SJM Money — Banking_R2_Dept 5 / 24 / 22 8 : 02 PM Page 3 their retirement planning . ” sured perspective providing context to That trust helps ensure a client and those uncertainties can both offer reas - their advisor are on the same page in surance and stay your hand when it’s S J M | M O N E Y creating the plan best suited to an tempting to overreact out of alarm . investor’s needs while being flexible “ The past two years have been an enough to adapt to both macroeco - emotional time for clients : It’s a time M nomic and individual changes along when having an advisor showed its value the way . in putting people at ease in uncertain “ Having a financial plan in place is times , ” observes Fessler . “ Humans and as we’re experiencing right now , ” says actually creating a road map , as opposed also the markets are uncertain . When Amy Begnaud . “ If a client is taking every to just buying some investments , fear of the unknown is highest , that’s last penny of income that’s being pro - crossing your fingers and hoping what we’re able to come back to the duced off their portfolio , then we’re not for the client and say , ‘ This is the plan , we have able to generate a buffer to help with best , ” Amy Begnaud says . “ A financial multiple strategies working for you so if future unforeseen expenses . That’s not plan is an ever changing document one is not doing what we intended , we thinking ahead — and what we try to do where we make ongoing adjustments have multiple lines . ’ ” as financial advisors is always look with our clients as their goals evolve and Managing investors ’ emotions has ahead . ” change . ” ? always been a significant component in Retirement itself is a thing best retirement planning , which is why trust approached in two phases : In most cases , — Liz Hunter contributed additional between both parties needs to be a two - one’s 20s and 30s are guided by accumu - reporting to this article . way street . lation’s more aggressive approach ; the “ It’s not just about the numbers : It is second phase , decumulation , reflects the SPECIAL ADVERTISING SECTION very much a matter of trust that works more conservative approach wealth both ways , ” Rich emphasizes . “ We need managers and other financial experts Claritas Financial Partners to be working with people who want to tend to take as individuals grow nearer to 1 Holtec Drive , Marlton NJ 08053 be proactive about their financial plan - their target retirement dates . ( 609 ) 888 - 6779 ning , and they need to know it’s OK to Both phases have their danger zones Janney Montgomery Scott , LLC speak up when they’re not sure about and pitfalls , which are exacerbated by 701 E Gate Drive , Mount Laurel , NJ 08054 something so we can stop right there times of economic troubles or market Member : NYSE , FINRA , SIPC and talk about how an approach fits into downturns . Having an objective , mea - ( 856 ) 291 - 5000 SOUTH JERSEY MAGAZINE volume 19 issue 2 SouthJerseyMagazine.com 20 |