Almost everything we do has some type of a process or warm-up routine. From playing golf to driving a car, every activity has certain steps that should be taken before you begin.
Take for example a pilot performing their pre-flight routine and inspections. They walk around the entire plane looking for any visual problems on the body, wings, landing equipment, tail and nose to make sure it looks proper. Next, they do a pre-flight check of all systems inside the cockpit as they enter their route information. For the pilot, this is part of their routine but they must be actively engaged in the preparation process or the outcome could be tragic.
The same holds true for someone like a heart surgeon who may perform hundreds of surgeries over their career. They adhere to a very regimented preparation process because the outcome of their actions is literally a matter of life and death. It would probably be safe to conclude that the more important the event is, the more important it is to have a thorough preparation process.
That’s why it’s hard to believe that so many people arrive at retirement without the type of preparation an event of this magnitude deserves. All of the activities mentioned above only last for a matter of hours, whereas your retirement could last for decades. It’s ironic that some people will dedicate time to researching the latest golf equipment in hopes of improving their game, but haven’t taken the time to have their portfolio rebalanced or risk assessment updated.
Risk tolerance is an extremely important part to your retirement investment strategy. For more information, click HERE and be sure to request your appointment online.
Planning for retirement is as much about what you want to do as it is about your financial independence and security. Achieving the outcome you desire in retirement takes a commitment to the process of getting properly prepared. If you aren’t sure the preparation process you went through for retirement was adequate, maybe it’s time we meet. During our complimentary, no obligation financial review we’ll take the time to understand your retirement goals and discuss how we can design a plan that helps you achieve them.
Remember; don’t show up cold for retirement, make sure your warm-up routine gets you ready for the road ahead.