What TIME is it? How much TIME do you have until you retire? When is the best TIME to retire? One of my rules is, “on TIME or sooner.” My young son has inherited this trait too. I don’t know if that is positive or negative, but it’s about TIME!
The simple definition of time: The regulation of occurrence, pace, or coordination to achieve a desired effect, as in music, the theater, athletics, or mechanics. Think about common references to time regarding your investments. When is the best TIME to retire? Do my retirement accounts have enough TIME to grow? I know I don’t have TIME to recover from another major correction in the market. Do you?
Society today is in a hurry. Being busy can be a badge of honor. As busy as you are, it is TIME to take a brief moment, listen and understand, and by doing so, investors say, “That was TIME well spent,” and “It’s TIME for me to take action.”
When is the right time to protect a portion of your retirement income? The day before the market corrects. It’s like my dentist advised me, “You should get a crown on your tooth the day before that crack gets bigger. The TIME to do that is now! And, one of the ways to protect your money is in an equity-indexed annuity. The TIME is now to protect your retirement assets with annuities. Further, be sure to evaluate an income rider on an annuity in order to protect your lifetime income stream results when you decide to annuitize.
Time is an important variable with your investments. With disciplined, strategic investing, a parent or grandparent can change a child’s future with the right investment. When I was 12 years old, my grandfather passed away and I received $1,000 of inheritance. That $1,000 helped me with a down payment on my first home many years later because my parents invested that money properly.
As a person gets closer to retirement, typically there is no TIME for loss. Recovery from a falling and unstable market may take years. Statistics and history show that it takes about seven years for an investment to get right back to where it began after a major correction (2001, 2008).
The first thing you need to do to maximize the proper timing of your investment is to have a plan! Taking time to see where you are and where you want to be, and communicating that plan is the first step to executing that plan. Each financial plan that is set up is designed for your needs and your assets, at your specific timing. Now is the time to act. Be proactive. The TIME is NOW!
It’s about time.
P.S. – Please share this article with others by simply clicking on the blue social media icons at the top of your screen!
Annuity123 does not offer insurance, investment, or tax advice. You should always seek the guidance of qualified and licensed professionals concerning your personal insurance, investment, or tax matters. Annuity123 is simply a platform allowing retirement planning professionals to help educate the community on various retirement planning topics. Annuity123 does not directly support or take responsibility for ensuring the accuracy of the content displayed in the articles themselves or any feedback that may get added in the Comments section from the community.