Richard Dwayne Blair of Wealth Solutions offers a three-pillar approach in reaching financial goals. The first step is a common-sense step that has probably been drilled into your mind since you first started thinking about your goals. The next steps build on that first step. Having a plan in place, developing a strategy and planning for the unexpected is the key pillars in any successful financial endeavor.
Richard Dwayne Blair founded Wealth Solutions in 1994 to help individuals and families achieve financial stability. Helping people with their financial issues brings joy in his life. Blair offers a wide range of investment options that are personalized to individual needs. He is a big advocate of education and feels that educated investors make wiser decisions than uneducated investors.
Richard Dwayne Blair’s expertise is in retirement planning. He encourages his clients to start making financial planning decisions early. He helps his clients avoid the usual pitfalls that trip people up when planning for retirement.
The very first thing that potential clients should think about in regards to their financial goals is what are they. You may have different goals than someone else. Blair suggests creating a roadmap detailing your ultimate goals. This roadmap could include your dreams for retirement, what you hope to do in retirement and what risks you are willing to take to reach your goals.
Once you have that roadmap it is important to strategize how you will meet those goals. Blair provides the analysis you need moving forward to utilize your existing assets and make sure negative impacts are absorbed. This could mean moving investments around to increase their performance or selling unneeded stock. Stocks that perform well over time are usually selected over those that don’t have a good track record.
It is important to plan for the unexpected. The third and final pillar for financial security is insurance. Blair says that having life and long-term care insurance can help you through the eventual storms of life. This prudent and sensible strategy for reaching financial goals will alleviate stress. It will also have the added bonus of peace of mind.