Episode Synopsis "Mark Fricks - Chapter One -- DESTINATION RETIREMENT"

Just like planning for a vacation or a trip, your retirement plan needs to consider your goals and objectives, or it won’t be a good plan for you. The answers to the question, when should I retire, will be different for everyone, based on your lifestyle and the people in it who are important to you. • There is a difference between a retirement product such as a mutual fund or annuity and a retirement plan. As you move out of the working stage of your life, you are no longer earning income. A shift must be made from the accumulation of your money to the management of your money. Before you take off on your retirement trip, identify where you are now by taking the time to understand what you are invested in and what those investments are doing for you. • The rules for retirement planning have changed. Investing the way your parents did will not pay off and the majority of investment ideas used by financial professionals in the 1990s aren’t applicable to today’s markets. That kind of investing will likely get you in trouble and compromise your retirement. Today, you need a better PLAN. Having a planful approach to retirement gives consideration to today’s stock market and economy, and the individual concerns of you, the investor.

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More episodes of the podcast Mark Fricks - The Road Less Traveled

• Mark Fricks - Chapter Seven - WHAT ELSE CAN GO WRONG?
• Mark Fricks - Chapter Six - WHAT IF I NEED MORE MONEY? TOOLS TO HELP FILL THE INCOME GAP
• Mark Fricks - Chapter Five - Don't Leave Money on The Table: Maximizing Social Security
• Mark Fricks - Chapter Four - Where is My Paycheck? How Much Money Do You Need To Be Happy?
• Mark Fricks - Chapter Three - What Color is Your Money?
• Mark Fricks - Chapter Two - WHAT THE HECK JUST HAPPENED? STOCK MARKET RISK AND YOUR RETIREMENT
• Mark Fricks - Chapter One -- DESTINATION RETIREMENT
• Mark Fricks - Introduction of the Audio Book "Federal Employees - The Retirement Road Less Traveled"