There are lots of terms for it in the industry. Whatever you call it, there comes a time when the job stops, but the paycheck has to continue. For some, this is a very frightening time.
Fear on a large scale – Fears spread by the media lead some to be concerned about the viability of the markets themselves as all the Baby Boomers reach retirement age. As most fears do, this one comes from a lack of understanding.
Fear on a more personal scale – Understandably, most retirees have fears about the details of withdrawing income when the time comes. Again, with the belief that most fears come from a lack of understanding, let’s alleviate some of those fears.
The key to avoiding fear as you prepare to withdraw income is really to have a better understanding. Take the time, wherever you are in life, to sit down with a financial advisor and begin to prepare for life without a job, but life that still has a paycheck. Whether you are just starting at your first job or getting ready to leave your last one, it’s time to plan for your retirement. It’s time to Get Ready for the Future. Come in and check out The GenWealth Ready to Retire Process and get your personalized plan – on paper, on purpose.
The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual.