Uncertainty and Change

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Published By: Mark Petersen | LinkedIn

We live in a world of uncertainty! On November 8, 2016 most Americans thought they knew who the President-Elect would be. After all, we were informed by pollsters leading up to the Presidential election who was leading and the probable outcome. Many were surprised the following Wednesday morning when the results were revealed. Much of the consternation relates to the uncertainty surrounding the incoming President, his policy views and his ability to govern. Combine this with a Congress consisting of a same-party majority in both the House of Representatives and the Senate and one conclusion may be apparent: change is inevitable. Heraclitus recognized this with his quote in approximately 500BC: “The Only Thing Constant is Change”.

While there may be different opinions on the order and perhaps the list, many people agree that some of the most stressful events in life consist of:

1.     Death

2.     Divorce

3.     Relocation

One thing that all three encompass is change. Many people are comfortable with the status-quo. They, therefore, develop routines which provide consistency in expectations of a perceived outcome. Any disruption to the expected outcome results in potential uncertainty the next time a routine is commenced. There are multiple events in life which lead to change. Some are by choice and some will happen regardless of individual action. The list includes, among others:

1.     Leaving the workforce and no longer receiving a paycheck

2.     Selling one’s business

3.     Living off investment savings or vested benefits (pension or social security)

The unknown of these changes is often times stressful. It is common to turn to family, friends or trusted advisors to seek comfort and stability. We have all heard the phrase, “You are my rock!” which refers to a stable, grounded individual who provides refuge and guidance when turmoil ensues. At Carson Wealth Management (CWM),

We often talk about helping you take the emotion out of the decision-making process. As an Independent Advisor with a fiduciary responsibility to do what is in the client’s best interest, the firm strives to be the voice of reason in the eye of the storm, with the goal of helping you make the best decision possible.

CWM prides itself on helping our clients maintain a Wealth Plan and Portfolio Strategy to provide guidance to confidently accept or initiate change. If you are seeking stability in a world of constant and increasingly rapid change, call your Wealth Advisor or a member of the Wealth Enhancement Group to get started on your plan to potentially reduce uncertainty and calmly address the changes that are inevitable in your life.

 

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