FSP – July 2014 President’s Letter
Everyone in the financial services industry is focusing on – “Retirement Planning”. Every publication has at least (1) article detailing some facet of this important planning activity. With 10,000 Baby Boomers retiring every day, the opportunity to provide experienced, knowledgeable planning will continue well into the future. Most people don’t realize financial planning is a lifetime activity and this trend will continue. Regardless of income, making assets last for a period of 30 years or more requires the assistance from a qualified financial professional. FSP members are well positioned to provide these services by forming trusted relationships with individuals and families seeking advice. This is so important, the FSP value statement includes relationships as a core value.
An important part of this process is providing a safety net if life doesn’t proceed as expected. Unforeseen events can be devastating to any financial plan, and being unprepared to recover makes the situation worse. Most families and business owners find it challenging to project life 20 or more years in the future. It is our job to help them visualize the potential risks they may encounter, and help them provide for recovery.
September is “Life Insurance Awareness Month”. I urge all our Greater Chicago members to make the balance of 2014 – Financial Awareness Months !! Make sure all those you serve understand how to make all their dreams a reality.