Dr. Sabrina Scott promotes the idea of pre-planning for financial stability before retirement rather than waiting for a crisis to erupt in retirement and then attempting to plan a survival strategy.
DECATUR, GA, February 11, 2019: Dr. Sabrina Scott, co-founder of Red Feather Financial, has posted a new blog on the firm’s website entitled “Pre-Planning Is A Better Option Than Crisis Planning.” Dr. Scott offers ideas for those who have yet to create a solid financial plan while encouraging even those approaching retirement to explore their options with an advisor.
Dr. Scott writes, “Crises during retirement can come in many forms: job loss, unexpected divorce, unreimbursed catastrophic medical expenses, natural disaster, lawsuit, relocation, disability, care for an elderly family member or untimely death of a family breadwinner.” She adds, “Experiencing these financial setbacks in retirement can be especially overwhelming.”
“This is why we encourage thoughtful pre-planning instead of waiting for a crisis,” says Scott. She elaborates, “With pre-planning, you can weather a crisis while making the recovery period faster and less painful.”
According to Dr. Scott, “If you can work with a financial planner, that could be very helpful.” She continues with a few ideas for those who are not yet ready to seek advice.
Dr. Scott points out, “When you pre-plan for your future and you are still working, if you have a retirement plan at work, such as a 401(k) or 403(b), and your employer makes matching contributions, be sure to participate and save the most you can to earn 100 percent of the matching contributions.”
The entire blog can be read at http://redfeatherfinancial.com/pre-planning-is-a-better-option-than-crisis-planning/
About Dr. Sabrina Scott
Sabrina Scott learned about Veterans Benefits and Medicaid when her parents sought legal services for long-term care. Confident she could find ways to preserve her family’s resources and still get access to Government Assistance, Sabrina felt there should be more options than relying on welfare. As a result, Dr. Scott became an investment advisor representative who can make recommendations regarding securities and became licensed in insurance as well. She co-founded Red Feather Financial with Victoria Collier to help those who want to have a plan in place in order not to outlive their resources and who do not want to be a burden to their children.
About Victoria Collier
Victoria L. Collier, CELA founded The Estate & Asset Protection Law Firm to serve the legal needs of retiring individuals. Victoria is also Co-Founder of Red Feather Financial. At both firms WE BELIEVE that people should not have to lose everything they’ve worked a lifetime to earn and that every person is an individual who deserves respect and the highest quality of life possible, regardless of age or ability. We also believe that privacy and protection are the keys to personal peace. Victoria was appointed by Governor Perdue to the Georgia Council on Aging, 2010 – 2016 and was awarded Dekalb County Veteran of the Year, 2013. She is the author of 47 Secret Veterans Benefits for Seniors; Paying for Long Term Care – Financial Help for Wartime Veterans: The VA Aid & Attendance Benefit.
About Red Feather Financial
Red Feather Financial is an independent financial advisory firm born with a singular mission: to financially empower our clients and protect their financial future. Most people come to see us because they are worried about having enough money for retirement and long-term care costs. We help by showing our clients how they can leverage their assets in the most tax-efficient and cost-effective ways.