Volatility Tests Vision
Markets may be up, down, or sideways—but leadership doesn’t get to flinch. In times of uncertainty, the best advisors stay focused, communicate clearly, and double down on what drives value. Whether it’s refining your message, leveling up your team, or testing scalable strategies—great leadership shines when things get choppy.
Here are this week’s insights to help you lead, grow, and adapt…
Here are your Quick Hits:
Why some retirees will see a Social Security benefits increase starting next month
- Starting next month, some retirees will see an increase in their Social Security payments due to the elimination of the Windfall Elimination Provision (WEP) and Government Pension Offset (GPO).
- This change affects approximately 3.2 million public employees, including teachers and firefighters, who previously faced reduced benefits.
- Advisors should proactively inform affected clients and adjust their retirement income strategies accordingly.
Business of Advice with David Callanan: Leadership Demands Growth
- Great episode from the 2 founders of Advisors Excel.
- Embracing Growth Through Change: David emphasizes that effective leadership requires a proactive approach to change. Leaders must not only adapt to evolving circumstances but also anticipate and drive change to foster continuous growth within their organizations.
- Cultivating a Strong Organizational Culture: The conversation highlights the significance of building and maintaining a robust company culture. David shares strategies for creating an environment where values are clearly defined, and team members are aligned with the organization’s mission, leading to enhanced collaboration and performance.
- Learning from Successes and Failures: Reflecting on their two-decade journey, David and Cody discuss the importance of analyzing both achievements and setbacks. They underscore that valuable insights can be gained from every experience, and leaders should use these lessons to inform future decisions and strategies.
Leadership Insight: The Power of a ‘Really Big Idea’
- Dennis Moseley-Williams emphasizes that successful leaders often start with a focused, impactful idea targeting a specific audience.
- For financial advisors, this means transforming into charismatic leaders who foster a sense of belonging and well-being among clients, beyond just financial security.
- Consider what “big idea” can set your practice apart and deeply resonate with your client base.
Retirement Insecurity 2024: Americans’ Views of Retirement
- A recent survey indicates that 79% of Americans believe the nation faces a retirement crisis, up from 67% in 2020.
- Over half are concerned about achieving financial security in retirement.
