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What can Stevie Nicks, legendary singer-songwriter and member of Fleetwood Mac, possibly teach you about retirement planning? As it turns out, her music offers plenty of financial wisdom on independence, communication, and preparing for life’s “landslides.”

In this episode of Money Wisdom, Jake Doser, CFP®, CPWA® and Nicholas J. Colantuono, CFP® explore key financial planning lessons through the lens of five timeless Fleetwood Mac songs.

Lesson #1: The Power of Financial Independence

Song: “Go Your Own Way”

As Stevie reflects on her own personal freedom, “Go Your Own Way” can also mirror the journey to forging your own financial path. In retirement planning, when you have the chance to gain more financial independence over your assets, you should take it.

For example, a 401(k) rollover to an IRA can give you greater flexibility and control. The same principle applies to tax planning. The more options you have, the more control you gain over timing, and that can lead to meaningful tax savings.

Lesson #2: Setting Financial Goals

Song: “Dreams”

A dreamlike song about reflection, clarity, and moving forward actually teaches us a powerful financial lesson. One of the most important steps before and during retirement is gaining clarity around your financial goals.

The long-term goals you and your advisor set help guide every decision moving forward. With a plan in place and the confidence that comes from financial stability, you can turn your “dreams” into reality.

Lesson #3: Preparing for Life’s Ups and Downs

Song: “Landslide”

No matter which artist you’ve heard perform this tearjerker, “Landslide” speaks to themes of uncertainty, growth, and inevitable change. These matters resonate deeply with many people transitioning into retirement. After decades of working and saving, shifting into the next phase of life can be full of unknowns.

Retirement is ultimately about navigating life’s changes — whether that’s a shift in the markets, politics, or even your family. That’s why it’s important to prioritize safety and stability.

Lesson #4: Building Strong Financial Connections

Song: “The Chain”

When a “chain” breaks, whether in a relationship or a Fleetwood Mac song, rebuilding takes time. But doing so can lead to something even stronger, and the same goes for your financial life.

Without trust and transparency between you and your financial advisor, there’s no solid foundation to build on. But when that connection is strong, your advisor can tailor a plan that aligns with your specific needs and goals.

Lesson #5: Letting Go of Financial Regret

Song: “Silver Springs”

Dwelling on lost chances makes for a powerful ballad, but it’s not a strategy to aspire to in financial planning. Your financial mistakes are in the past, and focusing on them can hold you back from making smarter decisions in the future. Instead, shift your attention to learning from your regrets and building a clear plan.

Are you wondering if you’re ready to retire? Get your free Are You Ready to Retire? Starter Kit by texting “KIT” to 800-757-0436.