Mark Singer: What is the number one most important thing to you, as
you enter into retirement? reducing taxes, get maximizing
your Social Security, getting the biggest return possible? In
this video, I will share an answer with you, that may be
very surprising to you. But before we get there, take
advantage of my over 30 years in this business and subscribe to
my channel. So I can share with you some of the conversations
that I have with my clients so that you can have a better
opportunity to enjoy the retirement journey. So you have
spent your entire working career deferring, delaying, sacrificing
so that you can enjoy retirement, right? You've put
things on the back burner until you finally get to this place
that kids are gone. They're out of school, you can now sit back
and relax. So what's really important now, as you think
about planning for this next chapter retirement, do you
really think that the most important thing is to have the
greatest return? Or is it what is absolutely driving you? And
you have sleepless nights over the fact that you pay more taxes
than you should? Or is it truly maximizing the most you can out
of Social Security getting every nickel and dime, you can out of
it? Or is it something else? And I believe based on my
experience, what truly keeps my client up at night, for the most
part is not what I just talked about. It's about finding
purpose, having a rewarding lifestyle, a fulfilling journey,
so that they can truly maximize the joy of this next chapter. So
I talk a lot about the fact that I think this industry has done
you wrong. Because it isn't just about having the most money, if
you have more money than your neighbor, does that truly mean
that you're happier. The results show otherwise, studies have
come out over and over trying to assess satisfaction levels, for
those who have recently retired. And what oftentimes drives
satisfaction, according to some of the studies is how much debt
you have and how much the debt impacts your cash flow. And
therefore impacts your ability to go about and do the things
you wish to do. That can provide you with the joy that you're
looking for. Certainly, the math is important. Having money is
crucial to helping you pursue some of these items. But it's
not the end all to be all, I want to spend time with my
grandkids, I want to go travel, I want to play golf, getting an
extra $10 from Social Security or lowering my taxes by $500, or
getting a return, you know, that is 6% versus 5%. That isn't what
truly deep down drives me. What truly drives me is the type of
reward the purpose I can get in life. So let me share with you a
very quick story. I read this article years ago, and was
talking about a woman who had a 401 K plan. And she was going to
go on vacation. And about the time she had to pay for the
vacation, the market went down 401k value went down and she
cancelled her vacation. To me, that's just the wrong way to
look at it, you have to have a long term approach. And to me,
what you're really looking to do is set yourself up for the most
success possible. And by doing so, the very best way to do it
is to put together your own retirement roadmap to do the
math first. And once you understand if you are or are not
on track to accomplish the pursuit of your goals and do
what you need to from a financial perspective, as my
clients tell me over and over again, the true joy of
retirement is the pursuit of their goals and passions and
having purpose but they can only get to that. Once they've dealt
with the math.
I talked talk about this in greater detail in this video
where I talk about happiness in retirement. Check it out.