4 • RUBY, WILDING & SWANSBURG We know the most successful retirees ha ve long- term pwl ea nms efeotr t yg rpoi cwa tl lhy, hi nacsoomn el y, ao nn de ot ar xt ews o. Bo uf tt hneesaer al yr eeavse cr oy vsearveedr. In fact, less than 10 percent of people we meet have adequate ly pr epared f or all th ree ar eas o f lo ng- term focus. Less th an 1 0 pe rcent! It doesn’t mean the other 90 percent don’t have plans or hsoamveetshuecwcersosnignprleatnirse. Tmheenirt.strategies likely position them for But, we believe that their plans are not complete because they’re no t focused o n all the areas of long- term risk to their assets An. d, if their plans are not complete, then the success of their retirement strategy may not be complete, either. COVID and the Long Game As we mentioned at the beginning of the book, the COV ID pandemic has created a watershed event for America. Nothing after will be quite the same as it was before. COVI D didn’t creat e t he n eed for a long game retirement, but it sure made it more important than ever. Why? The psychological and health ramifications of COV ID will be with us for some time. But, one of t he biggest long- term impacts of t he COVID- 19 pandemic will be the government’s rf reosmp onnos we ,t ow tehwe ipl lasnt di l el mf e iecl it thsee lrfe. pTeernc, utsws ieonnt sy ,oof rt ht eh idr teyc iys ei oanr ss lawmakers enact today— and those decisions will impact your retirement. So, if you’ve never thought about the themes in this boo k before, now is an incredibly important time to do so.
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