Want to Retire? Why Smart isn't Enough

If you want to retire and are looking for guidance don't just find someone smart. There are plenty of smart advisors with plenty of smart ideas. It's been my experience that smart by itself, isn't enough. If you want to retire successfully, it's better to seek out wisdom."It ain't what you don't know that gets you into trouble. It's what you know that just ain't so."In this episode, I discuss some of the value a wise advisor can bring to your financial life. Including:Finding blindspots in your retirement planBring perspective learned from walking the journey with others on the same pathCreative solutions to your unique lifeManage emotions that can derail the best laid plan to retireDiligence to help you address the right issues,Consistent communication to assure the right conversations happen in the right frequency so you can make adjustments as your life unfoldsListener Question One question I had is if the Monte Carlo model factors in the different investment bucket assumptions. My assumption is it assumes the regular draw out amounts occurs evenly between the buckets in good times and bad.  If this is the case then not drawing on the equity bucket during bad time will help to increase the likelihood of not running out of money in retirement.  Please clarify.  Thanks, MonteGreat observation Monte. How you manage drawing from your assets during retirement is critical. Do it wrong and you could seriously handicap your chances of maintaining your lifestyle. In this episode, I answer your question directly.How to manage drawing from your assets during retirement is one of the most common questions I get.  To help you understand, it will be the focus of my next webinar. How to Manage Cash Flow in Retirement Webinar During the webinar I'll show you how to:Draw from your assets for incomeSet up and manage your cash flow reserve bucketsManage cash flow during down marketsevaluate the best strategy for youWhen:  Tuesday, May 26thTime:  2:00 CSTClick Here to register