Words from Woods

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It’s déjà vu… all over again”

That’s an infamous line spoken by the N.Y. Yankees great, Yogi Berra.   And, here we are…again.  Over half way through another year, 2/3rds of the way through another summer, and in the middle of another hurricane season.  Happens every year; the months pass, the seasons change, and the weather comes and goes.  Déjà vu-all over again!  It’s inevitable.

Something else inevitable happens.  Markets move – sometimes up, sometimes down.   And with them any unprotected retirement assets.  Each year I wonder where it’ll end up.  Do you? Are you planning?   We can’t do much about the years or the seasons!  We are not in control there, are we?  They are going to happen.

But we can prepare for the inevitable.  And preparing is preferable and prudent. (Also less traumatic and less expensive!)  The years come and go so we prepare, in advance, for the start of school, birthdays, holidays, vacations, trips and the like.  The seasons will come and go so we mulch and weed  in the spring,  get the pool and barbeque grill ready for swimming and backyard party’s in the summer,  get our hurricane preparedness kits and sweaters out  for the fall and make sure the house and cars are prepared for the winters’ cold months.  Why? Because it’s prudent and saves a lot of last minute uncertainty.  It’s peace of mind.

If preparing for the inevitable is the prudent way to keep from being blindsided and surprised in our everyday lives, shouldn’t we apply those same principles to our financial lives in general and our retirement plans in particular?  Isn’t retirement inevitable, too?

Surveys have shown that folks spend more time planning vacations than their retirements. In many cases, that may be 25, 30, or more years of your life.  Doesn’t it make sense to insure that you’ve explored all of retirement strategies available,  learned how to maximize your assets,  i.e. social security, pensions, savings, IRA’s, 401k’s and TSP’s, and that you’ve made arrangements to protect and distribute those hard earned assets in the most efficient way?

Yogi also said, “If you don’t know where you’re going, you’ll wind up somewhere else.” Is SOMEWHERE ELSE where you want to wind up?  Call us.  We know how to help you get where YOU want to be.

As always, I wish you good fortune.

Bob Woods
Woods Financial

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