Rule#1:Seems To Be Forgotten When It Comes To Retirement.

July 8, 2013 - PRLog -- There are many questions people face when planning for retirement. Whether it’s how much do I need to retire? To when will I be able to retire? All these questions are very valid when it comes to achieving retirement and they go hand in hand with each other.

Knowing how much I will need to retire will enable me to set a time of when I will retire, but knowing when you want to retire gives you the ability to figure out how much to save in that time. This sounds easy to do: pretty simple actually. The problem is it’s just that, a “plan” and even the best plans can be interrupted with. Almost everyone makes plans whether it is what they will eat or what car they want to buy ect., but when it comes to retirement the flexibility of planning isn’t so flexible.

The reason planning for retirement can’t be flexible is there is no room for error. If you want to maintain your particular lifestyle though retirement along with retiring at whatever particular age you had planned for, you need to have certainty in that plan, but we already know there is no certainty in most retirement plans.

Warren Buffet has two rules they are “Rule #1: Never Lose Money, Rule #2: Never forget Rule #1”

We all watched the economic down turn of 2008 that left a lot of retirees going back to work because they lost a large portion of their retirement and couldn’t afford to be retired anymore. Along with those people that had planned to retire in the next few years watched their plans change.

So why is it that Warren Buffet, one of the wealthiest men in this country lives by these two rules of not losing money? Yet so many people that are planning for retirement don’t follow these rules.

When approaching retirement we need to always keep Rule #1 as the foundation of our retirement plans. In order to achieve retirement, but to also stay retired. The key to not losing money is guarantees, important guarantees like the guarantee of protection of principle. This allows you never to lose the money you put in these types of retirement vehicles. Another important guarantee is supplemental income for life and never having to worry about losing money. These are just a few of the retirement plans out there that can help you achieve your retirement goals.

These plans are not suitable for everyone, but everyone should at least seek an educated advisor as to whether an Indexed Annuity might be suitable for their portfolio and their future goals. This type of annuity allows a lot of protection along with a lot guarantees that cannot be overlooked when balancing or creating a portfolio."

Josh is frequently seen in FOX, NBC, CBS, ABC, The Chicago Chronicle, and CBS Money Watch. In his years as a financial professional, Joshua has seen the lifelong impact of retirement preparation– or lack of preparation—every day. Commenting on his career, Joshua says, “I feel blessed to have helped so many people prepare for the day when they don’t have to work any longer. As well as helping those in retirement keep it that way.” You can find out more about Josh at http://www.aaronmatthewsfinancial.com

Photo:
https://www.prlog.org/12170566/1