Mar 29, 2019
Fear and procrastination will lead to all sorts of trouble in
your financial life. If these emotions cause you to continuously
change your financial goals, learn why, and discover how to put a
firm plan in place.
What You'll Learn:
00:56 – Volatility Is Back On Wall Street.
- We can't predict what will happen on Wall Street, but we can
control the amount of volatility in your portfolio. Now might be a
good time for you to make sure your portfolio is properly
2:54 - Just How Much Cash Do You
- If you never feel like you have enough cash in the bank, you
could be moving the goalpost in your retirement plan. Sure, you
need to have an emergency fund, but too much cash in the bank is
just as dangerous as a risk-filled portfolio. We want to keep some
of your money liquid, but the rest of it needs to be working for
you in the market. Make sure your wealth is keeping up with
5:18 - Get Serious About Saving. Stop Moving The
Goalpost By Procrastinating.
- As the old Nike saving goes, "Just Do It." Stop procrastinating
your saving. If you've been meaning to start saving more for
retirement, do it. You can always stop in six months if your plan
doesn't seem to be working. Stop putting off your financial
6:57 - If You're Procrastinating Your Need To Take The
Risk Out Of Your Portfolio, You're Moving The
- If your portfolio is over-exposed to Wall Street, you need to
remove some of the risk. While it might be tempting to continue
riding the Wall Street roller coaster, it could be dangerous for
you in retirement. Don't be greedy. Adjust your risk exposure
before it's too late.
8:44 - Stop Moving The Goalpost And Pushing Back Your
- Maybe you're afraid to retire. If so, it's easy just to keep
working out of fear. We want you to work because you enjoy it, not
because you're uncertain about your financial future.
- 12:27 - Tim is a dentist. He owns a dental practice, and he
owns his own office building as well. He's planning to retire, and
he wants to know whether he should sell his practice but keep the
- 15:48 - Vicky says she's most likely getting a divorce in the
next couple of years. She's retired, and her husband will be
retiring soon. She wants to know how her assets and retirement will
be affected by the divorce.
- 19:04 - The airline Harvey flies for is eliminating his pension
and offering him a buyout instead. He's not being forced to retire,
but he also won't be increasing his pension by working longer. He
wants to know whether he should go ahead and retire.
"Don't let fear and procrastination put a damper on your
retirement. Stop moving the goalpost in your financial life. Take
action, and put a plan in place." - Money Wisdom
ScheduleYour Money Map Review: http://retire.johnsonbrunetti.com/contactjohnsonbrunetti
For further exploration of this topic and additional resources,
check out our blog here: https://johnsonbrunetti.com/four-ways-youre-moving-the-goalpost-in-retirement/