In the past, boot camp meant only one thing: You were heading off to basic training for the military. In more recent times, it seems that everyone uses the word “boot camp.” You can go to boot camp for cooking classes, dog training, and of course, workouts.
One of the definitions of boot camp in the Merriam Webster dictionary summed it up perfectly: “a short but very difficult training program: a program or situation that helps people become much better at doing something in a short period of time.” Basically, if you’re determined to take action because you recognize a need for a drastic change, some form of a boot camp is something that you might consider.
I started thinking about all of the people that have concerns about their retirement, but don’t know where to turn. There may be one-off events here or there claiming to be retirement boot camps, but retirement is a deeply personal situation. It’s a little different than a weight loss boot camp where two people may want to both lose 10 pounds. The outcome of your retirement depends on many factors that are unique to your situation. So what can you do?
If you’ve decided that you have more questions than answers about your retirement and feel uncertain about whether you have enough money to last, it’s time to take action. Start by picking up the phone and scheduling a meeting with a financial professional. A qualified financial professional can help fill in the blanks by analyzing your personal financial situation. They should also be able to run your current retirement plan and portfolio through a market related stress test to see how it responds. Most financial professionals offer a complimentary meeting to discuss things just like this. It’s your opportunity to get some questions answered and see how comfortable you feel working with them. It’s a no-brainer.
Having a solid financial plan you can rely on is critical for retirement. It can help give you the confidence to enjoy the things that are most important to you. So if you’re ready to take action and put your financial plan through a personalized boot camp, pick up the phone today and schedule a complimentary meeting with a qualified financial professional.