just as it’s never too late to start saving for retirement, it’s never too late to come up with a plan to ensure a thriving financial future.

When to Turn to an Advisor

Even if you feel confident in your finances and future retirement, you may not realize you’re making common mistakes or missing out on investment opportunities that could significantly increase your savings.

If you’ve experienced one of the following events in the last year, an advisor can help:

  • You had a baby

  • You changed jobs

  • You lost a job

  • Your salary changed

  • You started a business

  • You bought a house

  • You got married

  • You got divorced

  • Your kid graduated high school

  • You or a loved one experienced a severe disability or illness

  • Your spouse passed

Additionally, an advisor can help if you’ve faced one of these questions in the last year:

  • Is my spending in line with my income?

  • Can I afford a second home?

  • Should I save for retirement or my child’s college tuition?

  • How much do I need to retire?

  • Is life insurance appropriate for my situation?

  • How much should I contribute to my 401(k)?

  • How should I invest my savings?

  • Am I saving enough?

  • When can I retire?

  • What can I expect from my Social Security benefits?

  • Is Medicare enough coverage for my needs?

  • How can I help my kids make smart financial decisions?

  • How do I gracefully exit my business?

Finding the Advisor For You

Why do a majority of people go it alone on their financial journey? For many, it can be intimidating sharing the personal details of your finances with a stranger, especially if you feel you waited too long to get financial help.

Life goes by so quickly, and before you know it, you may find yourself ten years away from retirement. But getting started late is better than not starting at all. We want you to know that we understand and that we will always be judgment-free. We aim to make the process as pain-free as possible, taking time for us to get to know each other personally before looking at a single account statement.

How pain-free can it be? Let us show you. If you or someone you know has yet to meet with an advisor about their retirement, shoot us an email or give us a call for a commitment-free introductory meeting. We want to take away your financial stress so that you can enjoy your life and spend more time on the water! Set up an appointment with me today by calling me at 949-481-1807 or emailing This email address is being protected from spambots. You need JavaScript enabled to view it..  I look forward to hearing from you

Meet Rick

Over a 25-year career in financial services, Rick has helped hundreds of business and personal clients meet their investment goals by developing risk-efficient portfolio management strategies. He holds degrees in Economics and Psychology from the University of California, Irvine.

The water is Rick's second home: He and his family have been fishing Southern California and Baja going on four generations. In the 1940s, his grandmother worked at the Cannery Restaurant in Newport Beach—when it was an actual Albacore cannery. In the 1950s, his father was on the crew that built two of the boats still in service at Dana Wharf Sportfishing.

To schedule a complimentary wealth consultation or to get a second opinion on your financial plan, contact Sportfishing Financial today. To learn more about Rick, visit his website and connect with him on Facebook. To ask a question or get our list of upcoming fishing trips, call 949-481-1807 or email This email address is being protected from spambots. You need JavaScript enabled to view it..