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232 Don’t Make Me Say I Told You So

What If Something Happens to You?

Let’s assume that you decide to manage your own money in
retirement. Let’s also assume that you are the exception to the

rule of those managing their own money.

► You invest in a well-diversified portfolio.

► You reinvest your dividends when you don’t need income.

► You don’t try to time the market.

► You don’t try any get-rich-quick schemes.

► You don’t jump in and out of investments in times of

market volatility.

In most families, there is one “financial quarterback”
who handles most of the decisions relating to money and

investments. Because you’re reading this book, I’ll assume that,
for your family, it’s you.

What if something were to happen to you? Would your
spouse be prepared to, and able to, take over the management

of your family finances and investments? Would they turn to
someone for help? Who might they turn to? What if it’s someone

who doesn’t have the best interest of your family at heart? Do
you think that your spouse would be better served by taking

over the all of the financial decisions, or by sitting down with

Chapter 5: Things That Can Wreck Your Retirement