Ladies and gentlemen, the Captain has turned on the fasten seat belt sign.
On my latest flight back to New York returning from an energizing training and conference, most of the flight was fairly calm and relaxing. I was able to catch-up on some reading, reflect on my recent trip, and plan what to implement when I got home. As I prepared to get my “free” drink, I saw the airline stewardesses rush out of the aisle pulling the drink cart and banging a few passengers along the way.
Then I heard it, “Ladies and gentlemen, the Captain has turned on the fasten seat belt sign.” I buckled my seat belt as requested and without much notice, we were hit with some significant turbulence. The yo-yo like manner in which we bounced up and down made me hold me breathe for what seemed like minutes even though it was probably less than 15 seconds. It’s amazing how quickly your mind and body shifts to a different state….panic.
Thankfully the turbulence didn’t last too long, and I finally got my well earned complimentary ginger ale and pretzels. We evenutally landed safely and on time (if you can imagine that!).
I would suspect that many of you have had a similar experience like this one. As it relates to your financial journey leading into retirement, you’ll likely experience your own turbulence along the way. Although the stock market has shown growth over long periods of time, it does come with volatility that most have just grown to accept.
So, when you’re in retirement, what strategies will provide you the “seat belts” to help you deal with the volatility that we know will come?
Check out the video below to see how you can weather the financial storms in the future and increase your chances of having your money last a lifetime. If you’re interested, now is the time to act as some of the strategies require planning before you reach your retirement so you have more options.