Today’s Prep:
Procrastination is dangerous as it pertains to your retirement. Don’t let these lines of thought keep you from planning your financial future.
Equipping Points:
1:21 – Retirement Procrastination: You’re Not Your Grandparents.
- It’s easy to compare your retirement to your parents’ or grandparents’, but your situation will be different. Your grandparents probably worked for a company that provided a pension to its employees. Perhaps they provided healthcare and legal benefits as well. Your grandparents could count on that pension for consistent monthly income. Anymore, that’s not the case. Many pensions have gone the way of the Dodo, and healthcare is becoming increasingly expensive. While your grandparents might have put their financial future on auto pilot, you’ll more than likely have to take control and develop other income streams in retirement.
3:46 – Retirement Procrastination: Don’t Let The Financial Noise Cause You To Freeze.
- There’s a lot of financial noise out there. It seems every news outlet and talking head has an opinion on the stock market. If you’re not careful, you’ll get caught up in the conflicting opinions and fail to take any financial action at all. Fear is a powerful roadblock that keeps you from taking steps toward financial security. It’s crucial you tune out the financial noise. Instead, look for a fiduciary who will be obligated to work in your best interest. Find someone who is an independent advisor and isn’t beholden to certain products and planning strategies. Finally, look up your advisor’s credentials, and see whether they’re qualified to give you advice.
7:39 – Retirement Procrastination: But Numbers Freak Me Out.
- You don’t have to be a numbers person to have a sound retirement. Furthermore, you don’t have to know everything there is to know about financial planning to develop a sound financial plan. Haven’t you ever heard the phrase “Do what you do best, and hire the rest?” Rather than operate outside your expertise, find a professional you trust to help you with the numbers. Work with an advisor who will take away the stress of financial planning and explain your finances in an easily digestible manner.
Today’s Takeaway:
“The time to plan for retirement is today. Stop procrastinating your financial future, and work with a professional you trust to get a sound financial plan in place. – Retirement Ready“
Subscribe To The Podcast:
Apple Podcasts - Google Podcasts - Spotify - Stitcher - iHeartRadio - TuneIn
Check out some other recent episodes
Do You Have These Blind Spots In Your Retirement Plan?
Many people can have a couple of “blind spots” so to speak when it comes to their retirement plans. Do you worry you may not be accounting for everything you might need for your retirement? Then today’s episode is perfect for you!
Read MoreInside Out: How We Can Look at Finances Through the Characters of Pixar’s Latest Flick
There can be a lot of emotions when it comes to investing and planning for retirement. And what better way to discuss those emotions than through the characters of Pixar’s latest film, Inside Out 2?
Read MoreThe Importance of Preventative Care
Preventative care isn’t just for your health; it’s essential for your financial well-being too. By consulting a financial advisor early and often, you can avoid financial distress and make informed decisions that lead to a secure and fulfilling retirement. Many people will put it off for fear they will be told something they don’t want to hear or because of the perceived costs of financial advisors.
Read MoreRetirement Income
When planning for retirement, one of the most critical aspects to consider is your income. But what does this mean, and how can you ensure you have enough income to cover your needs and desires?
Read MoreFinancial Wisdom from Mark Twain
In the latest episode of the Retirement Ready Podcast, Eric invites us to explore the timeless wisdom of Mark Twain and how it applies to modern financial planning. Mark Twain, known for his wit and keen observations, offers quotes that are surprisingly relevant to today’s financial landscape. Eric takes these quotes and translates them into practical advice for those planning their retirement.
Read MoreUnderstanding Bonds in Today’s Market
Are bonds really the safe investment we’ve always been told they are? What percentage of assets should a retiree or pre-retiree hold in bonds? In today’s episode, Eric addresses some of his most frequently asked questions about the world of bonds…
Read MoreUnderstanding Your Financial Statements
Financial statements can often feel like a foreign language, filled with jargon and numbers that seem to have little relevance to your everyday life. However, understanding these documents is crucial for effective retirement planning. In the latest episode of the Retirement Ready Podcast, Eric breaks down the essentials of reading and interpreting your financial statements.
Read MoreFrom Graduation to Retirement
This one goes to the grads! Whether you know someone graduating high school, college, or even preschool, graduation marks a new stage and season in life. Similarly, retirement is a new chapter in life. It’s a time of change, celebration, and sometimes, uncertainty. On today’s show, we talk through the similarities between leaving school and entering retirement.
Read More