I graduated from Superior Senior High School in Superior, Wisconsin. Growing up in the country -- from raising chickens and mink, to bailing hay -- was a great experience. It was certainly nowhere near what kids do for fun these days. The three buildings of concern were a house under 500 square feet, a chicken coop and the outhouse. Two out of the three were always full!
I had no idea what a work permit was, not to mention that my parents had to sign it. Being 15 years old was hard, but those challenges didn’t stand in my way. I watched my mother read every stock page in our newspaper, and it made me inquisitive. I must admit she gave me sound answers to my unending array of questions.
My father and brothers worked on the Great Lakes. In fact, I have one brother that took the Edmund Fitzgerald out of the Twin Ports Harbor. After my father retired, it wasn’t long before tragedy struck and he passed away. More trouble came upon realizing that he had chosen the wrong retirement options, so my mother got nothing from his pension -- just Social Security.
Her retirement income was drastically reduced as a result, and she had to adjust to many major lifestyle changes she never anticipated. Even trips to visit the grandkids were gone, and the new norm was carefully watching every penny spent because Social Security just wasn’t enough. My parents worked hard their whole lives, and I’m sure this wasn’t even close to the retirement lifestyle they had both imagined.
So, in 1987, getting into this business was an easy choice. I know there are a lot of stories out there like my mother’s, and some are worse. The main obstacle I see for clients is education: when to choose, what to choose and how to choose. These are very hard decisions to make, and you only get one chance to retire. How do you make the right choice?
I believe that the more education you have about any decision, the easier it is to make. Education eliminates surprises, but it’s especially difficult if you don’t even know what to ask. That’s why education is our backbone at Hall Financial Group LLC. Give us a call or stop in and check out our web page for even more educational topics.
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