Which news do you want first? The bad news or the good news? Let’s go with the good news. The good
news is… We are living longer because of improved eating habits and better health care, all of which
afford us a better lifestyle and a long fruitful, happy, healthy life.
So what is the bad news? The bad news is… We have to pay for it! What does that mean?
Let’s talk about retirement for a bit. Retirement by definition is known as the act of ending your
working or professional career. Many of us sit behind our desks daydreaming about this time and what
we can achieve when it reaches. Not having to work, being able to do more of the things we love,
travelling the world, devoting more time to children and grandchildren, a blissful paradise where all the
stresses and time management of working life are no more. Sounds great right?
Very recently I attended a seminar and one line really hit home for me “Retirement is really the period in
time where we are required to live on one third of the income that we couldn’t afford to live on for our
entire lives” and remember the good news ….We are living longer! So that income needs to last.
We need to put things in place from now, the younger the better, because the onus of becoming
financially free when you retire is essentially on YOU! Right now you need to accumulate enough money
on your own to replace your income when that time comes. In order to do this we MUST have a plan.
Savings and investing can be tough without proper guidance and if you don’t have a proper financial
strategy to achieve the different goals that you have in life, your retirement lifestyle just may be in
jeopardy. It’s never too early to start planning, so if you feel your retirement is years away and you could
start planning later in life, think again. Life has a funny way of changing plans. Start from now and
maintain strict long-term discipline in saving and investing.
Similar to those wanting to achieve a certain body or physique, you will never get there sitting down and
watching the infomercials on TV, you need to get up and act, and by following a specific plan of diet and
exercise and with proper diligence and determination, eventually you would reach your goal. However,
you need to take that first step. How many of us say “I will start tomorrow”. Guess what! That tomorrow
becomes another tomorrow. Talk to your Investment Advisor today and come up with your individual
financial strategy. This is your money, this is your life, let us help you make it last!