THE RETIREMENT RED ZONE

Share Post: facebook Created with Sketch. twitter Created with Sketch. linkedin Created with Sketch. mail Created with Sketch. print Created with Sketch.

By Melanie Hasty-Grant

The Retirement RED ZONE

It’s that time of year again. Friday night lights, Saturday game day tailgate parties, the cooler days of Fall and the leaves changing colors. I love this time of year. It is our family’s favorite. With football starting and hunting season just around the corner life is full of hope and promise.

Just as it requires preparation to get ready to play in that big game; so too, it takes preparation when planning for that “big day” of retirement. The last few years preceding retirement and the first few years immediately following retirement, is what we call “the retirement red zone”.

The reason we call it the red zone is because these years are most crucial to the outcome of your financial retirement success. It’s just like in football where the red zone is the last 20 yards before crossing the goal and is critical to winning or defeat, the last few years before and after your retirement can make you or break you.

It’s during this time that you need to develop a careful, drawn-out strategic plan….a GAME PLAN.

Your playbook should be detailed with all the x’s and o’s and provide a careful strategy for how much you need to have saved, what debt you need to have paid off, what your budget is now and what it will be, and a specific plan for how to replace your income in retirement. Your playbook should include multiple investment strategies to both defend against losses and advance toward your goals.

These years often require sacrifice in order to meet the goal line, and a great coach to help get you there. We want to help you make your retirement a winning success!

Waterstone Private Wealth Management offers personalized money management services for investors with portfolios of $500,000 or more. To schedule a FREE personal consultation, so you may fully understand the benefits that our private clients receive, please call us at 918.272.1120 or visit our website at www.waterstonewealth.com. 9500 N. 129th East Ave, Suite 106 Owasso, OK 74055.

Securities offered through Cetera Advisor Networks LLC, Member FINRA/SIPC. Investment advisory services offered through CWM, LLC, an SEC Registered Investment Advisor. Cetera Advisor Networks LLC is under separate ownership from any other named entity.

Share:
facebook Created with Sketch. twitter Created with Sketch. linkedin Created with Sketch. mail Created with Sketch. print Created with Sketch.
Share Post: facebook Created with Sketch. twitter Created with Sketch. linkedin Created with Sketch. mail Created with Sketch. print Created with Sketch.

RECENT POSTS

Should I Open a Traditional or Roth IRA?

Multiple retirement savings vehicles are available but having options can be overwhelming. Each option comes with different rules leading to a variance of outcomes in the short-term and long-term. It’s not that dissimilar to choosing what to eat.

Carson Investment Research’s Outlook ’23: The Edge of Normal

At long last, The Carson Investment Research team is proud to officially release our 2023 Market and Economic Outlook, aptly titled Outlook ’23: The Edge of Normal. You can download the whitepaper here. As you are all painfully aware, 2022 wasn’t pretty for investors – it was the first year …

What Documents You Should Provide to Your Tax Preparer

Mike Valenti, CPA, CFP®, Director of Tax Planning Tom Fridrich, JD, CLU, ChFC®, Senior Wealth Planner It’s January, so it’s officially tax season! One of the most common client questions heard by tax preparers is, “So, what do you need from me?” The short answer to that question is often, “ …

10 Tax Planning Tips That Could Reduce Your Taxes

There’s more to tax planning than you think. Do you understand how each of your accounts are taxed? How did you set up your retirement plan? Have you considered an HSA? Take control of your taxes and how they fit into the big picture. Check out these income tax planning tips. Click here to …
1 2 3 100 101 102

Get in Touch

In just 15 minutes we can get to know your situation, then connect you with an advisor committed to helping you pursue true wealth.

Schedule a Consultation