Resources & Updates on the DOL Fiduciary 3.0 Rule. Learn more and get involved here!

Finseca: 3 Ways to Ensure Your Financial Security Will Become a Reality

WASHINGTONJuly 24, 2023 — As The Washington Post recently noted, Americans are doing better financially today than before the pandemic – somewhere between 10 and 15 percent have more in their bank accounts today as compared to 2019. And while this is a step in the right direction, true financial security goes beyond just having a little more money in the bank.

If you’re also in a position of strength, in addition to being a savvy saver, here are three tips to ensure your long-term financial security becomes a reality:

  1. Talk to a Professional – Navigating the complexities of not only the economy and markets, but also life can be overwhelming. Even the world’s greatest athletes need coaches, and the same is true for our financial life. It is highly recommended that you seek professional guidance from a holistic financial security professional when developing your financial plan. They can assess your specific circumstances, help you understand the available options, and tailor a holistic strategy that aligns with your unique needs.
  2. Develop a Holistic Financial Security Plan – More than a year ago, Ernst and Young published a study that exhaustively analyzed how life insurance, especially permanent policies, investments, and deferred income annuities out-perform investment-only or investment-plus-other-products approaches, in every combination. Individuals and/or families who have life insurance, investments, and guaranteed streams of lifetime income through things like annuities are in a significantly better position to absorb the challenges that life throws their way.
  3. Consistently Reevaluate Your Financial Position and Goals – Life is dynamic and any number of things can disrupt your financial plan. Regular assessments and reassessments of your financial position should be on your monthly and/or quarterly to-do list. Be sure to check for opportunities for growth as well as where you may be over-exposed to serious risk.

Remember, financial security goes beyond just saving a little more money. Even just taking these three steps can ensure your long-term financial security becomes a reality.

About Finseca
At Finseca, we know that financial security improves people’s lives and protects their livelihoods and future well-being. We are rising to the challenge of increasing financial security for all. Finseca represents the men and women of the financial security profession who dedicate themselves to delivering financial security to their clients every day.

Featured Upcoming Event:

Finseca Policy Newsletter

Watch for this bi-weekly newsletter in your inbox on Tuesday evenings. Stay up to date on legislative and political happenings…

Resources

Access website resources and articles.

My Finseca

Access communities and learning environments.

About

Together, we elevate our profession by serving the needs of our members. We protect dreams and promote financial wellbeing for all. We are the home of the top financial security professionals. Together, we are Finseca.

Events

Finseca events put insight and intentionality front and center, helping financial security professionals protect and enhance the financial well-being of people, families, and businesses everywhere.

Insights

As the home of the top financial security professionals, Finseca will elevate the reputation and visibility of the work our members do.

Resources

Access searchable content in one place! It has never been easier to find what you need to accelerate your business and maximize results. From deeper dives into diverse topics on policy and regulation, to one-pagers and webinars featuring experienced industry leaders, the Finseca Resource Library is your one-stop shop for quick and actionable tools.

Communities

Finseca’s Communities are designed to help meet the needs of each unique community within the financial security profession. Our model brings the profession together for issues that impact everyone, while also providing a customized, community-focused structure for discussion and collaboration in a more intimate setting for different areas of the profession.