I have mentioned in prior posts that the person looking forward to retirement and/or the person already in retirement needs a “Retirement Team.” (Retiree, attorney, CPA, and financial advisor) This team must possess good decision-making skills and work together to achieve the goals of retirement. This is an ongoing process in developing a retirement plan with the flexibility to make adjustments to assure the goals are met and the retiree will be able to remained retired.
The following are a few of the decision-making skills:
* Which best achieves the goals?
* Which benefits all people involved?
* Which aligns itself with the mission to be accomplished?
Retirement doesn’t just happen! If goals are not determined and formalized into a plan, it is very improbable to realize when and if they are achieved. There are no “cookie-cutter” plans to adopt to achieve the results you desire.
Put your team together and be able monitor the progress as you look forward to retiring and remaining retired. During this monitoring process you will be able to make the necessary adjustments due to changes in circumstances and the “ups and downs” of the economy.
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The Babylonians appointed Gedaliah the governor of Judah and put him in charge of the poor who had not been taken into exile. But the man failed to develop good decision-making skills. In fact, he made one disastrous decision because he neglected to process available information.
What could Gedaliah have done to better approach the decisions before him?
* Which benefits the whole of the people?
* Which aligns itself with the mission you are to accomplish?
Have a great day!