Friday, January 4, 2013

Beginning With The End In Mind by Melanie Hasty-Grant: Ask the Money Maven: Straight-forward, No-nonsense Talk About Your Money

I was blessed this past year with the honor of sitting at the bedside of one of my very first clients while I assisted him and his wife with arranging for hospice.

These are long term clients and we have walked quite a long journey together. Many, many years ago this couple came in to see me with the little money they had saved. 

They told me their hopes and dreams for when they retired. We came up with a plan. Over the years they have developed their wealth the old fashioned way
They worked hard, kept their expenses low, saved a lot, got laid off, changed jobs, rolled over pensions, and 401k’s. Life didn’t always go as planned. We adjusted our plan to accommodate life. A few years ago we worked with an estate planning attorney to develop a trust, a living will, a power of attorney, a health care directive.

They bit the bullet and invested in a joint long-term care policy. Finally, they retired. Within a couple of months of retiring, Chuck was diagnosed with terminal cancer.

As I walked down the hall of the hospital to his room, I couldn’t help but think about all of the sacrifices they had made and all the planning we had done. As I entered his room, he recognized me and said “Melanie, this is not what we had planned!” I said “I know. We’ve got to get back on track!” We laughed for a moment and then cried for a few. “ I want you to promise me that you will help Mary figure out all of the financial stuff and I want you to make sure she takes the next step and holds on to the things we had dreamed” he said, and I promised I would.
Sometimes things work out exactly as we planned. Sometimes God has a different plan. In the end, you will want to know, that no matter what, your loved ones can go on and that you have taken care of them. A life well lived… beginning with the end in mind. And tomorrow, I begin again…with Mary.

I am so very grateful that I get to do what I do and help people along this journey. For more information go to Melanie Hasty-Grant, Experienced Licensed Professional Counselor and Managing Principal at Waterstone Private Wealth Management. LPL Financial. Member FINRA/SIPC.

*The clients names were changed to respect their privacy. These clients were assisted with brokerage services. The testimonial may not be representative of the experience of other clients and is not indicative of future performance or success.

*The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. To determine which investments may be appropriate for you, consult your financial advisor prior to investing.

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