Happy With How Your Retirement Is Shaping Up?

Posted @ 1:05 am - Filed under Purposeful Planning, Retirement, Retirement Income, 401(k)'s & IRA's

Note: The pictures today have little if anything to do with this post. I just liked ‘em, and so they’re included. The only picture that matters today, is the one you have in your head representing your retirement. How’s that lookin’ these days?

Anyway, allow me an attempt to describe you, or someone (Many?) you may know.

You’re between 40-55 or so.

farmer feeding cats

You have $20-100,000 in an IRA or 401(k).

You probably own your own home — mortgaged with payments you can afford.

You make more money at work than a few years ago.

You will make more money a few years from now.

Outside of your work related retirement program, you could last 2-6 months without your job.

eagle's own reflection

Social Security is a central theme in your retirement income scenario — either by default, or plan — whether you admit it or not.

Your kids are either about to enter college, in college, or gone altogether. Wherever you are on that timeline, it’s not a small financial hurdle for most.

Your parents might need some help, if not total financial support — before long.

The thought just occurred to you — your retirement may not be the Jimmy Buffet love-fest you’ve always pictured.

Each birthday that comes and goes only serves to remind you how your so called retirement planning isn’t giving your those warm and fuzzy feelings.

catching 2 fish

Don’t despair, all is not lost. You just don’t have the #1 cause of a magnificently abundant retirement — A Purposeful Plan.

Now — scroll up toward the top of the blog, and listen to both Purposeful Planning podcasts. Then listen, for good measure, to Grandpa Economics.

You’re welcome. :)

This entry was posted on Wednesday, November 28th, 2007 at 1:05 am and is filed under Purposeful Planning, Retirement, Retirement Income, 401(k)'s & IRA's. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

6 comments to “Happy With How Your Retirement Is Shaping Up?”

Lani Anglin-Rosales on November 28th, 2007 at 8:16 am said:

  • OMG THAT CAT IS HILARIOUS! I jumped off the feed reader to physically come to your site- behold the power of stupid photos!

    In seriousness, a word that you used stood out to me- “default.” I believe that MOST people rely on some default SS plan or 401k plan to carry them to their rest home. Too bad those people haven’t met you yet! There should NEVER be a “default” retirement- it should be PURPOSEFULly PLANned.

Jeff Brown on November 28th, 2007 at 9:32 am said:

  • Lani — It’s worth it just to have made you laugh. :)

    Default will become a concept seen here often, as what you say is, sadly, too true.

    Folks — click on Lani’s name, you’ll be glad you did.

Sean Carr on November 28th, 2007 at 10:07 am said:

  • It’s been pretty easy to get caught on negativity bandwagon this year even if you’ve made some proper hedge positions. It’s never a bad idea to regain focus on the larger issue of purposeful planning.

    Liked the Emmy award the other day as well.

The True Defination of Value - Good vs Great - I’ve Seen it : agentgenius.com on November 28th, 2007 at 8:13 pm said:

  • […] For the better part of 60 days, I have worked with two of the country’s all stars in real estate, one in the mortgage industry, and the other in the investment brokerage business on a mega investment deal.  During those 60 days, a certain development and developer fell into our laps- literally and figuratively.  Now, the price was incredible, the location is impeccable, and the builder was right for a conversation about liquidity versus a hardline stance on their profit.  Needless to say, we looked at the big  picture and decided to take it head on- not every pick is perfect when the equity proposition is beyond your wildest return dreams- it must be molded and shaped into a cash flowing masterpiece.  Now for those of you who are thinking you could have closed this sort of deal with the problems we’ve had in a shorter period, let me correct you now- it simply could not have been done because you simply do not know what we now know about this project.  Meaning, I’m imagining that had it been a team of anyone else, you probably would have walked away 72 hours into the project based on the sheer magnitude against the odds of success- I’m sparing you the gory details- and those details have nothing to do with the A Class property investors we’ve had the pleasure of serving. […]

BawldGuy on November 28th, 2007 at 11:19 pm said:

  • Benn — Thank you so much. I’m genuinely both humbled and honored by your post.

    Without Brian Brady, our team would have faired far worse.

    Without you, Benn, we wouldn’t have been given the opportunity to overcome the challenge in the first place. :)

    Click on agentgenius readers — Benn Rosales is one of the brightest players on the real estate stage these days. Put his blog on your reader, and make him a habit. You won’t regret it, I promise.

Benn on November 29th, 2007 at 7:24 am said:

  • Careful Jeff, you need to be able to fit my head into the car/room when we’re together in Austin in December!

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