Richardcyoung.com

  • Home
  • Debbie Young
  • Jimmy Buffett
  • Key West
  • Your Survival Guy
  • How We Are Different
  • Paris
  • About Us
    • Foundation Principles
    • Contributors
  • Investing
    • You’ve Read The Last Issue of Intelligence Report, Now What?
  • The Swiss Way
  • My Rifles
  • Dividends and Compounding
  • Your Security
  • Dick Young
  • Dick’s R&B Top 100
  • Liberty & Freedom Map
  • Bank Credit & Money
  • Your Survival Guy’s Super States
  • NNT & Cholesterol
  • Your Health
  • Ron Paul
  • US Treasury Yield Curve: My Favorite Investor Tool
  • Anti-Gun Control
  • Anti-Digital Currency
  • Joel Salatin & Alfie Oakes
  • World Gold Mine Production
  • Fidelity & Wellington Since 1971
  • Hillsdale College
  • Babson College
  • Contact Us

What’s the Real Value of YOUR Financial Plan Today?

April 1, 2022 By E.J. Smith - Your Survival Guy

By Freedomz @ Shutterstock.com

“Do you do financial planning?”

“How much income can I expect to draw?”

“Do you consider taxes?”

Is Your Family Prepared for the Next Disaster? Click Here to Survive and Thrive

“Will I receive checks?”

These are just some of the questions I receive from investors. If you’re with me, you know these items are part of our regular conversations. If you’re not with me, then I hope you have someone you can depend on for the answers you need.

But for today, let’s tackle some of these and get into this. As I’ve said before, investing is more of an art than a science. As we all know, you can’t always follow “the science.” In other words, glossy financial plans or financial engines have an expiration date. Life changes. Your financial situation changes. You change. Markets change. You adjust to deal with them. It’s what we talk about in my conversations with you.

How about your income? How much can you draw? Well, it depends on how important it is for you not to outlive your money. When I tell investors what I believe to be a reasonable draw rate, I either get a “Good, we can do that,” or silence, then more pause, and “We were hoping for more.” Sorry. Look I’m Your Survival Guy. My palms sweat when investors tell me they “need” this or “that” from the market. I’m interested in reality—what you’ve saved, what you’ve earned—and I craft a reasonable plan from there. That’s it.

The key ingredient or input is YOU. You’re the single most important factor in whether or not you’ll have the retirement you deserve. You control your success in your work, and you control how much you spend and how much you’ve saved. My job is to work with your lifetime of savings and sacrifice—to be your Prudent Man—not to be the guy making false promises to get your business. There’re plenty of “products” those guys would love to put you in and charge exorbitant fees.

Taxes, social security, second homes, downsizing from your existing home, vacations, education, sale of businesses, saving for grandchildren, establishing trusts, and keeping beneficiaries up to date, are a few of the ingredients of my business. In my conversations with you, we talk about these things. We check in with each other. We make sure we’re always on the same page. Are we rowing in the same direction? Simple, yet hard to do.

What good is a 15-year plan when the world you were investing in just two years ago is completely different?

Action Line: The most important ingredient to your success is YOU. Are you getting the advice and care you need? Are you receiving the white-glove service you deserve? Is your advisor in tune with you?  Will he give it to you straight, or are you with a “yes” man? You know the truth. Don’t settle for less. If you need help, I would love to talk with you.

Originally posted on Your Survival Guy. 

If you’re willing to fight for Main Street America, click here to sign up for the Richardcyoung.com free weekly email.

Related Posts

  • My Stimulus Plan
  • What’s Your Survival Guy Investing in Right Now?
  • Your Personal Financial Security Part I
  • Are You Investing in the Armored Truck of Financial Markets?
  • Author
  • Recent Posts
E.J. Smith - Your Survival Guy
E.J. Smith - Your Survival Guy
E.J. Smith is Founder of YourSurvivalGuy.com, Managing Director at Richard C. Young & Co., Ltd., a Managing Editor of Richardcyoung.com, and Editor-in-Chief of Youngresearch.com. His focus at all times is on preparing clients and readers for “Times Like These.” E.J. graduated from Babson College in Wellesley, Massachusetts, with a B.S. in finance and investments. In 1995, E.J. began his investment career at Fidelity Investments in Boston before joining Richard C. Young & Co., Ltd. in 1998.

