Financial Black Ice

https://vimeo.com/932209021

I was reading an article recently in a newsletter I subscribe to that really resonated with me. It started off with this line...

"There is economic value to certainty."

"When you have predictability, when you know exactly what the guaranteed standards of performance are, you can make decisions with a lot more peace of mind and confidence."

The writer of this article goes on to described a harrowing story of a couple taking a road trip one dark and cold December night, cruising along at a high speed when suddenly they hit a patch of Black Ice. And in an instant, sliding, skidding and spinning out of control, they almost roll the car and smash into a concrete barrier. At that moment, everything changed for them. The trip that once promised some joy and fun up ahead on that road now presented more risk and potential danger of more black ice ahead. The trip was now about survival.

The icy road was a Blind spot- a risk. If he (or we) had know in advance that the roads ahead were icy, could different choices have been made? Could spinning out of control have been prevented? A different path chosen? Studded tires put on in advance, perhaps?

I really like this question he asks next...

"Where is the Black ice in your Finances? The Blind spots and risks that jeopardize your future and legacy ?".

As I continue to engage in conversations with people about certain black ice risks they should consider on their own life's journey's and roads ahead...Disability, critical illnesses, accidents, life insurance needs etc... it got me thinking about one of the most ignored Blind spots up ahead for a majority of us...and that is the Risk of Longevity.

As we approach an era where many are expected to live to 100, we must prepare for a future beyond traditional retirement age. This longevity, while a testament to healthcare advancements, prompts questions about financial readiness. Numerous research has been conducted within the insurance industry that concludes 7 out of 10 of us will need Long Term Care at some point.

So in this light, I want to direct you to a couple of educational resources:

1. Check out this Blog Article on the Importance of Long Term Care Insurance on my How Money Works Website

2. Watch this New Video on Embracing Longevity with Financial Security - Click this link here and be redirected to my Wealthwave website where you can find other great educational videos or click the video image above.

3. Check out this Solution for couples from Nationwide Financial called Care Matters Together . You may find this and more resources on my website under "Resources"

If you would like to learn more or start a conversation around some of the Black Ice risks and blind spots you may have, please contact me and let's schedule a time to discuss the weather, check the tires and look at some safe paths forward. And remember...

"There is economic value to certainty."

"When you have predictability, when you know exactly what the guaranteed standards of performance are, you can make decisions with a lot more peace of mind and confidence."