Here in Michigan, the change and difference in seasons is pretty stark. Preparing for winter is strategic and certain things must be done ahead of time, while the weather is good.
"Do I have enough fire wood to would last?" "Is the heat maintained and working?" "Do we have a backup generator in case the power goes out?" "When is the last time I fired up the snowblower?"
This preparation can be a good comparison for retirement. There are questions that you need to regularly ask yourself and review, and the best time to do so is BEFORE any rough "weather". "Do I have enough saved to withdraw income and keep up with my lifestyle?" "If working stopped, today how long could income last without that regular paycheck coming in?"
There are many questions that people should ask themselves (and answer) while in preparation of retirement. Unfortunately, sometimes these questions get asked too late. Ron Courser, CFP® and the team at Cornerstone Retirement Partners work to make sure all their clients and proactive planners have answers to these questions, are prepared for retirement (and the "winters" that may come throughout retirement), and have a Course To Retirement written plan in place.
Winter always comes and will be here before you know it. Are you prepared?
From Cornerstone Retirement Partners: We hope you enjoy this episode of "Your Course To Retirement". Contact Cornerstone Retirement Partners at (616) 301-5886 or visit the website Cornerstone-rp.com.