After graduating college and beginning law school, I got a call that my grandmother had become sick with cancer.
My grandmother was a strong independent woman so her biggest fear was being a burden on the family.
She had worked for the same company for 36 years and retired. She did every single thing that the traditional advisory field told her to do; work, save in a 401K, max it out as much as possible, and then one day you’ll be able to retire.
Unfortunately, the system failed my grandmother because she had all of her money in tax-deferred accounts.
When the market crashed she lost half of her money and she had to take money out of her account to pay for medical expenses since she had no long-term care insurance.
My grandmother died feeling like she was a burden on her children - her worst nightmare had come true.
After a bunch of headaches and grieving, I began to wonder who else was set up for this same fate.
This is the heartbreak that made me decide to study finance and join a large financial firm, that’s where my dissatisfaction with the financial industry began.