Greetings! I trust that this will find you well and enjoying life.
Last week we looked at the effect media bombardment has on our emotions and quite possibly our decision making regarding our finances. We’re getting a big dose of information that’s tough to digest thus far this year. Consider all of the information and misinformation about the war in Ukraine, inflation and the Federal Reserve and the impact on our economy and global economy. It’s not a stretch of the imagination to want to feel like various media outlets are at war with each other. It’s easy to just want to disregard the news entirely.
I’m not saying that we should bury our heads in the sand and disregard what’s going on. We need to be well informed to make sound decisions. However, so very much of the information we are bombarded with ultimately has no bearing on us if we do appropriate financial planning based on information and strategies which apply to where we are in life. In other words, a particular era’s in life that we transition to overtime based on age, circumstances and goals. In my opinion, the six eras are Early Career, Mid-Career, Pre-Retirement, Retirement and Late Retirement / Transference. Every era has its own considerations, disciplines and strategies and we move from one to the other, however, the transition may well be gray and not black or white. The point I’m making is if your financial plan is appropriately structured based on where you are in life, whatever the media is bombarding you with day after day shouldn’t affect how you feel about your finances.
I’d love to discuss where you are in life and planning for your era. If you have questions about your retirement plan or feel I can be of service in any way don’t hesitate to call.
Jeff Christian CFP, CRPC
Four short words sum up what has lifted most successful individuals above the crowd; a little bit more. They did all that was expected of them and a little bit more.
A. Lou Vickery