Finance Your Future Today.

Golden handcuffs are financial incentives given to employees to discourage them from leaving a company. Employers offer incentives to retain individuals that have performed well for the company or those that have exceptional or irreplaceable skills.

This phrase was first recorded in 1976. It was meant to encourage highly compensated employees to remain within a company or organization instead of moving company to company. Golden handcuffs come in different forms, such as employee stock options or restricted stock, which endow only when the employee has been with the company or organization a certain number of years. They are frequently used for jobs that require rare and specialized skills or in a ‘tight labor market’, where jobs are more common than workers.

Don’t Be Tempted – Be Financially Purposeful

The ‘golden handcuffs’ metaphor is referring to those of you locked in a job. It doesn’t necessarily mean that you want to be there, but the salary, benefits and prestige make it hard for you to leave. Listen–money, power and status are powerful incentives for keeping our hands tied, even if our hearts and souls would rather be somewhere else. Sustaining a certain income level (that “six-figure” salary) or aspiring to a position of perceptive importance (that “C-suite” job) are powerful motivators in a world where “keeping up with The Jones’” is still very alive.

Here’s the deal–what’s at stake has much greater risk factors such as our emotional and physical health, our family life, and many times we have no idea how to break free. Some even call this vicious cycle a curse. Look at older professionals at the top of their game, perhaps they have children in private schools coupled with a big mortgage payment, they are handcuffed. Or, on the other hand, a newly minted PhD, who has a ton of flexibility, but worries they will find themselves locked by golden handcuffs separating them from what they truly value most.

Many times, with high earning individuals the look into complex financial lives may bring more risk. Our professionals will manage and mitigate exposure to any risks.

Free Yourself And Your Financial Future From Golden Handcuffs

Having peace of mind means more than an expression at Midwest Legacy Group. It’s Christopher Gandy’s daily mission along with his team. Your professional becomes a driving central resource for your financial life. They provide proactive and in-depth planning, coupled with seamless coordination across your existing professional relationships. This is integrated financial planning and it pays off sooner rather than later.

It’s time to imagine a new future for yourself and your finances. What does your ideal future look like? This should include what type of lifestyle you seek for you and your family. Now, what does that lifestyle look like in 5-years? Have you sold your house, retired, and bought an RV to live out of? Where are you headed and how can we help you get there? Try not to be too constrained by the limitations of the present.

We are proud to say that our company realizes the value of providing financial counseling for high-earning individuals and we hope your company does as well. Our services assist you and your loved ones in building sustainable wealth as we protect your assets and help you make smart financial decisions.

IMAGINE what your ideal retirement looks like and explore with us what is important to you.

EXAMINE your current financial situation and determine your retirement income needs.

RECEIVE a custom strategy to help you reach your unique retirement goals.

Our exclusive insights for investors like you when it comes to financial planning, our tailored approach, high-touch client service and more is what makes us different.

Listen you don’t have to break the handcuffs; you can slowly slip out of them though and that’s where we come in. Breaking, for many of you, suggests a total and immediate change and it should not happen like that. It needs to be an intentional process, perhaps even taking one off at a time until you are comfortable with both off full-time. Once you get to the point where they are removed–it will require changes in expectations, values, and financial needs. Is it time to readjust your investment and retirement portfolio? What about those expected and unexpected college expenses that your children may face? This is where planning and resetting financial and lifestyle expectations become critical.

Don’t Play Your Retirement By Ear!

If you find yourself wondering…

• How do I make sure my money will last?
• How can I cover all my expenses?
• Could my taxes increase?
• Will I have anything left to leave my loved ones?

…chances are your current retirement strategy is not in harmony with your goals.

“We build professional relationships based on uncompromising integrity, trust and personalized service.”

Christopher Gandy, Founder