Retirement strategy: Thinking like a quarterback
Even if you’re working with a skilled financial advisor on your retirement, the final decisions rest with you. That is why thinking like a quarterback when making your final decisions is a wise practice.
For example, take a bend but don’t break mentality. Expect some losses but don’t accept them all. During volatile markets, investors oftentimes take flight. In long-term investing, this is the worst thing a retiree can do for themselves and the economy.
Just like a quarterback over the course of a football game, you may suffer a turnover or a financial setback, but your success is determined by how you respond.
The most apt comparison to football might be that you need a solid defense to have a secure retirement portfolio. You must implement safeguards to help you grow and keep your money.
There are a number of tools available to help[s] create a sustainable base for income through retirement that help shield retirees from this risk — think of them like the offensive linemen on a football team, they don’t get much glory, but no football team could survive without them!
For more on this strategy, check out the article below that was originally published on Goldstone Financial Group’s website.
Apt comparisons can be made between athletics and finance - even in terms of retirement strategies. Though retirees…goldstonefinancialgroup.net
…or check out our YouTube channel where we ask in this video if your retirement plan looks at the “whole picture.”