Planning Ahead Can Help You Live Your Life on Purpose.
The day before the AFC and NFC Championships were played on Sunday, ESPN broke the news that Tom Brady was retiring from football. Although, by the time Sunday night ended and football fans knew that the Los Angeles Rams and Cincinnati Bengals would play each other in Super Bowl LVI it was reported that Brady told the Tampa Bay Bucs he’s still not sure what he will do next year. He subsequently has confirmed that he is retiring, and many would argue at the top of his game. In his last year playing, he led the league in passing yards, passing touchdowns, and completions. He's won 7 Super Bowl Championships and is considered by many to be the best quarterback of all time. Impressive, and especially impressive for an athlete now in his 40's.
When planning for retirement, whether you’re a decorated NFL quarterback or not, believe it or not, similar concerns can arise. Planning ahead can spell the difference between a successful retirement with enough money and being in a healthy mental state, or a stressful retirement with difficult decisions and limited options.
As such, in a nod to Tom Brady’s seven Super Bowl rings, here are seven suggestions that anyone contemplating retirement should think about.
You may be close to retiring, but it doesn't mean that your planning stops, in fact it can become more important than ever. Talk to your financial advisor to make sure you are accurately planning for retirement, whatever that looks like for you, so you can sleep better at night. Especially on Sunday nights if there is no football for you.
-Paul R. Rossi, CFA
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