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3 Signs Your Retirement Might Be In The Wrong Hands

When It Comes To Your Retirement, Don’t Just ‘Leave It To Beaver’!

Eddie Haskell was a fictional character on the television hit series Leave It to Beaver and the slippery yet persuasive friend of Wally Cleaver. He tended to start conversations with compliments, “My, that’s a lovely dress you’re wearing, Mrs. Cleaver,” as a way to get you to do what he wanted. His name has become synonymous with insincerity, and yet many investors still fall for these smooth Eddie moves.

Don’t worry, the market always comes back . . . Oh gee, you’ll be fine. . . You don’t have to worry about that, I’ll take care of it for you.


During the highly contentious election, we’ve heard many bold promises from both sides…(aren’t you glad it’s over? 😉

3 Signs Your Retirement Might Be In The Wrong Hands

I will not raise middle-class taxes.
I will bring manufacturing (jobs) back.
I will repeal of Obamacare’ and replace it with a market-based alternative.
I will leave Social Security as is.
I will Cut taxes

If you’ve worked hard to save for retirement, then there is no reason you should be feeling anxious about your prospects for a happily ever after. The idyllic American life once lived by the Cleavers might seem like a thing of the past, but hard work still pays off and savers are rewarded. You don’t have to be a multi-millionaire to live a happy and secure retirement, and there is no reason you need to turn to complicated investments for the solutions you need.

3 Signs Your Retirement Might Be In The Wrong Hands

There are many things about television characters that appear one way and are actually another. For example, June Cleaver didn’t wear pearls because she was a prima donna, but rather she was hiding a surgical scar on her neck. Ward Cleaver resented the show and wanted to be a pastor, Jerry Mathers who played the Beaver was rejected by the Marines, and Eddie Haskell grew up to become a real-life police officer who was shot three times in the line of duty.

Your retirement portfolio might also NOT be as secure as it appears. A lot of investors make the mistake of listening to what they want to hear even when the advice goes against their gut instincts.

Brokers typically make money only when they have accounts to manage. When a retiree moves a percentage of that account out of their hands and puts it someplace safe, they might stand to lose personally, so there is an inherent conflict of interest. This is why the Department of Labor is finalizing a new rule that will hold these financial advisors to tougher standards.

If you are 10 or fewer years away from retirement, here are three signs that you might be working with an advisor who is giving you the ol’ Eddie Haskell.

BAD SIGN #1: Your portfolio is entirely invested in stocks, bonds, or mutual funds.

There is a lot of outdated advice out there about retirement. The thing to keep in mind is that the last seven years of market growth do not accurately depict what might lie ahead. All signs point to the fact that things may be about to change. Interest rates are at historic lows, bond funds may be precarious, and equities might be in for a dramatic dip. The people who stand to lose the most are those who are 10 years or fewer away from retirement. Is this you? If it is, don’t wait for a second longer to get your portfolio rebalanced. You do not have to leave your nest egg in the path of an oncoming train.

BAD SIGN #2: Your advisor is telling you, “Don’t worry! You’ll be fine!”

If you have an uneasy feeling or even just the slightest bit of concern about losing money, then you owe it to yourself to find out about your other options. A lot of people leave their money where it is because the Eddie Haskells of the world are good at making you feel good when you are in their presence. Soon as you leave the office, however, you get a bad feeling back again. No one can help people who choose inaction and a complete lack of planning, but if you HAVE planned and saved, then you owe it to yourself to find out how you can get into a better position.

BAD SIGN #3: Your advisor hasn’t helped you address the two I’s: INCOME for life and INSURANCE for you and your family.

Studies have found that it’s not the monetary amount you have saved that matters most during retirement, it’s having that guaranteed paycheck. It doesn’t matter if you have 2.5 million or $250,000, if you have saved for retirement, you deserve good advice. Knowledge isn’t something reserved only for the elite and the top 1 percent of earners. It’s for everyone.

If you are 10 or fewer years away from retirement and you want to know what you should be doing with your retirement to feel safe, secure, and comfortable, then you need to address the two I’s:

  • INCOME For Life: get a regular paycheck delivered to you every month, plus gradual pay raises. You can even get this guaranteed, for life, whether you live to 85 or 105.
  • INSURANCE For Yourself and Your Family: newer life insurance solutions can make sure that you have a plan in place for long-term care so a medical event doesn’t wipe out your portfolio WHILE AT THE SAME TIME giving you other benefits. Those benefits may include an increased legacy, access to tax-free income, and better returns than what you’re seeing with typical bank CDs. All of this, and it might not even cost you one dime more than what you are already paying now.

Your retirement isn’t going to be experienced by anyone else but you. Don’t you think you deserve to know about all your options? Don’t wait for your advisor to call you – take action, and get a second opinion today. The cost to you is nothing. It’s free to reach out to us and let us know what’s on your mind. We look forward to helping you compare.

3 Signs Your Retirement Might Be In The Wrong Hands




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