042: [Chapter 1 Sneak Peek] "Planning For The Certainty of Uncertainty" by Jon Kuttin and Digitally Narrated

This is the first chapter of Jon Kuttin's soon-to-be-released book: "Planning For the Certainty of Uncertainty In Retirement."

About The Author: Jon Kuttin
LinkedIn: https://www.linkedin.com/in/jonkuttin/
Website: https://www.kuttinconsultinggroup.com/
Financial Advisor Success Syndicate (FASS): https://joinfass.com/

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Transcript

Speaker 1: 0:27

Chapter 1 Discovering Simplicity Amidst Complexity. Growing up, I believed in our perfect middle-class life, complete with all its comforts Our small home, occasional new cars, family vacations and dining out seemed the picture of stability. However, during my junior year of college, this image was shattered when I learned about my parents' hidden financial struggles, including their bankruptcy and the use of a credit card in my name to pay for my tuition. The shock of my parents' financial troubles propelled me toward a profession I had never anticipated financial advising. While studying at the State University of New York in Albany, with ambitions of becoming a physical education teacher, I came across an internship posting for IDS Financial Services, now a Mara Prize financial that caught my eye. This unexpected opportunity introduced me to a mentor who shared a philosophy that would profoundly shape my career. The great financial advisor has the heart of a social worker and the mind of a capitalist. The heart of a social worker embodies a sincere desire to help people. I recognized that my parents were in need of guidance, but they lacked a support system. On the other hand, the mind of a capitalist involves comprehending capital markets and simplifying complex financial information. It dawned on me that my passion for teaching and helping others could find a fulfilling outlet in the field of financial planning. Years later, my father joined my practice in an administrative role. His presence further fueled my determination to help others manage their financial challenges, a mission that feels even more profound since his passing.

Speaker 1: 1:59

One concept that has stayed with me throughout my career is the idea of achieving simplicity on the far side of complexity. Every goal, no matter how simple it may seem, contains layers of complexity that must be dealt with. Take retirement, for example. At first glance it might seem like a straightforward objective Retire at 65, travel the world, spend time with grandchildren, maintain good health and contribute meaningfully to society. But beneath this seemingly simple idea lies a mountain of complexity composed of countless decisions that need to be made to reach that ultimate goal. In the pursuit of retirement, you'll face questions like 1. How much should I save? 2. What investment strategies should I employ? 3. How can I ensure my savings last throughout my retirement? 4. What kind of insurance policies do I need? 5. How do I plan for health care expenses? 6. And what about estate planning, tax strategies and social security benefits? These are just a few of the many considerations that come into play as we work toward the simplicity of our retirement goals.

Speaker 1: 3:04

The journey from the simplicity of our initial retirement aspirations to the simplicity of a secure, well-planned retirement requires navigating through this mountain of complexity. For this reason, I sometimes visualize this process as a mountain range, where the lower left corner represents the simplicity of our starting point and the lower right corner represents the simplicity we hope to achieve at the end of our journey. The peak of the mountain symbolizes the height of complexity we must cross along the way. In this context, the words of former US Supreme Court Justice Oliver Wendell Holmes stand out I would not give a fig for simplicity on the near side of complexity, but I would give my right arm for simplicity on the far side of complexity. This statement strongly emphasizes the importance of finding clear and simple solutions even when faced with complicated challenges. It highlights the need for hard work, guidance and persistence to achieve true simplicity and understanding in complex situations.

Speaker 1: 4:01

With my 29 years of experience and our team's management of $9.4 billion in assets through AmeriPrize Financial, my goal throughout this book is to blend the caring nature of a social worker with the expertise of a skilled financial advisor. By the end, if I have done my job well, you will feel more confident and equipped to plan a retirement that represents the best in confidence, simplicity and success. When my parents' financial turmoil surfaced, I wished they had a guide to help them navigate. I wished they'd had someone to unravel the complexities of financial planning and offer clear, actionable advice. This desire to help others avoid a similar predicament motivated me to change my career path, and it continues to drive me in my work as a financial advisor.

Speaker 1: 4:44

By reading this book, you are taking a crucial step in securing your financial future. I'm here to help and provide the insights you need to make smart decisions about your retirement. We'll work together to tackle the complexities of financial planning and find the underlying simplicity. Ultimately, I hope this book not only deepens your understanding of financial planning, but also boosts your confidence in managing your future. The goal is more than just financial stability. It's about achieving financial freedom and the peace of mind that comes with it.