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Reduce Stress, Accentuate Success

“In the big picture of life, saving for retirement is a relatively new concept. It isn’t a tradition that has been passed down through generations. Socking money away for 30 years of unemployment (called retirement) just isn’t built into our saving DNA. If you are trying to figure it out, you are not alone.

There is a popular notion that Americans are not good at saving, especially for retirement; that they just want to live in the moment and spend money on what makes them happy today. 

That may be true for some, but not for you. You know that finding a harmony between how much you save for the future and how you spend your money today is in your own hands.” - The Coffeehouse Investor’s Ground Rules – Save, Invest, and Plan for a Life of Wealth and Happiness

A recent report reveals that 90% of Americans feel stressed about money.  

Somehow, that doesn’t surprise me. Most of us are just trying to make it through the day, the week, the year, earning a living and paying bills. On top of that we are challenged with saving enough money – and investing it wisely - to be financially independent in retirement.

Straight from the Coffeehouse Investor – three steps to get you on track to reducing your stress and accentuating your success. . .

  1. Create a financial plan. Creating an awareness of your savings target (while working) and spending target (when retired) is an essential first step to reducing stress.  
  2. Automate your saving or spending. Most of us accomplish savings through payroll deductions to our workplace retirement plan. If you are retired, automate your spending amount through regular deposits to your spending account.
  3. Monitor your portfolio four times a year, not four times a day. Watching your portfolio balance go up and down in bull and bear markets can be emotionally debilitating. Build a Coffeehouse Investor portfolio and get on with your life.

Do you know how long your retirement nest egg will last? Do you have a withdrawal plan to get you through the end of life? Let's strategize and build a financial plan that creates clarity and peace of mind for you.