Put Me In Coach, I’m Ready To Play

When I was 9 years old, I needed a bigger mitt in preparation for joining the local little league baseball team.

I knew exactly how much it cost and exactly how many extra hours I needed to work on that farm of ours to buy the mitt. I had a plan, and I purchased that mitt.

Do you have the same clarity with your financial goals as you approach retirement?

Are you (and your portfolio) on track to sustain your lifestyle for the next thirty years of unemployment when you finally retire?    

In other words, do you have a financial plan? According to the American Psychological Association, money and financial worries are the leading cause of stress in the United States.

Higher Net Worth

Earlier this year I referenced a study by Charles Schwab Inc. and carried out by Strategic Insights that showed investors who have created a financial plan have 2.7x higher net worth on average at retirement.

What does your financial plan do for you?

1. Confirms you are on track to retire with confidence.
2. Nudges you to make small adjustments to your plan now that can have a significant impact later in life.
3. Allows you to address the two big unknowns in retirement; unexpected healthcare costs and sequence of returns risk.
4. Offers peace of mind that you can live your rich life in retirement without running out of money.

Where to start? 

Check out these retirement resources offered by leading financial institutions.

1. https://investor.vanguard.com/investor-resources-education/retirement
2. https://www.schwab.com/learn/story/investing-basics-planning-retirement
3. https://www.fidelity.com/retirement-planning/plan-to-generate-income

Take charge of your retirement decisions. Get ready to play.  

Looking for Guidance?

For the past 25 years, I've been building financial plans for clients to help them reach retirement goals. If you have $1 million or more of investible assets and are in or close to retirement, let's connect and start building your financial plan.