Dr. Sabrina Scott knows that most people are not taught to seek the services of a financial planner, but offers statistics that show those who do, and stick to a plan, typically end up in a better financial position than those who don’t.
DECATUR, GA, February 4, 2019: Dr. Sabrina Scott, co-founder of Red Feather Financial, has posted a new article on the firm’s website entitled “Financial Gardening Requires Planning, Management And Protection,” in which Dr. Scott elaborates on the beginning, middle and end stages of financial planning.
Dr. Scott writes, “I often compare the concept of cultivating financial wellbeing to that of gardening.” She adds, “When starting a garden, you have to determine where you’ll situate your garden and you’ll have to know the best time to plant. You have to prepare the ground. Then, you have to determine what type of plants are most appropriate for your climate, the amount of available sunlight, your tastes and your budget. And, you’ll need to know how much of a particular flower or vegetable you’ll want to grow.” “All of these activities,” Scott says, “come under the heading of ‘planning.’”
According to Dr. Scott, “To achieve financial wellbeing, you must also begin with a well thought out plan. Timing and placement of funds are important as you embark on your journey to financial wellbeing. The beginning stages of your financial journey are different and must be tended to according to the seasons of your life. Not unlike tending to your garden as it goes through different stages of growth.”
“Many people do not grow up being taught to seek help creating a lifelong financial plan,” writes Scott. She adds, “Unfortunately, so many assume they can create wealth on their own without help. However, those who seek guidance and stick to a plan typically end up in a better financial position than those who don’t.In fact, a 2011 study, “showed that those with financial plans accumulated nearly 250% more retirement savings than those without a financial plan in place. Furthermore, nearly 44% of those who have a financial plan in place save more money each year for retirement.”
Scott adds, “It’s also important to understand that financial planners are not just for the wealthy. They do cost money, however there are financial planners available for almost everyone. Some planners focus exclusively on high wealth, while others tend to the needs of those with less wealth to manage.” No matter what you have or earn, Scott says, “It is always important to pay attention to how your financial adviser is compensated, as fees and compensation matter. It has been shown that financial planners help individuals generate roughly 1.82% excess return each year, creating roughly 29% higher retirement income wealth. This means even if an adviser is charging a 1% fee a year for the management of retirement assets, the financial advice still has a huge impact on generating
The entire article can be read at http://redfeatherfinancial.com/financial-gardening-requires-planning-management-and-protection/
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.