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“Why is it that we have no more moral stamina than a noodle when it comes to keeping our New Year\’s resolutions?” – Anonymous quote

Every New Year, people frequently resolve to take some type of action to improve their life. They vow to lose weight or to exercise more frequently, to get a better job, maybe to do something memorable with family. The object of this exercise is to change some actions/activities to enhance their lifestyle. We always think that we have a good reason not to act.  Maybe you see yours below:

“I am way too busy right now. I have too many things going on in my family, job, life.”

We frequently hear this statement as a reason not to sit down and Start the Conversation about the retirement future for your family. Unfortunately, people fail to see that investing some time and energy in a discussion now can pay tremendous dividend in a well thought out plan over the rest of their life.

“It\’s too soon. I won\’t be able to retire for maybe another 3, 5 or 7 years.”

First of all, how do you know for sure that you can\’t retire now or in 1 or 2 years? The sooner that you Start the Conversation to prepare and implement a plan, the more options that are open to you and the more experience that you will have with the plan implementation. The act of retirement can be one of the most traumatic experiences that will occur in your life. The more thought that you put into your plan and the more experience that you get with the plan, the less trauma for you when you do retire.

“It\’s too late, I\’ll retire next month, year.”

While having and executing a plan early is most beneficial for you, you still need to Start the Conversation about a plan if you are near or even in retirement. A clear understanding of your income plan, the management of investment and non-market risks and a plan to deal with your healthcare and estate are critical to a confident retirement future.

Many of these reasons not to act are really other ways of saying what we are really feeling: I don\’t want to spend the time, money; to look unprepared/foolish in front of my spouse; to find out that we are not able to retire: to rely on someone else/someone I don\’t know.

Whether it is with the Financial Coach or another group, Start the Conversation about creating a comprehensive Retirement Plan with financial advisors who are fully experienced with all of the issues in retirement.

To Start the Conversation with us, please call 484-887-0452 or visit our website at www.financialcoachgroup.com to see who the Financial Coach is and how we can help you pursue a better, more confident and comfortable retirement.

By James H. McLaughlin CFP®

Financial Coach


2007 National Vital Statistics Reports – An individual approaching retirement at age 60 could be looking at least 30 years of retirement. The average age of death in the U.S. is 86.2 years in 2007 1 and growing, meaning half die before and half die older than age 86.