Financial Recovery Program

Financial Recovery Program: Changing Outcomes


Analysis We’ll look at what you’ve got and where it’s gotten you. We’ll identify the health and sickness in your portfolio and begin to identify necessary changes.

Re-Envisioning Where are you in relationships to your goals? We’ll take a hard look at the things that keep you up at night and with a clean-slate approach we’ll redefine your goals for retirement.

Treatment Plan Your treatment plan is all about purging the bad assets from your portfolio and trading them for good, functional assets. Treatment is also about catching up on your savings and tamping down on spending.

Implementation Getting it done is the bottleneck in so many areas of our lives. We’ll help you implement at every level, from paperwork to consulting with other financial professionals on your team.

Annual Reporting Just like our other programs, Changing Outcomes is a data-driven. “Running the numbers” is what we do. Each year we’ll provide you with a detailed report on the progress you’ve made.

7 Strategies

1. Convert bad assets to good assets. Your decisions around unproductive financial assets are key to whether your financial turnaround will succeed.
2. Optimize savings. Always direct your next savings dollar to toward the highest risk-adjusted after-tax savings opportunity.
3. Pay yourself first and make it automatic. Make your monthly savings or debt payments happen automatically, before a single dollar makes it into your discretionary spending account.
4. Manage discretionary spending. What will you buy without thinking twice? How much will you spend on one item without consulting your spouse? What amount of spending requires review with my financial advisor and accountant?
5. Invest sensibly. Don’t try to outperform the markets. Only own investments that trade in public markets every single day. Decide on an investment strategy and stick with it.
6. Hope for a bear market. Buyers always benefit from lower prices. If you are saving for retirement, your ideal scenario is a declining stock market.
7. Make a gradual transition. Calculate the effects on your long-term finances of part-time work combined with a delayed full-time retirement. It may be larger than you think.