“Never test the depth of a river with both feet.” – Warren Buffett
Retire now, but with training wheels.
Did you instantly know how to ride a bike the very first time? I did not. I had training wheels and took them off myself only after I felt I “got the hang of it.”
What does this have to do with retirement?
Many people feel they are “stuck” and have to retire fully to live the life they want. Like a bike with training wheels, you can test retirement.
Here is how…
- Work part time instead of full time.
- Work remotely in a location where you would prefer to live.
- Change your work to something less stressful. The idea could be to retire into doing work you love.
- Outsource the parts of your work you dislike
- Take vacation days to “pretend” to be retired. Maybe rent an RV instead of purchasing one.
- Stay in an AirBnB in a city you are considering moving to. Here is a Retirement Relocation Checklist.
Here’s an unrelated tip to northerners enjoying their first spring in the South … do NOT leave windows and doors open for fresh air. Why? In the South we have a period of time called “pollening” when huge pollen clouds leave a dusty yellow glaze on everything. Wait until we have a few good rains that wash the yellow away.
Reading: One of my favorite blogs is Farnam Street. It is a curated topic that “Help you master the best of what other people have figured out.”
A great one from my hero Charlie Munger, The Munger Operating System: A Life That Works
Feel free to email me at Jeremy@Riverbendwm.com or click here to set up a phone appointment.
On the lighter side, Elliott and the Myrtle Beach High School Seahawks won the pre-season tennis tournament in Florence, SC. This is the second largest tournament won by Myrtle Beach High School It is surpassed only by the State Championship won in 2019. Elliott played #2 Singles and #1 doubles. They clinched the win with the #1 doubles win after being tied 3 to 3 in matches.
I am heading to Dallas for a business planning mastermind meeting. Then I head to Page, AZ to hike 34 miles in Antelope Canyon on Saturday.
Hope all is well with you and your family,
Finger Financial Five – 5 points in 5 minutes or less – is intended to provide you with a weekly shot of useful financial information. My intention is to share principles, so you will have more clarity and peace and make better financial decisions.
Investment advice offered through Stratos Wealth Advisors, LLC, a registered investment advisor; DBA Riverbend Wealth Management.
This content is developed from sources believed to be providing accurate information and provided by Riverbend Wealth Management. The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. Stratos Wealth Partners and its affiliates do not provide tax, legal or accounting advice. This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors before engaging in any transaction.