Year after year, you plan your family’s summer vacation. Maybe you have a cabin on a lake or you take a trip to the Pacific or Atlantic coast. Maybe you do something different each year. No matter what you do from one year to the next, it’s always a maximum vacation of two weeks, more or less. You dream of the time when you can spend a month or more in one of your favorite destinations. But, that takes some conscientious planning.
That’s how I think of retirement planning. I approach it as if I am helping clients plan their retirement years for maximum enjoyment. I think of it as if I am helping them plan the ultimate and endless summer vacation!
Think of the enjoyment you could have if you were to think the same way. When you do, you’ll consider the types of activities you’ll want to plan for in your retirement years, and that will affect what goes into your portfolio. And, remember, the more fun things you want to do, the more money it usually requires.
Your dreams may seem impossible in the early planning stages, however when you are diligent and keep your dreams in mind year after year, chances are you’ll be in the perfect position to live the dream without fretting. Retirement planning is the activity of working toward making your money work for you after so many years of working for your money.
Whether you want to spend your retirement years sailing around the world, hopping from one grandchild to the next, exploring exotic cuisines around the world or simply sitting on the front porch swing, when you plan well, with specific goals in mind, you can do pretty much whatever you like during your retirement years. In fact, everyday just might feel as luxurious as those long, delicious summer days. So, don’t procrastinate, start saving and planning for your retirement dream vacation today!
This content is provided for informational and educational purposes only. The information, analysis and opinions expressed herein reflect our judgment as of the date of writing and are subject to change at any time without notice. They are not intended to constitute legal, tax, securities or investment advice or a recommended course of action in any given situation. All investments carry a certain risk and there is no assurance that an investment will provide positive performance over any period of time. Information obtained from third party resources is believed to be reliable but not guaranteed. Past performance is not indicative of future results.