Are You More Loyal to Your Investments or to Your Family?

The title of this podcast must be a rhetorical question, right?

Well, not necessarily. We recently met with an individual who has been following this podcast, and he has $10M in stock with $5.5M of it in UPS stock. He used to work for UPS, he loves UPS, he never wants to sell the UPS stock.

The question is, if the market tanks, will his beloved UPS stock remain unchanged, or will is lose value like all the other stocks would? Of course it would lose value – and as a consequence, this individual’s nest-egg and perhaps the inheritance he intends to leave to his family would be greatly affected.

Listen in for more thoughts on how to plan your retirement investments while keeping both your family and your goals in mind. Taking the emotion out of investing is a very wise thing to do in most situations, and sometimes it takes an outsider (such as a financial advisor) to help you push through the emotional attachment to certain investments.