Well, one thing all dads want on Father's
Day is a Peace of Mind knowing t
their family will be taken care.
That's why finding the right
financial planner and great
wealth advice is so important.
I'm joined by Dwight Rich with Rich Wealth
Management to help guide us through this.
Nice to meet you and have
you on Great Day Live.
Thank you for having me.
You know, happy early Father's .
Big plans.
I think my wife has a surprise
for me. I don't know yet.
That's the best, you know.
Well, we wanted to have you here
on on the Father's Day show bece
I think Peace of Mind, I mean,
that's the gift that we all wan.
To know that and it could be rey
stressful I think thinking about through
how to plan our finances for a e
future but let people know a lie
bit about your background and how you
got started here in the area. Y,
so I went to University of Louisville
and they they brought in a final
advisor when I was in my finance class.
A shout out to Russ Ray was my
favorite professor at EU of L ad
it was so impressive to me thatI
decided to really pester him anI
end up getting an internship an.
Started in the financial advisoy
business right out of college,
so that was over 25 years ago.
I started in 1995,
it's hard to believe and said tt
out loud that I think the Dow
was 4548 hundred at that time.
And you know it's been an incree
journey and lots of interesting markets
and met lots of interesting peo,
really, really enjoyed this profession.
Twight, it's been an interesting year, right?
You know, you're just looking through news
and watching news with financial news.
There's been so many ups
and downs and it's a lot.
You know, we think, Oh my goodn,
you know, we're paying so much for groceries,
we're paying so much for for gas prices.
When do I have time to save?
Like those are just the common
things people think of every da.
Why is it important then in this kind of
environment to have a financial advisor?
Well you know people asked me that before
and I I think that I would ask y
wouldn't you have a financial advisor.
You know you have a doctor for your health.
You know you get a professional
for for most important things
and I think you know next to yor
health your your money's probab,
you know second a close second.
So you want to get it right bece
you only get to do it once and I
think by and large that people h
a financial advisor do better ad
have a better understanding of.
How to achieve their goals and o
it in a methodical and analytical way
versus kind of the seat of the pants.
And I think so often we begin
thinking about it when it's
maybe a little too late, right?
We hit a panic button when we're
approaching a big birthday or mom and
dad are approaching a big birth,
or we suddenly see, oh,
the stock market's not doing so well.
It's not really the time that, you know,
the suddenly we start thinking it really.
Interesting times.
So when should you start planning for
retirement and when should you t
kind of really getting things in order?
Yeah, well,
studies have shown that people who do
it earlier have a more confidend
less anxiety about their part o.
But I think, you know, just, I ,
I think the typical advisor, no exception,
people start getting serious about it
in their 50s when they see the ,
the money that they've accumula.
And then when they get to a poit
where they're going to have to e
decisions like when they going to retire,
when they're going to take Social Security.
So you know a lot of times we se
people and they come their late
50s or they're approaching that2
where they can start to take Sol
Security if they want to.
But I think earlier the better.
You know, I I sat down with a a young
gentleman he wanted to get star.
He was 2425 and we sat down,
said well here's the steps we
need to start taking.
There's
for him. Oh, the mom and me is like, yay.
Very responsible. I love that.
Very, very responsible.
So what does a consult look like
with you if people want to reach out?
Kind of what do you go through
and do you need to bring anythi?
Sure. Well, I mean a consultati.
It really starts with us just listening,
understanding the person,
what's important to them,
What are the family dynamics?
Do they have any special needs
or anything that's going on in
their lives that takes importan?
And then we're going to talk abt
their goals and then of course l
gather together all the financis
and understands their income and
their net worth and everything .
But we make it very easy for people just to
come in and basically it's all confidential.
And then go through their entire situation
and and really lay out a road map and
sometimes we just need that thas
hard to listen to sometimes,
but we need to hear the road map
and kind of the path forward mas
this maybe tighten up a little ,
sure that too or maybe do things differently.
And the consult is is complimen,
that's confidential and it's complimentary.
Absolutely. We don't charge
anything on a for a consultation
and everything's confidential.
So you really have nothing to l.
But everything to gain. Absolut.
Well, it is so nice to meet you.
Pleasure. I hope you have
a wonderful Father's Day.
And you're super surprised.
Thank you very much.
Do you have any hints at what it might be?
I'm sure there's meal involved.
Tell us meal involved.
Maybe some gifts, maybe for my daughter.
So, well, enjoy the weekend
and thank you so much.
I really appreciate it.
Once again, For more informatio,
just head on over to
richwealthmanagement.com
or just call the number on
the bottom of the screen.