Former investment manager and business owner turned financial education guru, Paul Merriman retired from his wealth management company, Merriman LLC, last year. He was not content to just stay at home and play golf, however.
A self-proclaimed workaholic, Merriman is releasing his seventh investment book in a few weeks. He spent the past year filming a PBS special called "Financial Fitness After 50;" he has a weekly investment podcast and is about to start releasing educational financial YouTube videos.
Merriman’s internal company motto is, “we’re committed to passionately empowering people, outside the business, investors, clients or do-it-yourselfers. We tried to help both and do the right thing for the people who work for us,” he said. “It has been a joy, both in building a company dedicated to its people and dedicated to the people who we’re serving.”
He admits that he really enjoys working with the folks who have less money to invest because they need more help in figuring out the best options for their money. That’s why he decided to spend his retirement focused on educating the investors that need his help the most.
“The people I worry the most about are the ones near or in retirement because there are so many decisions they don’t even know they should be considering in planning for that major transition,” he said.
Many find themselves taking care of adult children and grandchildren later in life or overwhelmed by health care costs. If these people can address these issues 10 to 15 years before they retire, the “likelihood of having a successful retirement, financially and emotionally, is much better,” Merriman said. Financial advisors can help individuals work through those major forks in the road.