What do you mean by having an extremist view or actions?

• Some people can be overly confident about their savings headed into retirement, or overly negative. • Some people don’t want to spend any money in retirement, and some want to spend way too much. • Some people want to work till they’re 90 years old and some want to retire at 50.

Why do Ryan’s clients act like extremists sometimes?

• Retirement can cause a lot of stress and confusion around people’s decision-making process and sometimes that influences them to take extreme positions. • Clients who grew up poor might never feel like they have saved enough and clients who grew up in privilege might feel like their money will never run out. • Also, in a lot of cases they are influenced by outside sources of information that give cookie-cutter advice, and don’t realize that everyone’s situation is unique. What works for one person probably won’t work for another.

What advice does Ryan have for people to keep a level head during retirement?

• Ryan stresses the importance of having multiple conversations and getting feedback from as many professionals as possible. This will reassure you of the best course of action. • Ryan facilitates conversations for his clients with multiple professionals to cover the decision from all angles…. CPA, real estate broker, attorney, and advisor. Very really is the best strategy an extreme one. • Most important, it’s critical to review and get feedback from your advisor multiple times a year so that if you are on an extreme path, it can be recognized and addressed.

November 5 2021

Don’t Be an Extremist

Ryan Skinner Retirement My Way, Ryan's Retirement Rules

Ryan shares some stories about his experience with clients and how they can at times be extreme in their actions and thoughts. In many cases the same clients will swing from one extreme position to the polar opposite position within a very small period of time. Ryan tries to support his clients to have a more moderate, level headed approach to retirement and life.

Disclaimer: The content is developed from sources believed to be providing accurate information. The information in this material is not intended as tax or legal advice. Please consult legal or tax professionals for specific information regarding your individual situation. The opinions expressed and material provided are for general information and should not be considered a solicitation for the purchase or sale of any security.

The content within this site is for informational and educational purposes only and does not constitute legal, tax or investment advice. Customers should consult a legal or tax professional regarding their own situation. This site is not an offer to purchase, sell, replace, or exchange any product. Insurance and annuity products and any related guarantees are backed by the claims paying ability of the issuing insurance company. Insurance policy applications are vetted through an underwriting process set forth by the issuing insurance company. Some applications may not be accepted based upon adverse underwriting results.

Don’t Be an Extremist

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