Working with the Right Advisor

I think that dovetails nicely into our conversation today.

And, you know, you're talking about living in the right community, you know, and I think you certainly know that you're in the right place and pin conning and love the Tri-City area since that's where you were born and raised and decided to make your life there and build your business and, you know, invest in the community in many ways.

it's kind of like that when you look for a financial advisor at least it should be you should be looking for that kind of deeper relationship i think so let's explore that a little bit today and what it means to work with the right advisor and a lot of it probably comes down to philosophy i'm guessing kevin so let's begin there because financial advisors can have very different philosophies when it comes to things like investing to things like planning for retirement So let's get clarity on what your philosophy looks like.

How would you describe it when it comes to those kinds of things?

I'm going to turn the question on you, Walter.

I just want to see how well you know me.

What do you think my philosophy is? We've known this a long time.

I think you like to, you know, you're like a roulette player, you know, a gambler in Vegas.

You like to put it all on, you know, 100% on black and let it ride.

You know, you like taking really high risk with your client's money, right?

You're way off

there.

Yeah.

Yeah, don't let that hang in the air for too long, right? No, don't let it hang out.

I'm being facetious.

My philosophy, and I say it almost every week, is let's fill the shortfall.

Income planning, it's all about income planning here.

How do we fill that shortfall? And again, let's explain what shortfall is.

So let's say you need $5,000 a month In retirement, you have $3,000 coming in between Social Security and pensions.

You're short $2,000.

So that's the shortfall.

So what investments, what philosophies are we going to use to show you how to fix that shortfall? Number one, we want to educate you.

We want to show you how up and down markets... investments will still produce income all those types of things but i think i'm a little different that way i you know the other i think this goes hand in hand is i like to solve i don't like to assume and then you know we always talk about your retirement number what average rate of return you need to Average going forward so you don't run out of money.

Let's not assume on a scale of 1 to 10 you can take a 7 risk.

Well, if you do that, somebody's going to build your portfolio based on a 7 risk.

I think that dovetails nicely into our conversation today.

And, you know, you're talking about living in the right community, you know, and I think you certainly know that you're in the right place and pin conning and love the Tri-City area since that's where you were born and raised and decided to make your life there and build your business and, you know, invest in the community in many ways.

it's kind of like that when you look for a financial advisor at least it should be you should be looking for that kind of deeper relationship i think so let's explore that a little bit today and what it means to work with the right advisor and a lot of it probably comes down to philosophy i'm guessing kevin so let's begin there because financial advisors can have very different philosophies when it comes to things like investing to things like planning for retirement So let's get clarity on what your philosophy looks like.

How would you describe it when it comes to those kinds of things?

I'm going to turn the question on you, Walter.

I just want to see how well you know me.

What do you think my philosophy is? We've known this a long time.

I think you like to, you know, you're like a roulette player, you know, a gambler in Vegas.

You like to put it all on, you know, 100% on black and let it ride.

You know, you like taking really high risk with your client's money, right?

You're way off

there.

Yeah.

Yeah, don't let that hang in the air for too long, right? No, don't let it hang out.

I'm being facetious.

My philosophy, and I say it almost every week, is let's fill the shortfall.

Income planning, it's all about income planning here.

How do we fill that shortfall? And again, let's explain what shortfall is.

So let's say you need $5,000 a month In retirement, you have $3,000 coming in between Social Security and pensions.

You're short $2,000.

So that's the shortfall.

So what investments, what philosophies are we going to use to show you how to fix that shortfall? Number one, we want to educate you.

We want to show you how up and down markets... investments will still produce income all those types of things but i think i'm a little different that way i you know the other i think this goes hand in hand is i like to solve i don't like to assume and then you know we always talk about your retirement number what average rate of return you need to Average going forward so you don't run out of money.

Let's not assume on a scale of 1 to 10 you can take a 7 risk.

Well, if you do that, somebody's going to build your portfolio based on a 7 risk.