USA Finance Monthly Global Awards 2023. 12 Lastly, is it ever too late to start? No matter your age or where you are in your financial journey, there are always things you can do to improve your financial situation. Successful planning starts with the end in sight. Take a thorough and honest look at where you are. Are you retired or close to it? Empty nesters? A young family? Set your goals from where you are and review your current investment strategy and allocation to ensure they properly match your goals. Ask yourself some important questions. Are you invested in the right areas? Are you risk averse or a risk taker? Have you considered the tax consequences of various investment products? Once you know your personal end goal, you can then take the basic steps I recommend that everyone should take. As I’ve said, I strongly believe in paying down and eliminating debt. Equally important, increase your savings rate. Need more income? There are more ways to earn extra income than ever before that go beyond being a social media influencer or a ride-share driver. If you are retired, you can still work part-time, but make sure you look into the tax ramifications of these decisions. If you are nearing retirement, perhaps you can delay it for one or two years. Be honest about what your current and expected future needs are and consider whether you should reallocate your current investments to better align with those needs. And you do not have to—and I maintain should not—do it alone. Meet with a financial advisor. Studies have shown that the average individual investor underperforms the market. An outside expert can help you see what you cannot see on your own. After all, Tiger Woods had a swing coach while he was winning the Majors, and Michael Jordan worked with a full-time trainer while he won six NBA championships. Find an advisor that “fits with you,” one you trust, are comfortable with, and who takes the time to make sure you understand what they are saying. If you are already working with an advisor, there’s no harm in getting a second opinion. It is typically free to check out other options or strategies that may better meet your needs. The most important action to take is get started now! There are always reasons to procrastinate or wait until the “market is better.” History has shown that time in the market is more important than timing the market. In all my years in this industry I’ve yet to hear of someone who was upset because they saved too much money. For more information about Howard, please visit: www.primerica.com/lashner For information regarding licenses and state registrations, please visit www.BrokerCheck.com “History has shown that time in the market is more important than timing the market.” Howard Lashner is a registered representative and investment adviser representative with PFS Investments, Inc. (PFSI). In the U.S., securities and advisory services offered by PFS Investments Inc. (PFSI), 1 Primerica Parkway, Duluth, Georgia 30099-0001, a broker-dealer, and investment adviser registered with the U.S. Securities and Exchange Commission (SEC), a member of the Financial Industry Regulatory Authority (FINRA), and a member of the Securities Investor Protection Corporation (SIPC). PFSI offers advisory services and managed accounts investment strategies under the name, Primerica Advisors, as part of the Lifetime Investment Program. PFSI is a subsidiary of Primerica, Inc. Promotional consideration provided to Universal Media Limited for the preceding feature article. Finance Monthly, Global Awards 2023, Financial Advisor of the Year - USA, was provided on October 17, 2023, and which is based on a time frame of June 2022 through October 2023. Individuals identified as Lashner Financial Group are affiliated with Primerica, Inc. and offer products and services through Primerica, Inc., and its subsidiaries. Neither Primerica, Inc. nor PFSI is affiliated with Finance Monthly or Universal Media Limited. Investing entails risk, including loss of principal. Past performance is no guarantee of future results. This material is for informational purposes only and should not be considered investment advice or a recommendation to buy, sell or hold a security.
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