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Karl and Heather's Journey:

No More Horsing Around with Finances

Some of our earlier blogs compare our Project Money journey to a horse race:

  • Shaky nerves at the start
  • Unsure of how we’d perform
  • The end seeming so far away we’d never get there

Today we are zipping down the long backstretch in a generally comfortable stride, but are aware that the final turn and finish line are much closer than they used to be. At our last meeting with Coach Laura, it was a challenge for Heather and me to articulate just how much has changed in our financial mindsets since Project Money came into our lives. Words like overwhelmed, frustrated and clueless used to swirl in my brain and discourage me from taking action. Figuring out where to start and being encouraged (and corrected) along the way are what has enabled our family to change not only our habits, but our overall attitudes as well.

A recent example of our new mindsets involved devising a strategy for my 401k and pension. The number of available options was mindboggling: Do a rollover. Take a distribution. Look into an IRA Savings account. Each option being supported by pages of tiny confusing legal speak and penalties if we didn’t follow the rules. But instead of shutting down or panicking, we worked with Laura to get connected with a Summit Financial Advisor. After two meetings with David, the foreign terms and endless decisions to be made were systematically explained to us in ‘common language’ that we could understand and act upon. We are now owners of a financial strategy that fits our savings goals and risk tolerance.

What we did was nothing different than many others do every day; however for us it became an opportunity to take ownership of a part of our financial lives that up to now was largely ignored. We now take the time to ask questions (there is no dumb question when it comes to finances) and leverage resources/tools available to us through Summit. The great part is, even after Project Money concludes, they will all still be there to help us keep moving in a positive direction.


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