Retail or Custom Fit?Written by Nolan Baker Mark Clair | | firstname.lastname@example.org
Have you ever had the opportunity to get a custom fit suit of clothes tailored to fit you? If you have, you really appreciate what a nice feeling this is and what a difference in how your clothes feel and look. I (Mark) can remember as a young boy my dad taking me to a tailor who took my measurements to make me a nice suit. Now mind you, we were not rich. My dad was a missionary in Korea, and it was very inexpensive to buy a custom tailored suit. My dad taught me how to dress and that if you look good it really has an effect on how you feel. You feel great. You look great. I definitely notice the difference when I see someone wearing something that is ill fitting. Pant legs dragging on the ground or sleeves way too long. It just looks a bit sloppy and not very professional. I know when I am feeling good in my clothes I feel much more confident and upbeat. I get a lot more done and people seem to respond to me in a much more positive way. My dad also taught me that when you go shopping for clothes, get dressed up so you look sharp. The sales person will treat you much better and will be more inclined to want to help you. I have followed dad’s advice and believe me it works. Try it out for yourself.
It seems that anything that is customized to your specifications is much better all around. It works better, feels better and has a positive impact on whatever you are doing. I always wondered how cowboys keep their hats on their heads when riding a horse. You would thing that because of the wide brim on the hat that it would blow off every time. I recently went to a business conference in Dallas and the hosts of the conference offered a custom fit cowboy hat for everyone there. I thought that was really cool. There were people there that helped you pick out your hat and then custom fit it to your head. They had stretchers and steamers and kept putting the hat on your head and taking it off until they had fit it just right. I now understand how the hat stays on the head. My hat is fitted perfectly and will not come off if the wind blows. Living in Ohio will probably not give me the occasion to wear it too often, but I actually got to wear it again when my little sister Michelle took me to the rodeo in Houston. Good times!
Why is custom fit such an important idea to The Retirement Guys? People come into our office everyday and share with us where they have their retirement money invested. When we look at it, we typically see a lot of the same kind of stuff. We call it retail. The kind of stuff anyone can go to the store and pull off the shelf. The same whether you have a little money or a lot. What we are then able to do is enlighten those that meet with us that there may be things available to you that you have not been made aware of. Things that are more customized to each individual situation. Some of these things are because of new technology. There may be things like “circuit breakers” that provide some potential protection against large downward movements in values of certain types of investment accounts. Other things may be available to folks that have a higher net worth. Many don’t realize what they are worth until they start adding it up. They don’t realize that they may qualify for some more favorable things that can be customized to their situation. They also may qualify for discounts they did not know they could get.
What to do? Check into it. As the saying goes, “you don’t know what you don’t know.” Find out what a custom fit feels like. Find out if you can be doing things more efficiently that can lead to a better result. You may be very glad you did. One way to do this is to get a copy of “The Essentials to Investing.” You can go to www.retirementguysnetwork.com to request a free copy. Remember, the next time you go shopping for clothes, dress up. See what happens.
For more information about The Retirement Guys, tune in every Saturday at 1 PM on 1370 WSPD or visit www.retirementguysnetwork.com. Securities and Investment Advisory Services are offered through NEXT Financial Group Inc., Member FINRA / SIPC. NEXT Financial Group, Inc. does not provide tax or legal advice. The Retirement Guys are not an affiliate of NEXT Financial Group. The office is at 1700 Woodlands Drive, Suite 100, Maumee, OH 43537. 419-842-0550.