Don’t Be Fooled by These 4 Big Retirement Myths – Presented by Mark K. Lund, Financial Advisor in Utah

Financial Advisor Utah

At age 52, George Jerjian thought he was immortal. He was at the height of his career in marketing, having won an Emmy as a producer. Then his doctor gave him the bad news. He had terminal cancer with perhaps six months to live.

Jerjian quit work immediately, an unplanned early retirement.

But he survived his diagnosis. And ten years later, at age 62, he launched a second career using what he’d learned about retirement to help others better prepare for their post-work years.1

Having retired early and then unretired, Jerjian learned that many people (including himself) believed things about retirement and aging that just aren’t true. Here are four misconceptions to keep in mind:

Myth #1: Life follows a linear path
We often assume that our lives will unfold in three simple chapters: Get an education, get a job and get married, and then retire and enjoy downtime.

But real life is much more elastic, progressing with many twists and turns. And the outcome is often unexpected. “Don’t wait for retirement to live the life you want,” says Jerjian. “Tomorrow is never guaranteed, so take time to do activities you enjoy every day.”

Myth #2: You can’t teach an old dog new tricks
Learning is not just for the young. There is no reason you can’t master new skills, take up new hobbies, or even start a new career after you retire.

Myth #3: Your 20s and 30s are your best years
Our society seems to be obsessed with youth. And yet many people report the greatest life-satisfaction in their later years.2 If you maintain good health, plan your finances, and invest in close relationships, your happiness can actually increase as you age.

Myth #4: There’s no point in thinking about death
We don’t like to dwell on the fact that one day our life will end. But Jerjian discovered that the bad news from his oncologist was the wakeup call he needed.

“I found that remembering death could come at any time,” he writes, “eliminated my mindless pursuits and worries. It allowed me to be more present and do more things that were actually important to me.”

It’s hard to imagine what life will be like when you retire. In some ways it will be very different—you won’t be going into work every day. But in other ways it will be similar to your life now.

To enjoy these years to the fullest, it’s best to prepare now. Have a specific plan for your finances, and definite goals for how you will spend your extra time. But also build in some flexibility and resilience, because life seldom turns out exactly as we expect. Your trusted financial advisor can help you map out a path designed to address your specific needs.

If you ever have any questions about your investments or retirement plans, please feel free to give me a call at 801-545-0696.

Regards,
Mark Lund
Stonecreek Wealth Advisors, Inc.
11576 S State Street, Bldg. 1002
Draper, UT 84020

Sources:
1. http://go.pardot.com/e/91522/young-people-need-to-know-html/947nm5/2147548006/h/klFm8fHNlH1UypVQ1WrfBDZh-S8s3sw0CMBio7FYxeY
2. http://go.pardot.com/e/91522/st-miserable-time-of-our-lives/947nm8/2147548006/h/klFm8fHNlH1UypVQ1WrfBDZh-S8s3sw0CMBio7FYxeY

Disclosure:This information should not be construed as investment, tax or legal advice and may not be relied on for the purpose of avoiding any Federal tax penalty. All information is believed to be from reliable sources; however we make no representation as to its completeness or accuracy. All economic and performance data is historical and not indicative of future results. Market indices discussed are unmanaged. Investors cannot invest in unmanaged indices. The publisher is not engaged in rendering legal, accounting or other professional services. If assistance is needed, the reader is advised to engage the services of a competent professional. This material was prepared by Efficient Advisors, LLC (“EA’) for Mark Lund, Mark is a Financial Advisor in Utah. He is known as a Wealth Advisor, The 401k Advisor, Investor Coach, Financial Planner, Investment Advisor and author of The Effective Investor. Mark offers investment advisory services through Stonecreek Wealth Advisors, Inc. a fiduciary, independent, fee-only, Registered Investment Advisor firm providing investment management and retirement planning for individuals and 401k consulting for small businesses. Mark’s newsletter is called The Effective Investor Newsletter. Cities served in Utah are: Salt Lake City, Salt Lake County, Utah County, Park City, Murray City, West Jordan City, Sandy City, Draper City, South Jordan City, Provo City, Orem City, Lehi City, Highland City, Alpine City, American Fork City. The views expressed herein are exclusively those of Efficient Advisors, LLC (‘EA’), and are not meant as investment advice and are subject to change. All charts and graphs are presented for informational and analytical purposes only. No chart or graph is intended to be used as a guide to investing. EA portfolios may contain specific securities that have been mentioned herein. EA makes no claim as to the suitability of these securities. Past performance is not a guarantee of future performance. Information contained herein is derived from sources we believe to be reliable, however, we do not represent that this information is complete or accurate and it should not be relied upon as such. All opinions expressed herein are subject to change without notice. This information is prepared for general information only. It does not have regard to the specific investment objectives, financial situation and the particular needs of any specific person who may receive this report. You should seek financial advice regarding the appropriateness of investing in any security or investment strategy discussed or recommended in this report and should understand that statements regarding future prospects may not be realized. You should note that security values may fluctuate and that each security’s price or value may rise or fall. Accordingly, investors may receive back less than originally invested. Investing in any security involves certain systematic risks including, but not limited to, market risk, interest-rate risk, inflation risk, and event risk. These risks are in addition to any unsystematic risks associated with particular investment styles or strategies.

Category: Blog, Newsletters

About the Author ()

Mark K. Lund is the author of The Effective Investor, a #1 Best Seller, and founder of Stonecreek Wealth Advisors, Inc. an independent, fee-only, Registered Investment Advisory firm. He has provided articles for or been quoted in: The Wall Street Journal, The Salt Lake Tribune, The Enterprise Newspaper, The Utah Business Connect Magazine, US News & World Report, and Newsmax.com, just to name a few.  Mark publishes two newsletters called, “The Mark Lund Growth Report” and “Mark Lund on Money.”  Mark provides CPE (continuing professional education) courses for CPAs.  You may also have seen him on KUTV Channel 2, or as a guest speaker at a local association or business. Mark provides investment and retirement planning services for individuals and 401(k) consulting for small businesses. In his book, The Effective Investor, Mark exposes the false narrative magazines, media, big Wall Street firms, and most advisors want you to believe. The good news is that Mark will show you that you don’t need their speculative ways of investing in order to be a successful investor. Get a free copy when you schedule your initial consultation.

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