Independence and Your Retirement — Redundant Or Oxymoronic?

Short and sweet this last day of a three day weekend. If you’re 45+, or as one of my clients used to cackle, 45+++, time is of the essence. That’s a soft and comfortable way to say time ain’t yer friend, Kemo Sabe. You ain’t the Lone Ranger either.

Countless Americans are hearing their retirement clock tickin’ away, and every year it gets louder. For a whole buncha people it hit jet engine loud a few years ago when their 401Ks/IRAs got kneecapped by Wall Street. Losing 30-50% of your hard earned retirement fund is not an easy pill to swallow. I know cuz I talk to these people nearly every day.

Wanna know what they want? Nothin’ fancy, that’s what. They want a safe and reliable retirement income that’ll ensure a post 9-5 life of independence, as opposed to say, ‘Hi! Welcome to Wal-Mart.” That may sound harsh, but it’s a real possibility, not to mention an unwanted new menu option for many. Why? Oh, there’re a lotta reasons, but mainly cuz they treated the whole ‘investing for retirement’ thing the same way their parents treated Social Security and a pension from their employer. That is, a done deal. Just keep marchin’ in place, and before ya know it. Shazaam! There’s your retirement income.

In a matter of a few gut wrenching days, they realized the folly of their inattention. Cruise control doesn’t cut it when your retirement is at stake.

Oops.

Keep yer seatbelt on, segue here.

Over the years I’ve executed some fairly sophisticated, and relatively complex Plans. Blah blah blah. Most of ‘em were out of necessity one way or t’other — sometimes self defense. This new paradigm has simplified things to a degree with which I’m, if not rapturous, at least more than a little pleased. We’re in different territory now.

Your best bet these days is to create a Purposeful Plan geared to PlanetSimple — cuz that’s where we live now. Don’t get me wrong, though the principles are simple, and tolerably easy to understand, they’re still not as easy to execute. It takes enough time, experience, and expertise to make it happen over a number of years, without trippin’ over cracks in the sidewalk — so to speak.

The idea is not all that cerebral in nature. Create as much after tax retirement cash flow as possible. Engineer it in such a manner as to ensure both its reliability and its flexibility. Create more than one basket of said income — forever keepin’ your eye on how much you get to keep after April 15th.

Your clock gettin’ louder, is it? Take a step back and Plan your way to a magnificently abundant retirement — and do it on Purpose. Like many things in life worth having, it sounds easy, but it’s all in the execution. Take control.

Tick-tock — was that Big Ben?!

Gimme a call, as long time readers know, I need a daily fix. 619 889-7100 will find me. Have a good one.

Related posts:

1. San Diego Investment Property — The Year’s #1 Oxymoronic Phrase
2. 10 Ways To Delay Or Diminish Your Retirement
3. The Capital Growth Oriented California Real Estate Investor — Oxymoronic
4. Transitioning To Retirement — A Recent Comment Deserves A Front Row Response
5. Taking Your Retirement Plan To Retirement — It’s About Not Letting The Bastards Win.