Rigg Wealth Management

At Rigg Wealth Management, we're an independent advisory firm. We're not beholden to any required list of products. We're able with full independence of looking at what all other firms are doing, and then finding a more suitable investment, if you will, for your portfolios with different financial instruments. I think that's very important to reite... rate. If you're looking at some of the questions, you need to be asking yourself and others when you're looking at a financial adviser. I am a little biased. I do believe independent financial advisers do a better job of taking care of their clients because they're not looking to the firm's interests, and looking to feed the heavy chain of command that's not interested in them or their clients. They're not forced to meet quotas, trying to make certain benchmarks of how much money they're earning for the office. Being independent means that you have none of those pressures. You can really focus on the client and make sure his or her needs are met with a plethora of financial instruments. Getting to some of the questions that you need to be asking, we've talked an awful lot about retirement. People think of retirement in very simplified terms of just that's when I'm going to stop working full time. A lot of times when we talk about retirement here at Rigg Wealth Management, and hopefully most financial advisers when they talk about it, they're looking at how much money you need to maintain a certain lifestyle. Looking at that is very important. I cannot reiterate that enough for the listeners to be thinking really hard about what do you need to maintain your lifestyle once you do stop working. When is that date going to be? When do you want to stop working? Then develop a plan to get there. Here again to go back to an analogy, that case study that we gave earlier of a woman who wanted to have $60,000 in cash flow coming in when she retires. One needs to put into the back of their mind right now that in order to do that, you're going to need well over $1 million to be ...Read More