It’s Sunday, which means...It’s recap time! 

This week, I talked about how to get back on track for retirement. 

Unfortunately, most Americans are not on track for a comfortable retirement and will have to compromise one of the 4 primary factors of retirement in order to make the numbers work. Others just wing it and hope that they don’t run out of money, which usually doesn’t work well, since you may quickly realize that you just don’t have enough money for the comfortable lifestyle you envisioned in retirement. 

To prevent you from winging it in retirement, I introduced the 4 primary factors that determine retirement success and have the biggest influence on whether or not you run out of money in retirement. 

This is a timely topic right now as the Coronavirus is upending daily life and could change your plans for retirement, especially if you planned to retire in the next couple years. 

 The 4 primary factors that determine your success in retirement: 

• Asset allocation
• Savings Rate
• Retirement Date
• Spending in Retirement

Hopefully after listening to the One Minute Retirement Tip this week, you understand these four critical factors to determining whether or not your money will last in retirement, and how you might have a better chance at a comfortable retirement than you might realize, especially if you’re open to adjusting your original plans and one or more of these primary factors. 

If you want to find out how to close the gap on your retirement, send me an email and I will send you a simple 2 page worksheet that you can use to calculate your ideal asset allocation, savings rate, retirement age, and spending in retirement, so you don’t run out of money in retirement. You can email me at [email protected]. That’s [email protected]. 

[If you missed any of these episodes or if you want to revisit any of them, you can find them on iTunes, Spotify, or Google Play by searching for the “One Minute Retirement Tip with Ashley”. If you want more in-depth videos on retirement planning specifically for business owners and entrepreneurs, check out my YouTube channel - True North Retirement.]

Tomorrow, we are starting a brand new theme: Have we hit bottom yet? I’m going to explain how to spot a stock market bottoming process and take advantage of opportunities that exist at and near the bottom. No I don’t have a crystal ball, and markets are unpredictable, but markets actually do have a predictable emotional pattern, and there are certain emotions that define market bottoms. So we’ll talk about those tell-tale emotional signs that the stock market is at or near a bottom next week. 

That’s it for this week! Thanks for listening and I hope you have a blessed Sunday! 

My name is Ashley Micciche and this is the “One Minute Retirement Tip”.

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