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The ins and outs of treating ‘financial cataracts’


Conducting a thorough financial examination may help clinicians to see their finances as clearly as their patients see the world after cataract surgery.

©utah51 / stock.adobe.com

As ophthalmologists well know, patients are often in denial about their diminishing vision. It’s gradual and they are most likely scared to face that this is happening to them. We know that you interact with them with understanding and compassion as you understand the trepidation they are experiencing.

After your thorough examination of these patients, you make them aware of all of their options. This is no different than what we experience in working with doctors. There is denial about the sudden loss of value of their investment portfolios and a fear that isn’t always openly acknowledged, even to themselves. So, many do what cataract patients do, they keep waiting for things to clear up. We don’t use a slit-lamp or glare testing, but we do have our own sophisticated means of examination, and the same compassion and understanding that you have for your patients.

After our financial examination, as Wealth Managers, we also give all the options available to the doctors. It is during this phase, that we hear what you most probably hear every day, “Oh my God, I see so clearly now”.

Only we usually hear, “I feel so organized and at peace knowing my financial future has been so well thought out”.

At the bottom of this article is only one small example of what you may not know that you don’t know. If this is so, then you have to ask yourself, What else is out there that I’m not being made aware of? What opportunities have I been missing?

Questions such as: How can I protect or hedge my investments better? How can I have guaranteed income in retirement that I cannot outlive? How can I take advantage of these seemingly impossible markets?

There are almost always opportunities during every crisis. Do you know what they are?

With high inflation, rising interest rates, falling bond values, unprecedented market volatility, headlines of failing banks, a war that seems as if it will go on for some time, higher oil and gas prices, of course there would be concern. But, if you have that complete financial examination, even if it is only used as a second opinion to compare what you are currently doing, you may see your finances as clearly as your patients see the world after their cataract surgery.

One small example of this is that with money market rates at such low values, (and taxes and inflation eating away at your dollar’s value), are you aware of the safety and rates shown below this article? Most likely not. If you have any interest in obtaining a second opinion on your finances or further inquiring about the insured savings account listed below, please use any of the links or phone numbers to contact us for more information.

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