Bil & Wes Sadler with Sadler Capital Management Plan for the Financial Future
Monday, November 8th, 2010
Political uncertainty over the past months has created turbulence in the financial markets. Even with the 2010 elections in the history book, continued uncertainty around fiscal and monetary policies as well as the housing market is likely to create continued turmoil, according to Bil Sadler, CFA, CPA, CFP® of Sadler Capital Management.
“With all the negative headlines, it’s natural for people to get emotional,” Bil said. “But it helps to keep perspective and having a financial plan in place is the best way I know to do that.”
Bil Sadler and his brother Wes Sadler are both Certified Financial Planner® professionals who provide education and help to investors who are facing retirement or already retired. Their firm, Sadler Capital Management specializes in helping people facing large, complex financial decisions.
Addressing the top three concerns
According to Wes, people have the following top three concerns or questions when it comes to planning for retirement:
• Do I have enough money saved to retire?
• Where should I invest my savings?
• How much will it cost?
“We tell people that if they feel they need help in answering these questions, they should find someone who is qualified and they trust. It doesn’t have to be us; it can be someone referred to you by a friend or family member, for example,” Wes continued.
Working with a trusted advisor, the next step is to develop a plan to address the top concerns. According to Bil, deciding if you have enough money to retire depends entirely on how you want to spend your retirement.
“You have to know where you are going before you decide what road to take to get there,” Bil explained. “We work with clients to estimate how much income they will need to enjoy the retirement they imagine for themselves.”
Knowing future income needs, people approaching retirement can then determine the money they will need to save and the investment risks and costs they are willing to bear. According to Bil, investing in retirement is substantially different from investing for retirement.
“After retiring, investors generally change focus to preserving their capital and generating income,” Bil said.
Developing a comprehensive plan
Building a financial plan is one of the best ways to address retirement concerns. A comprehensive plan has five components: investment management, estate planning, insurance or risk management, tax management and retirement planning. The plan is used to guide investment decisions and maintain a steady approach in the midst of market turbulence.
“We advise our clients to develop a plan to help stay focused,” Wes said. “It helps people avoid chasing bubbles such as Internet stocks in the late 1990s and real estate in the mid 2000s.”
A plan also provides reassurance in turbulent times. According to Bil, the U.S. economic recovery is likely to remain anemic as long as consumer confidence remains low.
“When people feel terrible, they tighten their belts and then low economic growth becomes a self-fulfilling prophecy,” Bil explained.
Where should people put their money in uncertain times? According to the Sadler brothers, there is no one right or easy answer. The right answer for you can only be found in a well-thought-out financial plan that addresses your unique circumstances.
For a complimentary retirement guide, contact Bil or Wes Sadler at (229) 420-9777 or make your request online at www.bookletrequest.com.
