Your Survival Guy was talking about money with his daughter over the holidays. And it wasn’t exactly the conversation I was expecting to have.
You see when I logged into my accounts, I didn’t see what I was expecting to see. Usually, I have access to both of my kids’ UGMA accounts. I’ve been managing them for years.
When I attempted to pull hers up, a caption box appeared instructing me to contact my representative. “That’s not good,” I thought to myself. “Have we been hacked?” thinking the worst.
Your Survival Guy called, and then it hit me.
“Sir, your daughter is of age. She’s over 21. This is her account now, and needs to be transferred to her. You no longer have access. Please have her call,” she instructed. “Is there anything else I can help you with?”
“No, thank you,” I said, as a list of things I needed help with ran through my head. “We’ll take care of it.”
“She’ll need to take care of it, sir. Have a nice holiday.”
Gulp.
And then Your Survival Guy had “the talk” with his daughter. One that I wasn’t prepared to have at that moment. The money talk. Not that there’s a good time. Giving up control is never easy. And yes, it’s more about me. I get it. It’s a leap of faith. Not that she hasn’t been around money conversations her whole life. She has. But when I was shut out and lost access after all these years, it wasn’t easy.
Which brings me to you, dear reader. I know how you feel when you contemplate working with an advisor like Your Survival Guy. Many of you already do. You’ve taken that leap of faith.
At the end of the day, it is that simple: It’s a leap of faith. You’re giving up control of your life savings and putting it into someone else’s hands. And you really don’t know what it’s going to feel like until it happens. Just ask me.
Action Line: When you decide to take that leap, work with someone who treats you like family. Someone who understands what you’re going through. When you’re ready, let’s talk.
Originally posted on Your Survival Guy.
