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Created: March 29, 2019
Modified: December 14, 2022

Four Ways You’re Moving The Goalpost In Retirement

00:56 – Volatility Is Back On Wall Street.

2:54 – Just How Much Cash Do You Need?  

  • If you never feel like you have enough cash in the bank, you could be moving the goalpost in your retirement plan. Sure, you need to have an emergency fund, but too much cash in the bank is just as dangerous as a risk-filled portfolio. We want to keep some of your money liquid, but the rest of it needs to be working for you in the market. Make sure your wealth is keeping up with inflation.

5:18  – Get Serious About Saving. Stop Moving The Goalpost By Procrastinating.

  • As the old Nike saving goes, “Just Do It.” Stop procrastinating your saving. If you’ve been meaning to start saving more for retirement, do it. You can always stop in six months if your plan doesn’t seem to be working. Stop putting off your financial future.

6:57 – If You’re Procrastinating Your Need To Take The Risk Out Of Your Portfolio, You’re Moving The Goalpost.

  • If your portfolio is over-exposed to Wall Street, you need to remove some of the risk. While it might be tempting to continue riding the Wall Street roller coaster, it could be dangerous for you in retirement. Don’t be greedy. Adjust your risk exposure before it’s too late.

8:44 – Stop Moving The Goalpost And Pushing Back Your Retirement Date.

  • Maybe you’re afraid to retire. If so, it’s easy just to keep working out of fear. We want you to work because you enjoy it, not because you’re uncertain about your financial future.

Mailbag

  • 12:27 – Tim is a dentist. He owns a dental practice, and he owns his own office building as well. He’s planning to retire, and he wants to know whether he should sell his practice but keep the building.
  • 15:48 – Vicky says she’s most likely getting a divorce in the next couple of years. She’s retired, and her husband will be retiring soon. She wants to know how her assets and retirement will be affected by the divorce.
  • 19:04 – The airline Harvey flies for is eliminating his pension and offering him a buyout instead. He’s not being forced to retire, but he also won’t be increasing his pension by working longer. He wants to know whether he should go ahead and retire.

Information presented here is considered current as of the created date. Over time, some information presented may become stale. We recommend you consult with your Financial Professional before making any changes based on information contained here.

Johnson Brunetti is a marketing name for the businesses of JB Capital and JN Financial.
Investment Advisory Services offered through JB Capital, LLC. Insurance Products offered through JN Financial, LLC.
The guarantees provided by any type of insurance contract are based on the claims-paying ability of the insurance company.

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