SJM_PROFILE_SHM_Financial_0619_v2_profile 5 / 31 / 19 3 : 37 PM Page 1 PREDICTING YOUR Financial Forecast SHM Financial will be there to guide you through the by LAUREN KUBIAK financial ups and downs in life . through the storm . Started in 1958 , SHM Financial has the experience of a multi - generational team of professionals and has grown into a firm providing clients financial planning on a conservative , pre - dictable basis . This includes looking at the client’s risk tolerance and under - standing where they are in their life , from age , to health , to financial standing . From there , a plan is developed and presented based on the client’s needs . When SHM Financial advisors develop a plan for clients investing into the stock market , there is always an exit strategy and the risk you’re willing to take . “ If you look at what you have currently in assets , if all of a sudden things go against you by 20 or 25 percent , what will that mean to you ? How will that affect you ? How much can you safely , in your own mind , lose before you’re going to get concerned and totally upset ? ” says Molotsky . Retirement planning is also among the many financial services SHM Financial provides for the client . And many indi - viduals who are getting closer to retirement are failing to notice certain aspects about Social Security . First and foremost , Social Security is still critical for those about to retire , but it’s more critical to know at what age to take Social Security . “ You have to be prepared , like the he economic environment is a “ Some people should take it earlier ; weather , as it pertains to the stock lot like the weather , says Stan some people should wait to take it later , ” market , the same way . You have to have Molotsky , founder , president and T Molotsky says . “ You can make a case to an exit strategy , knowing how much risk CEO of SHM Financial Group . Although do it either way ; it’s just a matter of you’re going to take , ” he says . “ Are you forecasts can at times be accurate when what the person’s goals and objectives , going to drive into the storm or are you it comes to sunshine , thundershowers or risk tolerance and [ family history ] as far going to wait for the storm to pass and a combination of both , they can never be as longevity is concerned . ” then go about your business , and it 100 percent predictable . The same goes At SHM Financial , the concept for depends on a whole multitude of dif - into the economy regarding how the retirement is to watch spending a few ferent circumstances . ” stock market can fluctuate . But according years before and a few years after retire - There’s no better financial advising to Molotsky , that’s exactly how you ment . It’s best if the individual is con - company than SHM Financial to help should look at the stock market — as a servative with their money and spending guide you , in not just the sunshine , but weather pattern . SOUTH JERSEY MAGAZINE volume 16 issue 3 SouthJerseyMagazine.com 22 |