We see it all the time. After making a major financial decision, people come to us only to realize that maybe they didn’t do it quite right.

And now it’s too late. The toothpaste won’t go back in the tube.

Case in point: A recent retiree who selected a pension that pays the highest amount possible for as long as he’s alive. Only one problem – he’s married. So if he dies before his wife, she gets nothing.

Here’s another: A woman in her 40’s who changed jobs and asked her 401k balance be sent to her in cash. By law, they could send only 80%, and she must now pay tax plus a 10% penalty on the entire amount.

Want another? A man who suffered a debilitating back injury. He thought his employer’s disability insurance would replace 60% of his salary. What he didn’t know is that his bonuses and commissions are not covered. And the reduced benefit is taxable.

All of these costly mistakes could have been easily avoided with proper planning. Often the most valuable service we provide our clients is the ability to just call and ask, “What if?”

To learn more about how our system might help you, call 513-563-PLAN (7526) or click here to schedule a time to talk.

Regards,
Nikki Earley, CFP®