Retirement Resources President and Investment Advisor, Dave Boike offers a few ways readers can attempt to ease financial anxiety during the pandemic while making one’s physical health and well-being and that of loved ones the top priority.

Auburn Hills, MI — June 01, 2020— Dave Boike, President of Retirement Resources and co-author of The Ultimate Success Guide with Brian Tracy, published a new article on the company website entitled, “Regarding Physical And Financial Health And Well-Being in Uncertain Times.” Mr. Boike knows financial well-being is rocky for many now and offers just a few anxiety relieving ideas.

“Without question,” says Boike, “your physical health and well-being as well as the health and well-being of your loved ones is a top priority during this global pandemic.” He goes on to add, “Knowing and following the safety protocols are important to maintain safety, such as frequently washing hands and observing social distancing. If your health is already compromised, you have to take extra precautions.”

Boike emphasizes, “As we navigate through this coronavirus, your financial well-being is certainly not your top priority. It definitely must take a seat below physical well-being.” He goes on to add, “In the midst of the current economic uncertainty and turmoil, it is important to have financial priorities. Truth is your financial well-being may require that you establish new priorities.”

According to Boike, “One thing that could help to ease your financial anxiety is to revisit your wealth plan with your professional wealth manager or financial planner. You can schedule a virtual meeting, or you may even be able to accomplish your goals with a phone call.” He states, “Even if you have a solid plan, depending on your asset allocation, you should be prepared for your net worth to take a hit. But as long as you stay invested, it doesn’t become a realized loss until you sell. So if you can, hold firm.”

“If you are retired or nearing retirement,” says Boike, “it might be a good time to conduct a retirement income check-up and revisit spending priorities. Having a liquidity plan that includes access to a line of credit could be a vital safety net.”

 

Read the entire article at https://www.theretirementresource.org/single-post/2020/05/28/Regarding-Physical-And-Financial-Health-And-Well-Being-in-Uncertain-Times

 

About Dave Boike

Dave is a well-known financial educator, co-author of The Ultimate Success Guide with Brian Tracy, author of High Tide and contributing author of 21st Century Wealth.  For over 30 years, Dave has been teaching investors age 55+ how to preserve their assets, increase their income, and reduce income taxes. He has taught Retirement Planning Classes at Michigan State University, Wayne State University and Oakland Community College.

For over 4 years, Dave was featured on NBC25 every weeknight at 6PM, discussing the daily market wrap-up. Many area retirees have used Dave’s advice to enjoy a financially independent retirement.

Dave is a Chartered Financial Consultant, a designation awarded only to the most experienced advisors who have completed a 10-course program of study, through the American College in Pennsylvania, focusing on Tax, Investment, Risk Management, Retirement and Estate Planning.  He is an approved Member of the International Association of Registered Financial Planners, the Society of Financial Service Professionals.  As a strong advocate of education, Dave recently spoke at The Michigan Association of CPA’s and is teaching a class at Oakland Community College.

Dave’s latest book, High Tide, A Practical Guide for Affluent Retirees to Protect, Profit and Prosper from the Coming Storm, talks specifically on the important challenges retirees are facing today and some new cutting-edge solutions to address those challenges.  He teaches you in this easy to read book how to take the steps necessary to achieve your successful retirement.

Dave is Managing Member and Chief Compliance Officer of Retirement Resources, LLC, a Registered Investment Advisory Firm. Every year, since 2011, Retirement Resources has been awarded the 5 Star Wealth Manager of Michigan, which is only given to the top 7% of advisory firms.

 

 

 

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