Contact Us Today!

NavStar Financial Services

219 Williamson Rd.
Suite 2202
Mooresville, NC 28117

704 663 7482

NavStar Currents

How to Live A Successful Retirement

Posted by Larry Jones on Mar 30, 2021 9:30:00 AM
Find me on:


Retirement should be prepared for!

We spend a significant amount of time preparing for our working years. Our parents taught us the value of hard work. We may have attended several years of post-high school education. We worked hard on our job skills, and maybe even mastered the art of office politics, and all of this with a single goal in mind. We wanted to retire one day. We wanted to achieve financial independence so that we would be able to do what we wanted. And then the magic day finally came. We took our gold watch and strolled into the unknown: retirement.

And yet, studies have shown that the majority of Americans spend more time planning for their next vacation than for their successful retirement. Today, thanks to advances in healthcare, it's quite possible that you'll spend almost as much time in your retirement years than you did working!

OK, I'm retired. Now what?

The first months of retirement are typically referred to as the "honeymoon" phase. No more alarm clocks, deadlines, or office politics. It's great! Now you have time to travel and to catch up on all those home repairs you've been meaning to get to. Eventually though, reality begins to set in. What to do with your time? Your assets? Your life?

I'd like to point to three areas of focus that should help you formulate some of your post-retirement plans:

1. Your Income

Where is it currently coming from? Are there things you could be doing differently? Will it last as long as you do? How can you protect your income from taxation? From market risk? What if you die? What if you don't?

2. Your Family

How can you protect them? Can you maximize their inheritance? If you get sick, can they take care of you? Do you need a trust?

3. My Legacy

How will you be remembered? How can you preserve family harmony after you're gone? Who should handle your affairs? Are there charitable organizations you'd like to support?

These questions are designed...

to help you get the wheels turning. You should examine your future activities and goals in the light of the above topical questions. A good financial planner can help you with these issues, and assist with any implementation of your plans.

Have a great weekend!



Topics: Retirement Planning

What you don't know can hurt you!

As a fiduciary I am required to always act in your best interests, and as a professional planner, it's my job to be familiar with all types of possible solutions and financial vehicles. In short, I have no interest in selling any particular product or any affiliation with a particular company. I work for my clients.

Are you:

  • concerned that your tax bill is too high?
  • tired of watching your nest egg decline by significant amounts every 5-7 years?
  • wishing you could find more free time?
  • looking for ways to help protect yourself against litigation that could destroy all you have worked for?
  • worried that Uncle Sam is going to enjoy your retirement more than you are?

If any of the above describes you and you'd like to get a question answered then just click the button below and we'll be in touch.

Let's Meet!

p.s. we have the ability to meet virtually regardless of your location! Give us a shout!


Like this blog? Fill out the form and get e-mail updates. Don't miss out!

Recent Posts