March Madness

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

Our Thigpen Group 2020 VISION INITIATIVE starts with you carefully and intentionally formulating a vision for your life. Understanding and living into that vision is a process, which includes goal setting. We discussed this in detail last month as a part of knowing your numbers. But the goals come as a result of first establishing the vision.

What do you see when you look at this picture? Now show it to your spouse and ask what they see. You might find that two people can look at the same picture but have two different visions. I personally experienced this recently on a trip with Kimberly.

The picture is of a place we stayed in Sedona, Arizona after hiking the Grand Canyon together. Kimberly saw “The Spa,” and envisioned what that experience would be like.  The vision was one of relaxation, massages, calmness, re-energizing, soft music, and warm towels. I, on the other hand, saw the mountain. I immediately had visions of climbing to the top. Legs burning, sweat pouring, the Rocky theme song blaring in my earbuds. You get the picture.

When we do financial planning for couples, this is precisely why we insist both spouses be engaged in the process. A term as vague as “retirement” can result in a broad spectrum of visions. Couples can both identify retirement as a financial goal and envision what that looks like for them as individuals. However, it is quite possible that there are two entirely different visions of what retirement looks like.

You may see a vision of traveling the world while your spouse sees settling down and downsizing. One spouse may want to begin a gifting strategy to children and charitable organizations, while the other has visions of spending lots more money on going and doing. You can easily see how different the to-do list would be based on the goals, which are first and foremost determined by the vision.

This is why our process begins with a conversation. Every prospective client engagement begins by you coming into our office and discussing your vision in our conversation room. It is the most important part of the process. Each client’s unique vision is the basis on everything else we do. The financial plan, the goals, the appropriate investment portfolio- all based on the client’s vision of what it means to “Live Your Life.”

We are calling this month’s theme MARCH MADNESS because without a well thought out financial plan, connecting your individual visions to a combined vision can seem like complete madness. It’s confusing and unclear, and often ends with “we’ll get there when we get there.” This month, we’ll look at different components of retirement planning, all within the context of your vision.

So, what’s your vision? What’s your spouse’s? Have they been communicated? We want to help facilitate these conversations, so schedule a visit with us today and let us help you begin pursuing your vision.

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.


4 Hurdles in Retirement Beyond Your Investment Portfolio

Becoming hyper-focused on only one aspect of a problem is pretty much never a good approach. A racecar driver who only focuses on speed and ignores strategy won’t win races, at least not many of them. A carpenter who only hammers in nails won’t build strong structures. 

Your Silicon Valley Bank Questions Answered

You likely have heard about the recent Silicon Valley Bank (SVB) collapse and probably have questions. Here, we provide you with unbiased answers to your questions.

Thinking About Retiring Early? 8 Things to Consider First

Tom Fridrich, JD, CLU, ChFC®, Senior Wealth Planner We’ve all asked ourselves whether it’s too early to retire (usually after a particularly challenging commute or dealing with a difficult client).  You may have even gone so far as to take a sneak peek at your account statements …

4 Tips to Take Your 401(k) to the Next Level

Matt Kory, Vice President, Retirement Programs As a retirement income vehicle, the 401(k) is second in popularity only to Social Security – and as CNBC reported in 2019 the number of 401(k) millionaires is at an all-time high. But is a million dollars even enough for your retirement needs? 

1 2 3 40 41 42

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

TweetsFollow Us