Must Do Steps to Successfully Retire

The Time is NOW

If you’re within 5 years of retirement, there are a handful of easy “thought exercises” you must do that can make or break your retirement plans.

The problem is, many people put them off, thinking, “I’ll get to that later … it doesn’t matter right now.”

Years later, they finally make the time to address them because they have no choice. By then, it’s often too late.

Don’t fall into that trap.

The 5 Years Before Retirement are So Important!

Remember when you were a kid and you could fall off your bike, bump your knee, and hop right back on like nothing happened?

Then we aged, and the same little knee bump seems to take forever to get better! Our recovery time simply isn’t what it used to be, and the discomfort gets in the way of our daily life.

Think about it in relation to your investment and retirement accounts. Imagine that knee bump being a dip in the market, volatility, a downturn, or — worse yet — a market crash.

As we progress through life, it gets harder (speaking about investments now) and takes longer to recover from those bumps and bruises.

The Fragile Decade

For those of us nearing retirement (or already in retirement), it’s time that we literally can’t afford because of the short time horizon before we’ll need the money we have invested.

The five years before and after retirement are the most critical (some call it “the fragile decade”) because markets can exert a profound effect on your ability to retire when you want and live the way you want.

This is especially important to focus on now. The market did great in the years following the 2008 financial crisis, but volatility is back. And we don’t know what comes next.

What we do know is that the new SECURE Act (effective Jan. 1, 2020) was the largest overhaul of retirement planning rules since 2006 and may impact your existing plan.

The good news: proactive planning can help you avoid worrying about markets so much!

Don’t Put This Off Any Longer!

The decisions you make now will define your retirement lifestyle and your ability to retire successfully.

Yes. This is the harsh (but true) reality when you’re within that fragile period before or after retirement.

You could…

Do nothing. Put it off “just one more week,” or wait until you really need to do it (unfortunately it could be too late).

Sound familiar? We put things off that don’t feel important now … always waiting to the end of the wire.

Unfortunately, we simply can’t afford to do that with our retirement.

Every decision we make (or don’t make) now has a bigger and bigger ripple effect as our retirement gets closer.

I’ve witnessed this level of regret time and time again. People wishing they took action sooner because in hindsight it was actually quite easy, fast, and painless!

3 Pillars to a Successful Retirement Plan

I’ve found there are 3 essential pillars of a successful retirement plan. The sooner you address these 3 pillars, the better prepared you’ll be for a successful retirement.

I’m sure you’re wondering what these 3 pillars are, and if your retirement plan includes them.

To help you answer that question, I put together this quick checklist and guide that I highly recommend you read.

We have recently updated this resource to help you understand how the recent SECURE Act (effective Jan. 1, 2020) may impact your current retirement plan.

What’s Inside the Resource?

Here’s a taste of what’s inside:

  • Learn the 24 critical questions you need to ask yourself
  • Uncover commonly overlooked “blind spots” from your current retirement plan
  • Discover the steps you need to take during the years leading up to your work-free life!

You can download your copy for free by clicking below.

The 3 Pillars of Successful Retirement Plans: A Simple Checklist to Kick-Start Your New Work-Free Life

Garrett German offers products and services using the following business names: Harvest Wealth Group – insurance and financial services | Ameritas Investment Company, LLC (AIC), Member FINRA/SIPC – securities and investments | Ameritas Advisory Services (AAS) – investment advisory services. AIC and AAS are not affiliated with Harvest Wealth Group.

Representatives do not provide tax or legal advice. Please consult with your tax advisor or attorney regarding your situation. Trades cannot be communicated to your Representative by e-mail, fax, or regular mail as the transaction may not be executed on a timely basis. Please contact your Representative by telephone to request trades and do not use e-mail to send confidential information or time-sensitive instructions. Performance quoted does not guarantee future results. Please refer to your regular periodic statement for complete information.