When this point in the year rolls around, often, people wonder where the time has gone and start waxing sentimental (or depressed) about all the unmet goals and broken resolutions. Well, today is the day that you can make a change. You can do something small that could have a big impact on reaching your future goals and dreams.
Recently, we at Financial Fiduciaries received an email from a colleague inviting our clients to join a movement of sorts. His email discussed a growing concern over the fact that Americans are not saving nearly enough towards their retirement. While recent reports suggest that we are getting better, at 5% savings in 2013 vs. 1% in 2005, the future forecast is still a bit bleak. So, instead of sitting by and lamenting over opportunities lost, he suggests that everyone become part of the 1% club. No, we are not suggesting going back to the 2005 savings rates; rather we are encouraging clients to take this opportunity to up their current retirement savings by an additional 1%.
You might be asking “why wouldn’t I just wait until the start of 2014…why is November such an opportune time to do this?” Well, most companies are in the process of reviewing their annual benefit elections for 401(k) or other retirement savings plans. This makes November the perfect time to up your current contribution percentage by an additional 1%.
So, with all that said we want to encourage each of you to become a part of the 1% (or, 2 or 3 or even 4 percent…why limit yourself!). And, if you want to discuss it further, give us a call…we would be glad to help you determine the best way to meet your goals and fulfill your future dreams!
About Objectively Speaking
Tom Batterman, founder of Vigil Trust & Financial Advocacy and Financial Fiduciaries, LLC is in the business of representing the best financial interests of his clients. Having provided objective, fee-only financial management services for over two decades, he specializes in managing the investment and related financial affairs of individuals and mutual insurance companies who do not have the time, interest or expertise to manage such matters on their own. As an objective, unbiased professional who takes on a fiduciary responsibility to his clients, he guides clients to the financial decisions they would make themselves if they had years of training and experience and the time and expertise to fully research and understand all of their options.
Founded in 2010 as an outgrowth of Vigil Trust & Financial Advocacy, Financial Fiduciaries, LLC is a financial management solution for individuals and mutual insurance companies who recognize they do not have the time, interest or expertise to properly attend to their financial matters on their own. While there are many financial “advisors”, most of them have investment products to sell and the “advice” they provide is geared toward getting their clients to engage in a purchase. As one of the rare subset of advisors known as “fiduciary advisors”, Financial Fiduciaries does not sell any investment product so its guidance is not compromised by conflicts of interest which plague ordinary advisors.
Prior to his employment in the financial industry in financial advocacy and trust positions, he worked at a private law practice in the Wausau area in the areas of estate planning, tax, retirement planning, corporate organizations and real estate. He is a graduate of the University of Wisconsin-Madison and the UW-Madison Law School and has during his career held Series 7, 24 and 65 securities licenses.
A longtime resident of the Wausau, Wisconsin Area, Tom is active in the community. He enjoys golf, curling, skiing, fishing, traveling and spending time with his family.
When this point in the year rolls around, often, people wonder where the time has gone and start waxing sentimental (or depressed) about all the unmet goals and broken resolutions. Well, today is the day that you can make a change. You can do something small that could have a big impact on reaching your future goals and dreams.
Financial Fiduciaries, LLC 
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