Ep 9: The Importance of the Financial Red Zone

Retirement planning is much like football. The closer you get to the endzone, the more important the strategy becomes. Let’s take a look at these crucial planning years and talk about what you need to be doing to avoid a critical turnover.

Show Notes, Contact & Resources:

https://www.cornerstonevegas.com/cornerstone-retirement-podcast/

Timestamps:

0:36 – Cornerstone got out and had a company party.

1:36 – What is the financial red zone and why is it important?

3:39 – What are some of the common mistakes that people make?

7:08 – Asset-based long-term care

7:58 – Another mistake: taking too much risk close to retirement.

9:23 – Client example of taking on too much risk.

11:50 – You shouldn’t be making audibles to your plan in the red zone.

13:03 – We see people that haven’t planned at all and they’re on the doorstep to retirement. It’s a challenge.

15:39 – Why is retirement planning easier for people that have started planning before the red zone?

16:55 – What you should be thinking about in the red zone.