E.J. has trained at Sig Sauer Academy in Epping, NH, NH, where he completed course-work in Practical and Defensive Handgun, Conceal Carry Pistol, Shotguns, Precision Scope Rifle and Kidnapping Prevention.

E.J. plays a Yamaha Recording Custom drum set with Zilldjian cymbals. His first drum set was a 5-piece Slingerland with Zildjians. He grew-up worshiping Neil Peart (RIP) of the band Rush, and loves the song Tom Sawyer—the name of his family’s boat, a Grady-White Canyon 306. He grew up in Mattapoisett, MA, an idyllic small town on the water near Cape Cod. He spends time in Newport, RI and Bartlett, NH—both as far away from Wall Street as one could mentally get. The Newport office is on a quiet, tree lined street not far from the harbor and the log cabin in Bartlett, NH, the “Live Free or Die” state, sits on the edge of the White Mountain National Forest. He enjoys spending time in Key West (RIP JB) and Paris.

Please get in touch with E.J. at ejsmith@yoursurvivalguy.com

Click here to sign up for my free monthly Survive & Thrive letter.
E.J. Smith - Your Survival Guy
Latest posts by E.J. Smith - Your Survival Guy (see all)
  • Every Family Should Own at Least One Shotgun: Here Are Three - June 30, 2025
  • Smartphone Satellite Communications Are Here - June 27, 2025
  • Stein Vetoes NC’s Constitutional Carry Bill - June 26, 2025

Dick Young’s Must Reads

  • Can Ginger Combat Heart Disease and Improve Circulation?
  • Your Odds with Statins: 500 to 1?
  • Your Sheriff Is Your Friend
  • In Chicago, Education Connects the Dots
  • Remembering Brent Scowcroft
  • Life: When Others Resent You for Your Success
  • Your Survival Guy Prefers Bombardier’s Global Express 7500
  • Your Best State on Guns, Plus the 8th Wonder of the World
  • Is It All Coming Apart in the Government’s Face?
  • “I’m Having Major Surgery Tomorrow,” He Said

Our Most Popular Posts

  • Donald Trump’s “Faithful Execution of Law”
  • Iran’s Lost Advantage
  • How Was the Trip?
  • Who Wants War with Iran? Not the American People
  • Oil Shock? Not So Much
  • Richard C. Young’s Intelligence Report from Feb. 1987
  • Allowing Free People to Make a Democratic Choice
  • Will Trump Escalate after Iran's Response?
  • U.S.–Iran Tensions Soar Following Nuclear Site Bombings
  • “Off the Table”

Compensation was paid to utilize rankings. Click here to read full disclosure.

RSS Youngresearch.com

  • Work to Retirement #11: Whatcha Gonna Do?
  • Canada Rescinds Tech Tax, Resumes Trade Talks with U.S.
  • US Investment Gap Narrows in Q1
  • Why the ‘Big Beautiful Bill’ Could Fix America’s Broken Grid
  • Smartphone Satellite Communications Are Here
  • Income Falls as Government Cuts Welfare Spending
  • US and China Finalize Rare Earth Trade Deal
  • GPS Jamming Disrupts Strait of Hormuz Despite Ceasefire
  • Could Blue Blob New York City Get a Lot Worse?
  • Economic Fundamentals Show Stability Beneath GDP Decline

RSS Yoursurvivalguy.com

  • Every Family Should Own at Least One Shotgun: Here Are Three
  • What’s the Best Gun for Home Defense?
  • Work to Retirement #11: Whatcha Gonna Do?
  • Smartphone Satellite Communications Are Here
  • What’s Your Backup Internet Plan?
  • How Does Internet from Space Work?
  • Stein Vetoes NC’s Constitutional Carry Bill
  • Can the Golden Dome Save America from an EMP Attack?
  • Could Blue Blob New York City Get a Lot Worse?
  • Warning! Your Survival Guy’s on a Boil Water Advisory

US Treasury Yield Curve: My Favorite Investor Tool

My Key West Garden Office

Your Retirement Life: Traveling the Efficient Frontier

Live a Long Life

Your Survival Guy’s Mt. Rushmore of Investing Legends

“Then One Day the Grandfather was Gone”

Copyright © 2025 | Terms & Conditions | About Us | Dick Young | Archives