At 162 games, the baseball season is an unusually long and arduous journey compared to other sports. For non-baseball fans, sometimes it seems like the season is 621 games!
Throughout the course of the season, there will be setbacks and winning streaks and injuries and triumphs for teams — similar to one’s life journey. Now that you’ve passed the “dog days of summer,” you’re facing the home stretch.
At some point in every team’s season, they’ll find themselves looking at a ‘Magic Number.’ This essentially shows what needs to happen in order for you to reach the playoffs — the end of the season where all the magic happens and legacies are made. The games at this point in the season are absolutely crucial, and each team takes a different strategy.
At Thrive Wealth Strategies, we look at the years you’re approaching retirement that impact your ‘Magic Number.’ Around this time, you’ve put the kids through college and climbed the ladder in your own career. You can now focus completely on your biggest goal: having enough saved so work is optional and a worry-free retirement can commence.
Each decision you make can have a huge effect on your Magic Number and your odds of long-term success. Not only that, but the decisions you make after you retire will have a long-term impact as well.
Retirement can be a long journey — you’re not cashing out all at once. So ensuring you have enough to satisfy your needs through the course of the whole season is crucial.
Just a few questions to consider during this stage:
- How much do you need to save in order to have a long, comfortable, and totally worry-free retirement, with no compromise in lifestyle?
- At what age do you take social security?
- How much risk do you need to take with your investments?
- Do you sign up for Medicare?
- Which pension choice is best?
We work with you to set up a detailed financial plan for financial independence this year and the years beyond. In baseball, each game really does matter, and each financial decision you make will matter when it comes to your long-term goals.
We’ll be here to tell you when to bunt or swing for the fences, what your options are if a key player goes down, and when changing strategies would be in your best interest.
