Page 45 - Ready Set Retire

Ready. Set. Retire!

It’s completely understandable, but it’s a false narrative. In
many cases you can have both, what we call More Now, More
Later.™ The key to this is finding and maximizing permanent
sources of income. In the end, it doesn’t really matter if you
got the biggest piece of fruit; it matters how much juice you
get from it. And, like I said before, it really doesn’t matter if
you get to collect or not, as long as it has achieved its objective
of providing more security in your plan.

What are your objective is for income planning? Is it to get the
most out of each individual component, or is it to have the
most income possible at each stage of life? I would go with the
latter. Coming from that perspective, it matters much less that
I maximize what I actually get from an asset than how
efficiently I am using it. While those might seem to be the same
thing, they are often much different.

Assume for example, you are married, 62 years old, and getting
ready to retire. Now you could have 30 years in front of you.
Thirty years of needing to eat, heat and cool your home, pay
property taxes, medical expenses, etc. That’s almost a working
lifetime, and the thing that’s going to make you secure isn’t a
larger nest egg, it’s cash flow. It’s having the most income
possible for the longest period of time, even if your lifetime is cut
short. This is key. If you knew you were only going to live 15
years, you could easily plan for that. But you don’t. You have

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