What Scares You Financially?

3102What Scares You Financially?

Anthony J. Ogorek | Ed.D., CFP®

The most common financial fears among adults are unplanned financial emergencies and insufficient retirement savings. These are events that happen to nearly everyone, that can be foreseen and that can be planned for. Unfortunately, many are stuck in a state of fear and avoid making financial decisions.


These decisions when left unplanned will result in financial emergencies and worse yet may haunt you for the rest of your life. Whether you are in your 40’s balancing your household budget and want to fund your children’s college savings plan and defer more into your retirement plans; your 60’s faced with delayed retirement and stock market uncertainty; or in your 80’s coping with the fact that its time to downsize your home or transition to a retirement community, you need to take the initiative to face your fears and tune into your financial lives.


While the idea of being unable to afford your future is scary, don’t wait until some event blindsides you. The only way to conquer your fears is by taking action. You need to take control by developing good saving habits, understanding and managing the financial risks that you are exposed to, and by working with financial professionals to help you implement your goals.


You have the ability to neutralize your fears. Will you walk around the house in the dark waiting until the ghosts or goblins get you? Or will you turn the lights on before you enter the room?



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Ogorek Wealth Management, LLC

Ogorek Wealth Management, LLC