Retirement Planning Strategies - June 2019

Give us a call! 303-922-4304 Hours: 8 a.m. to 5 p.m. M–F

JUNE 2019



1 Denver Federal Center Building 45, Entrance E-9, Room 1050 Lakewood, CO 80225


I recently took a trip to Lake Como in the Lombardy region of Italy near the border of Switzerland. It’s not a place many people have heard of, but if they have, they know it as the location of one of George Clooney’s many properties. Because this house happens to be a massive, dramatic villa, people tend to assume that Lake Como is a place only the insanely wealthy can afford to visit. However, when I researched the possibility of taking a trip there, I was happy to learn it was surprisingly affordable. I relay this story because it shows how much is actually available if you’re willing to look. When I speak to clients about their lives after retirement, I can’t tell you how often I hear some variation of, “Oh, I can do that?” Whether we’re talking about a dream vacation, when to retire, or what life after work will look like, people are all too willing to rule out possibilities before even giving them a chance. It seems that many of us, even myself at times, are predisposed to think of the negative first. Rather than seeking out ways to make something accessible, we assume it’s not and give up before we try.

destinations. Being proactive and creative in your planning makes travel a lot cheaper, and the internet has made it possible to do all of the research on your own. The same goes for determining when your retirement will begin and what it will look like. Is it going to happen as a matter of course? Not even close. Life is always a game of compromises, but if you investigate all of the options, you get to decide what those compromises are. IT SEEMS THAT MANY OF US, EVEN MYSELF AT TIMES, ARE PREDISPOSED TO THINK OF THE NEGATIVE FIRST. RATHER THAN SEEKING OUT WAYS TO MAKE SOMETHING ACCESSIBLE, WE ASSUME IT’S NOT AND GIVE UP BEFORE WE TRY. Let’s say, for instance, you want to retire two years earlier than you originally planned. Your first instinct may be to reject the idea as foolhardy. But what if

you were able to save a little more in the years leading up to that date, cut back on spending, and really look at how much you’ll need after work is over? It may take some sacrifice, but it could very well be possible. Again, the point is if you’re not willing to explore an option, you’ll never really know if you can do it or not. Sure, there are times when you’ll crunch the numbers and realize a certain goal is out of reach. I’m willing to bet, though, that you’ll be pleasantly surprised more often than not. I may never be able to own George Clooney’s villa. In fact, I’ll never even spend a night there, but that doesn’t mean I can’t see the same part of the world or do something just as enjoyable or fulfilling. So, in closing, I want to ask you a question. What have you always wanted to do but assumed you never could? Whatever it is, unless it’s something truly impossible like human flight, I challenge you to take a look and see what it would really take to make it happen.

–Ann Vanderslice

If you’re planning a vacation, you don’t need to stick to some predetermined list of | 1

Published by The Newsletter Pro .

Made with FlippingBook flipbook maker