Do you think 2021 will be worse than 2020?”
I thought about all the things that happened.
Everybody was probably happy to put 2020 in the rearview mirror. It was a wild ride.
Then I thought about all the amazing blessings during the year, as well.
More than I could count.
Even with all the turmoil. Sometimes it takes a bit of focus to see so much good in all the bad.
Could this year be worse than last? Possibly…
Have you asked the opposite question: “Could you receive even more blessings this year than last?”
Sometimes it’s about changing up the question.
As it relates to growing and protecting your wealth you could ask this question:
Is creating income you can count on in your non-working years as important as just trying to grow the largest nest egg?
If you say, “Yes.”…then you would go about building things out a little differently.
You could call me a little obtuse when it comes to caring about retirement. I’m all about cash flow. If you can’t crack open the nest egg without it shattering what’s the point?
I simply don’t want to run out of money…have to move in with my kids…nor go back to work.
I like to “begin with the end in mind” like Stephen Covey wrote. I want to have a guaranteed income that allows me to pay my living expenses each month…
For the rest of my life.
And you are never too young to start this process. The earlier you set these structures up the easier it is.
It’s a situation where based on the math, you could have a lower chance of running out of money by locking in a portion of your retirement assets.
Here is a great book on the subject, if you want to do more research:
1. “Pensionize Your Nest-egg” by Moshe A. Milevsky, PhD.
If you want to know something about it…
When you are ready…click here schedule a time to chat for 15 minutes to see if it is fit for you.
Cash flow is more important than just a Nest Egg…especially in retirement!
Remember — It’s Your Time…