• Melissa N. Osika, MBA

Out of your Comfort Zone?

Have you ever been asked to do something that is out of your comfort zone?

This month I was asked to be a panelist at a Non-Traded REIT conference in June. This conference is in its 15th year and is a premier independent gathering of senior level broker-dealers, product sponsors, registered investment advisors, due diligence professionals and law firms. The symposium provides a platform for leadership, development and learning for financial professionals. My initial instinct on being a presenter at a premier industry event taking place on Wall Street....NOT A CHANCE!

However, after further thought my attitude changed. We have a thoughtful Due Diligence process to review investment options for our clients. We don't shy away from asking difficult questions of investment firms. My constant questioning and insight was recognized and now I have been asked to share our process and experiences with other professional advisors. I can do this! Because of our process, I am already prepared to do it. I don’t expect to know everything, but I do know our process for our clients is strong. Being PREPARED takes time but has advantages.

RETIREMENT - Failure is not an option!

Getting out of our comfort zone can be scary yet if properly prepared failure is NOT an option. Many of us hope to enjoy the luxury of retirement but don’t know where to begin. For several years getting up going to work may feel like a hamster on a wheel, it just keeps running. What happens when that wheel no longer exists? Have you stopped to think about your wheel stopping or are you so caught up in the daily routine you barely have enough time to get off the wheel. There could be a lot of curve balls that may come during retirement such as: healthcare, illness, medications, caring for an elderly parent or having an adult child move back in. During the planning process these are topics we discuss and can evaluate. We try to use the known and unknown variables to predict future income, withdrawal rates, and how long will your income last. The great thing about financial planning process is with a click we can easily change those variables.

What does the financial planning process do for you? Creating and implementing a comprehensive financial plan generally involves working with financial professionals to:

  • Develop a clear picture of your current financial situation by reviewing your income, assets, and liabilities, and evaluating your insurance coverage, your investment portfolio, your tax exposure, and your estate plan.

  • Establish and prioritize financial goals and time frames for achieving these goals.

  • Implement strategies that address your current financial weaknesses and build on your financial strengths.

  • Choose specific products and services that are tailored to help meet your financial objectives*.

  • Monitor your plan, making adjustments as your goals, time frames, or circumstances change.

“There are no secrets to success. It is the result of preparation, hard work, and learning from failure.” Colin Powell


Herr Capital Management, LLC   27 West Plainfield Road, Countryside, Illinois 60525  

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Securities offered through American Portfolios Financial Services, Inc. Member FINRA/SIPC.  Investment advisory services offered through Herr Capital Management, LLC, a registered investment advisor independent of American Portfolios Financial Services, Inc.