If you set out on a cross-country road trip to some of America’s greatest destinations, wouldn’t you enter the desired destination or destinations into your GPS to be sure you got to where you wanted to go? – Only if it matters where you end up, right.
This kind of common sense guides all kinds of good decisions. But for some reason, it fails to guide most wealth and retirement planning. decisions. This could explain why seven out of ten estate transfers ultimately fail to deliver on desired outcomes.
And less than two out of ten of the failures are due to legal, tax, accounting and improperly drafted estate documents.
Here’s the craziest part – this failure is almost 100% preventable and it impacts retirement lifestyles more than people realize!
The first step and the most overlooked step that is the source of most failure is the lack of clearly known “planning GPS coordinates.” It’s the clear and precise coordinates that are needed in order to ensure there is absolutely no question that you will lead your deserved retirement lifestyle and create a beneficial legacy for family and causes that matter to you deeply.
Effective wealth and retirement planning is first and foremost about having a clearly defined destination. Do you have your clearly defined wealth destination written out?
To help you get started, write down the three “must have” retirement results for you, and your family. Think about it this way, if you didn’t get these three results you’d end up with regrets.
Wealth is more than money. Don’t just plan for your future, live it right now.
Pass it on and share the insights like this that you find valuable.
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“It’s hard to be aggressive when you’re confused.”
– Vince Lombardi