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Retirement May Not Be Optional…It May Be A Necessity – Finger Financial Five #24

FFF#24

“Pursue your dreams but have a backup plan.” – Kane

When my dad and I would fish, we used primarily an electric motor.  We always had paddles as a backup, in case of trouble with the battery or motor.  

Do you have a backup plan for your work??  For many people early retirement was not a choice but a necessity.  About a 1/3 of people who retired early, cited health problems or company related issues.  

See below:

Don’t go up the river without a paddle.  

We never really know what can happen in our lives.  Many things are out of our control.  You don’t ever know when and if the battery or motor will break.  You CAN prepare.  You can have a paddle.  You can have a life jacket.  You can have a back up plan.  

When we do full planning for clients, we do just that…prepare.  We move the retirement dates earlier or later, move longevity earlier and later, income needs up and down, move tax rates up and down, market returns up and down, to see what will happen. 

Hopefully, you have smooth sailing, and everything goes according to plan.   If not, we hope you have a proper back up plan.  

Let us know if you have any questions.  Happy to give you an idea of what some of your backup options are.  Click here to setup a time to talk. 

On the lighter side, my nephew, Rivers, is 4 years old.  My sister would hear him tell other kids he loves them.  He would tell the person at Chic-Fila drive through, he loves them.  My sister asked, “why do you tell everyone you love them?” Rivers quickly responded, “because I love everyone, mommy!”  Wouldn’t the world be a little better place if we had more people like Rivers?

Hope all is well with you and your family,

Jeremy 

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.

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