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Chapter 5. Goal-Oriented Retirement Plan... > Taking Small Steps Through GORP

Taking Small Steps Through GORP

GORP is a way to break retirement planning down into small steps that are easy to establish, monitor, modify, and achieve. Rather than looking at financial or retirement planning as a monolithic task, GORP allows you to take a snapshot of the elements that go into your plan and lets you isolate and focus on single goals or events. Finally, GORP allows you to map assets to goals so that you match the characteristics of a given asset to the characteristics of a given goal.

The foundation of GORP is to create and foster the proper environment for planning. If we were attempting an assault on a mountain, particularly one with an elevation in excess of 15,000 feet, we would not simply drive our car to the starting point, throw on a backpack and start moving our legs uphill. Aside from the tactical preparation involving logistic arrangements such as food, clothing, equipment, and shelter, we would have physical preparation. That physical preparation involves the acclimation of your body to altitude to help avoid illnesses, like high-altitude pulmonary edema, which can result in death. To do that, climbers will sometimes spend months on the mountain going from one camp to the next and coming back down again to acclimate to the altitude.


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