If you ask people what their biggest financial asset is, they invariably reply “my home” or “my investments.” That’s true in dollar terms, but let’s look at a very large asset most folks don’t think about: their working selves.
Your biggest asset comes into play immediately when a financial plan is drawn up. Financial planners create various scenarios for our pre-retirement clients that include investment projections (rates of return), annual savings rates, the cost of various goals, etc. We recommend the optimal time to retire and counsel our clients not to retire too soon. After all – our goal is …Read More