FOMO – definitely a buzzword over the last few years.

I’m going to give you another term instead…”Shoulding.”

Stop “Shoulding” all over yourself!

We have enough pressure on ourselves and our businesses already we don’t need to be adding more.

Maybe you SHOULD figure out what’s best for you before telling yourself you Should be doing something else.

Here are your Quick Hits:

Retirees lost 23% of their 401(k) savings in 2022, Fidelity says

• Not the most positive article, but the truth is in the numbers.
• “Retirement account balances in 401(k) plans lost nearly one-quarter of their value in 2022”
• “Amid ongoing high inflation and economic uncertainty, nearly half of retirees expect to outlive their savings.”

2023 State of Video Report

• This is a solid report if you are using video in any of your marketing this year.
• Few key takeaways below – big one being the best place to put a CTA is in the middle of your video!
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• To be a better advisor, be a little less wrong tomorrow

  • Great article for our own education
  • “I would suggest that this false sense of precision is among the reasons that people harbor distrust of our profession and the wider financial services industry. We have become sellers of certainty because certainty is easy to sell. The problem is, it’s impossible to deliver.”
  • “The more important part of real financial advice is how we as experts help our clients when the “wrongness” shows up.”

   

  The Two Great Myths of Social Security Reform

  • Great share or topic to discuss in your media this month!
  • “The two big myths of Social Security reform are 1) balancing Social Security’s books is necessary; and 2) if attempted, such a task would be difficult.”
  • “In short, the Social Security “crisis” is an unhelpful construction. Today’s debate relies upon a financial misperception stemming from historic accident. It distracts us from the matter at hand, which is to determine the appropriate overall level of government spending and revenue, while also helping to advance—or at least not obstruct—the nation’s economic growth.”