The Bird’s Eye View:
This year has been full of economic struggles and unknowns, but you shouldn’t have to face them alone. Find out how a financial advisor can help you navigate the uncertainty.
The year 2020 will be remembered for a global pandemic and economic struggles and unknowns. When problems like that arise, you shouldn’t have to face them alone. On this episode of Your Retirement Elevated podcast with Scott Dougan, we explain how a financial advisor can help you navigate the uncertainty.
“Times can be tough. Times can be uncertain,” said Scott. “But if history repeats itself, which it does, we have cycles of life. We have cycles of business and economies and we will continue to grow forward, but it wont’ be without bumps.”
A financial advisor’s primary role is to prepare their clients for the truth. And the truth is uncertainty. We have educated guesses about what might happen, and we can prepare you for many different scenarios.
Our job is to help you make rational decisions, even if you think the sky is falling and the world is coming apart.
“It’s not what happens to you, it’s how you react,” said Scott. “I definitely agree that the economy can be sensitive, but I also want to point out that it can be resilient.”
Listen to the full episode or use the timestamps below to hear more about handling uncertainty and how a financial advisor can help.
2:02 – The role of an advisor
7:55 – Hoping for best, planning for worst
9:40 – The battle between our ears
12:58 – Handling uncertainty
18:00 – Projecting forward
Thanks for checking out the Your Retirement Elevated Podcast. We’ll talk to you again on the next show.
Scott Dougan, RFC, Investment Advisor – Contact