You never know what’s around the corner. That’s why, in addition to our knowledge about the effects of stress, Behavioral Wealth Management incorporates expertise in major life events so we can help you navigate these experiences with confidence.   

In today’s world, it’s essential that your wealth management firm understands the tax, investment, and planning issues involved during major life events. We can guide you through the choices and help you understand their impact on your life goals, finances, and priorities.

David Geller CEO & Co-Founder

LIFE HAPPENS...

Every few years, families typically experience major life events. Some are great, others not, but they often demand decisions that can significantly affect your finances and future. And that makes them stressful. These situations can be:

UNKNOWN    URGENT     IRREVERSIBLE     COMPLEX     EXPENSIVE

From the 1960s through 90s, scientists developed and refined the Social Readjustment Scale, a method of rating how stressful people feel during various life events. Can you relate?

Self-reported stress during major life events

Self-reported stress during major life events
Self-reported stress during major life events
Self-reported stress during major life events

The scientists used “marriage” as the baseline measurement and gave it a value of 50. Events with higher rankings are therefore considered more stressful than getting married. (Source: Hobson, Charles J. et al, “Stressful Life Events: A Revision and Update of the Social Readjustment Rating Scale.” International Journal of Stress Management, Vol. 5, No. 1, 1998.)

New to You, Not to Us

When you face stressful decisions about life, career, and family, your body can actually work against you. Fortunately, we address that problem with Behavioral Wealth Management. For example, our team deals with these events on a regular basis, so we can help illuminate the unknowns and latest options that can cause anxiety for you and your family. We can also give you the context to understand your choices. While we’re not practicing law or accounting, we can share:

  • FINANCIAL INSIGHTS related to taxes, investments, and financial planning specific to your situation.
  • DETAILS about the tradeoffs among your own competing priorities, goals, opportunities, and more.
  • PERSPECTIVE ON THE IMPACT your choice can have on you and your loved ones.
  • INNOVATIVE IDEAS that enable you to pursue your passions.

There’s never a perfect choice or even a right choice; there’s just the right choice for you based on your values, priorities, and wisdom. We’ve been there. Whatever you’re going through, JOYN’s team has worked with clients through similar situations.

CAREER

  • Should I take this new job?
  • I don’t want to retire – I love working!
  • I hate my career – what should I do?
  • I’m worried retirement will bore me to tears.
  • I’d like to semi-retire first.
  • I’ve been downsized or pushed into retirement – what comes next?

BUSINESS

FAMILY

  • I’m getting married or divorced.
  • I’ve just lost a parent or spouse.
  • Should I pay this exorbitant tuition?
  • I need to support a loved one.
  • I’m dealing with a significant illness in the family.
  • I want to leave a legacy.

Ultimately, we’re on a mission to give you confidence in the decision you make. We think considering meaningful and personalized options is the best way to do that.

CONVERSATION STARTERS (or stoppers)

Want to make an impression at your next get-together? Try dropping these facts and stats about the impact that big life events have on people.

  • 75%

    Percentage of business owners who sold their businesses later regretted the decision to sell.1
    Learn More

  • 1955

    Born after 1955? You’re up to 300% more likely to experience stress-related disorders versus your grandparents.2

  • Retirees miss their friends: Highly successful professionals approaching retirement cited “work friendships” as their strongest work motivator, beating “financial gain.”3

  • 300%

    Give your M.D. a cookie: Doctors in a positive mood show about 300% more intelligence and creativity and make accurate diagnoses 19% faster than peers in a “neutral” mood.4

  • 30M

    More than 30 million baby boomers say they would like to make a career change.5

  • 33%

    Roughly 33% of retirees have poor adjustment styles, affecting the likelihood that they’ll experience significant shocks, losses and adjustments.6

  • 51%

    51% of people ages 55-64 are (or would like to be) semi-retired before retiring full time.7

  • 40%

    40% of workers rate their job as “very or extremely stressful.”8

1 PricewaterhouseCoopers / Exit Planning Institute study of former business owners, 2012-2013.

2 Jehangir, Muhammad, et al., “Effects of Job Stress on Job Performance & Job Satisfaction.” Interdisciplinary Journal of Contemporary Research in Business, vol. 3, no. 7, November 2011, p. 456. Original study published in the Journal of the American Medical Association, 1993.

3 Achor, Shawn, "The Happiness Advantage: The Seven Principles of Positive Psychology." Crown Business Publishing, 2010, p. 184. Original study: Holahan, C.K. and Sears, R.R., “The Gifted Group in Later Maturity,” Palo Alto, CA, Stanford University Press, 1995.

4 Achor, Shawn, "The Happiness Advantage: The Seven Principles of Positive Psychology." Crown Business Publishing, 2010, p. 15.

5 Tacchino, Julie I., MSTFP, “Will Baby Boomers Phase into Retirement?” Journal of Financial Services Professionals, date unknown.

6 Osborne, John W., "Psychological Effects of the Transition to Retirement.” Canadian Journal of Counselling and Psychotherapy, vol. 46, no. 1, 2012, page 45, retrieved 2/11/2015, citing Braithwaite & Gibson, 1987, & Braithwaite, Gibson & Bosly-Craft, 1986.

7 Brandon, Emily, "The Rise of Semi-Retirement." USNews.com, 9/30/2013, retrieved 2/11/2015.

8 Stress at Work: DHHS (NIOSH) Publication Number 99-101, Centers for Disease Control, 1999, retrieved 2/11/2015.

Join Us

When wealth advisors look and sound the same, how do you choose? A coin flip? Pick your neighbor? Why leave such an important decision to chance? Instead, join us at an upcoming workshop. Hear recent research, discover new insights, and experience JOYN’s transparency and expertise firsthand.

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