Nursing Your Retirement – The Journey of a Lifetime
There are so many important aspects of one’s life to give great consideration to.
There are things that we hope we always remember to take care of and never forget about.
The most obvious of these is, of course, one’s family and close friends.
Another important aspect is one’s own health and health of those that they care about most.
For some, another very important aspect may be one’s belief in a religion or faith.
While all of these are at the very top of the hierarchy of importance, there is one other area that probably takes the cake for next in line, in my opinion, and that is saving for your retirement!
You see, many of the other areas that I’ve touched on, including that of family and friends, health, and religion or faith, are areas that are not easily forgotten.
They are at the forefront of one’s mind because they are always typically being revisited, per se, and as often as daily or weekly.
I’ve never once heard a client that was soon-to-be retiring or that had already retired say, “I wish I would’ve started later and saved less.”
But what about areas of great concern that may not be at the top of one’s agenda; a topic that needs a little bit more nudging and that may be more complex than the average person – or in this case – investor, comfortably grasps?
You see, we as humans, tend to excel at things we understand and neglect things that are more difficult to quantify based on a value that we subconsciously place on them.
In the many years I’ve been in this field, I’ve never once heard a client that was soon-to-be retiring or that had already retired say, “I wish I would’ve started later and saved less.”
On the contrary, I always hear a pre-retiree or retiree say “I wish I would’ve started earlier and saved more.”
In many cases, the current and prudent financial version of oneself ends up hating their former frivolous self in retirement.
And though “hindsight is 20/20,” as they say, you don’t have to allow the aforementioned scenario to affect your financial freedom in what are supposed to be the most carefree years of your life.
So, how do you take proper precaution to be sure that you will not get caught hating your former self?
Well, the first step is to evaluate your current financial situation, which is probably best handled by allowing a professional to assist you in doing so.
If you’re like most nurses, you’re probably very diligent in nursing patients of yours back to health.
Now it’s time to ensure that your retirement is nursed along its proverbial journey to be where it should so that you can feel as confident in your ability to retire comfortably, just as your patients are in the confidence you provide to them while being sure they are cared for properly.
Once you’ve gone through a financial check-up with an advisor who is well-versed in the retirement arena, you’ll be able to better determine a course of action that’ll allow you to touch on topics such as cash flow and expenses, portfolio and tax diversification, your time horizon until retirement, and your tolerance of risk.
With a little bit of discipline and lots of consistency, you’ll be well on your way to having a healthy and happy retirement so that you can be carefree – and stress free – during the greatest period of your life!
Written By Jason Frederico, CreativeNurse Team Member In Las Vegas
2016-33327 Exp. 10/17