Two emotions usually follow a great achievement or growth in your retirement funds: first, a sigh of relief and celebration; and second, a sense of…not what?
Have you been there? How did you handle it? How we handle this tells us a lot about our character: The period following a success can become a dangerous time. Sometimes we feel tempted toward complacency, especially if we lack another goal. We can become satisfied and let down our guard. Momentum leaks.
The moment of success is a crucial time for retirement investor and the financial advisor they depend on. Each must be able to change…or face a transitional problem. The transitional problem occurs when each one does not know how adapt to changing with the times.
Proper retirement planning requires the character and ability to adapt to the changing times. The investor and advisor, to be successful, must not be tempted toward being complacent and discontinuing to set new goals to achieve the best results to make certain that reaching retirement and being able to remain retired can be attained.
Two Types of Requirement by Retiree and Advisor
1. Catalyst: Gets it going 1. Consolidator: Keeps it going
2. Designer: Thinks it up 2. Developer: Follows it up
3. Motivator: Encourages 3. Manager: Organizes
4. Entrepreneur: Relies on self 4. Executive: Relies on others
Successful retirement planning requires a partnership between the future or present retiree and the advisor. The initial goal of retiring should always be accompanied by recognizing the needs for remaining retired.
Please visit my website and complete the contact information and I will answer your questions and/or assist you in developing a plan that will suit your needs. Many people only think about before tax (qualified) funds to reach their retirement goal. A better retirement plan will also include after-tax (unqualified) funds. By using both types of funds your retirement will have the flexibility and liquidity to meet the unforeseen needs that may arise.