Aug 3, 2018
Learn whether or not you are on
the right retirement track and how to avoid making mistakes as you
enter the financial red zone. The economy has picked up for some.
Interests rates are starting to go up which will reward savers.
Bonds and bond funds will go down when interest rates go up.
Main Questions Asked:
Is my investment strategy able
to mitigate risk in a market downturn?
What do I need to pay attention
to as I near retirement and enter retirement?
Do I have too much exposure to
Key Lessons Learned:
The Financial Red Zone
people need to pay attention in this stage of life? Because time is
different. Save 10%-15% while working to live like no one
- Within 10 years of retirement, you want to
transition to preservation mode. There have been times when it has
taken 12-14 years to recover from a downturn.
some of your assets set up so you can tap into it for income. There
needs to be strategies and changes when you enter the financial red
Common Red Zone Financial Mistakes
- Taking too much risk. There is no reason to
take unnecessary risk. You can have a balanced portfolio and have
some of your money safe.
having a plan. You need a financial plan. You need an advisor that
talks about a financial plan, not just investments. If you don’t
have a financial plan, you could be in trouble.
The Fun and Easy Part of the Financial Red
reward for all your hard work is here. You deserve a quality
retirement. You probably have a retirement age in mind. You have
anticipation of your retirement.
also have predictable retirement income streams. Social security
are more likely to be out of debt and have a paid off
also have a clearer picture of what you want to do with your life.
Write out your dream retirement if money were no
- Emergency fund? Three to six months expenses.
Start small when saving for your emergency fund. Set up automatic
money should be safe such as in the bank or a money market
emergency is a medical emergency or something with your home or
vehicle. Once tapped into, focus on building it back
money after retirement? Who is the client? Usually it’s the company
you work for. Take the money out and roll it over to an IRA. Work
with a fiduciary who is legally required to invest in what is your
brand new and fresh after a divorce. Start with a brand new
financial plan, and make sure you have your emergency fund and are
invested for your retirement. You need a protection and investment
Links To Resources Mentioned
Money Map Retirement
Thank you for