This week I will explore Roadblock Number 7 according to Larry Barrett’s article in the Financial Planning Magazine entitled the 7 Roadblocks to Early Retirement.
Roadblock #7 – Going It Alone
An all too common retirement planning mistake is going it alone. This usually results in missed investment opportunities, sloppy planning, and lax savings schedules. Enlisting the help of a financial planner is a smart move at any age to avoid retirement planning pitfalls. A financial planner will be able to take a look at the “big picture.” He or she will be able to develop a retirement savings plan unique to your current expenses and lifestyle, and most importantly, instill the necessary discipline and rigor needed to build a solid retirement nest egg.
So don’t become a statistic and not plan for your retirement future. The statistics are true in just one statement, “Most people don’t plan to fail, they just fail to plan” and 95% of all retirees need assistance from family or others to make it through their retirement years. So get the education you need, use all of the resources on the internet and get a trusted financial planner that will help you plan for a successful retirement.
Thank you for joining me this week for your Retirement Minute.
Interested in more strategies that will help you with early retirement? Contact Retirement Specialist John Bearss by email: lifetime@donet.com
John Bearss, Retirement Specialist
John R. Bearss is a Retirement Specialist. He has been successfully helping clients nearing retirement generate lifetime income streams for 25 years. He can be reached directly by email at lifetime@donet.com
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