You might be thinking that is time for you to retire. So my question to you would be, “Retire to what?”
Retirement is supposed to be a joyful time of your life. For some, this is true. At the same time there are too many people who retire or sell their business and wish they never had. I don’t want you to be one of them.
How are you going to fill your time?
life after work
Transitions can be painful. Unlike change, transitions take a fair amount of time to complete. Because they take lots of time, we often get impatient and we don’t understand how they affect our decision-making ability and keep us from getting outcomes that we really want.
Here are some solutions to what I call the transition dilemma.
Is your transition voluntary or out of your control?
This is a question I want you to ask yourself. Too often we spend money and we don’t pay attention to the future.
The best way to find this out is to create a financial plan that shows your spending patterns, your saving patterns and your investment returns.
Read on to find out how this might affect you.
I’ve written way too much about my dislike for what is considered the goal setting process. Now before you light your hair on fire I want you to consider this……How happy have you been when you’ve hit a goal?
On the other hand, how happy have you been when you’ve noticed your trip?
Recently I read a piece by one of my favorite thinkers, James Altucher. In his post James talked about how he prefers themes in his life to goals. I agree and here are some reasons why:
Themes allow you to think in a broader manner about what you want out of life.
I’m going to bet that you’ve said the above statement at least a zillion times. I’m also going to bet that all of the times you said it, your employees, advisors and suppliers still tell you what you want to hear.
They’re just too scared to tell you what you need to hear. Even if you think this isn’t true, you would be wrong…..no one tells you the truth.
Understand why people don’t tell you the truth.
telling the truth,
Those who know me understand the past seven years have not been easy from a health perspective. In 2008 I was diagnosed with a very nasty and dangerous from of cancer.
I went through a significant amount of chemotherapy, a stem cell transplant and targeted therapies. During all of my treatment the management of my health care fell to my wife Suzanne and I. Luckily we had done good research and received good advice along the way.
Here are some of the things I learned over the past seven years that might help you if you find yourself in a similar place:
You must be your own advocate.
Here’s a secret that you probably already know. Your spouse is a very important part of any investment decision you’re about to make. This is something you want to recognize and it’s something you want to share with anybody who is helping you with your financial planning or investment management.
If you’re interested in learning more about why you need to pay attention to this read on.
Your spouse might understand your financial situation better than you.
spouse involvement in decisions
Today I want to talk with you about getting ready for retirement. I’m going to bet that most of you are still working and haven’t retired. Even if you’ve already retired this post will be valuable for you.
Since 1999 there’s been a problem that we’ve all had to deal with. And that problem is the volatility that we see in the stock market. Many of us are scared to have our money in the equity market. That’s too bad, because history has shown that having a reasonable allocation in stocks helps us live through retirement more comfortably.
The new, new.