Jun 29, 2020
Retirement planning is much like football. The closer you get to the endzone, the more important the strategy becomes. Let’s take a look at these crucial planning years and talk about what you need to be doing to avoid a critical turnover.
Show Notes, Contact & Resources:
0:36 – Cornerstone got out and had a company party.
1:36 – What is the financial red zone and why is it important?
3:39 – What are some of the common mistakes that people make?
7:08 – Asset-based long-term care
7:58 – Another mistake: taking too much risk close to retirement.
9:23 – Client example of taking on too much risk.
11:50 – You shouldn’t be making audibles to your plan in the red zone.
13:03 – We see people that haven’t planned at all and they’re on the doorstep to retirement. It’s a challenge.
15:39 – Why is retirement planning easier for people that have started planning before the red zone?
16:55 – What you should be thinking about in the red zone.