Ben Hoeger, Director, Private Wealth Management at Robert W. Baird and Company, shares valuable advice on building a strong financial foundation.
Hoeger stresses the critical role of referrals in selecting reliable financial advisors. And he advocates for a meaningful, almost friendly relationship with them for a successful long-term partnership.
We discuss the shift from reliance on pensions and social security to individual responsibility for retirement savings. Plus, start financially sound habits early, especially for those within the gig economy.
The Meaning of True Wealth: “What’s really important to you is not that beach house in North Carolina. What’s important to you is the fact that you had such great memories growing up, and you wanna be able to build those same memories with your family […] Our North Star was you want to create memories and time ultimately with that relationship, that very important relationship with your kids, grandkids, etcetera… It’s not necessarily to own that beach house. […] I feel like we as a team, in particular, our group, at Baird, we’re able to do a great job to really help you, really reach this idea of of wealth, which, you know, that that book I was just referencing, geometry of wealth, he talks a lot about being rich versus wealthy.”
Ben Hoeger
Our conversation touches on the need for purpose-driven financial planning and the dynamic nature of managing one’s finances as life evolves. Retirement planning should focus on the context of one’s life goals, encouraging listeners to find their purpose that can steer financial decisions.
Top Takeaways
**Referrals for Trustworthy Advisors**: Start your search for financial advisors by asking for referrals from friends, family, and colleagues.
**Relationships Matter**: Aim to build a close, friendship-like relationship to foster long-term collaboration and tailored advice.
**Continuous Financial Education**: Engage in continuous learning and self-advocacy to maintain confidence in your financial decisions.
**Understanding Personal Financial Purpose**: Recognize that understanding your unique financial purpose is key to making smart money choices that align with your personal values and long-term aspirations.
**The Need for Flexibility in Retirement Planning**: Plan for retirement with flexibility, acknowledging the uncertainty of future costs, potential health issues, and the evolving nature of personal circumstances.
We would love to hear from you.
Give us your feedback, or suggest a topic, by leaving us a voice message.
Email us at hello@lookingforwardourway.com.
Find us on Facebook.
Please review our podcast on Google!
Recorded in Studio C at 511 Studios. A production of Circle270Media Podcast Consultants.
Copyright 2024 Carol Ventresca and Brett Johnson
Ben-Hoeger-Financial-Planning-Podcast-Resources-2024
