To Plan or Not to Plan: It's really not a question


Plan, plan, plan... Everyday I am having conversations with people about the importance of having a plan, and this is not just towards those in their 20's and 30's. Many folks who are within 10 years of retirement still simply don't have a plan. You are never too early or too late to start planning for retirement but how you do it is what matters. Here are some tips to help you start planning:

1. Sit Down and Write Down Your Goals

If you are married, sit down with your spouse and write out what retirement means to you (And if you are single do the same thing). Here are some questions to ask:

  • How much traveling would you like to do? How often?
  • Could you live on the salary you are currently making?
  • How much of an inheritance would you like to leave?
  • Do you want to retire in your current home/state/city?
  • If money didn't matter, how would you choose to spend it?
  • Are there any investments in the next 5-10 years you foresee wanting to do?
  • What is most important to you and how do you plan on protecting it?

2. Find a Comprehensive Financial Planner

Of course we would love if everyone worked with Onward Financial but we know that this might not be feasible for some people, so what should you do?

A comprehensive financial advisor takes the time to focus on you and your goals. This should be done by taking a comprehensive evaluation on your assets, investments, bank accounts, life insurance policies, auto & home insurance policies, assets and your retirement accounts. This is in your interest to ensure that we are bringing you the best solutions that will meet your needs. If your financial planner is not doing this, I suggest to ask why they have not looked over these areas with you. If they don't feel comfortable doing this with you, then I would suggest finding someone who will. We have saved our clients money and time by taking the extra time to understand what position they are in and how we can improve on what they have. You owe it to yourself to work with someone like this.

3. Start NOW!

One of the biggest regrets that many people have when they approach retirement is the fact that they wish they had more time. We know that time is working against us when we don't plan so start having time work for you by starting NOW! Don't wait till you start making "The BIG Money" in your career to start planning. A good plan will grow and adapt with you as you grow in your career. 

Let's talk today and not wait until tomorrow to start planning. 


Johnny Nuanes
Onward Financial, LLC
C: (505) 238-6381

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