• Create BookmarkCreate Bookmark
  • Create Note or TagCreate Note or Tag
  • PrintPrint
Share this Page URL
Help

Chapter 14. Summiting the Mountain and B... > Where Do We Go from Here?

Where Do We Go from Here?

Of the critical issues confronting you, some are obvious and some are more subtle. Let's review a checklist:

  • Sit down with your spouse or partner and discuss the big goal of saving for retirement and commit to the need for a plan.

  • Determine whether you will climb the mountain with or without a guide. Are you going to seek professional coaching through an advisor?

  • Take inventory of your assets and liabilities.

  • Develop your list of the small goals that need to be achieved to reach the big goal.

  • Take stock of the risks that might get in your way and determine what you'll do to minimize them.

  • Match your goals with your assets to establish a gap, if any.

  • Close the gap by determining how much more you need to save.

  • Choose the path that you will take by selecting the various investment components of your plan.

  • Continually monitor the plan for necessary changes. The wind and the weather on a mountain can change in an instant, and so can your life.

  • Reach the summit and take a deep breath.


PREVIEW

                                                                          

Not a subscriber?

Start A Free Trial


  
  • Creative Edge
  • Create BookmarkCreate Bookmark
  • Create Note or TagCreate Note or Tag
  • PrintPrint