Ep 11: The Retirement Road Trip

By Chris Scalese | November 7, 2019

Today’s Debate:

Retirement planning is a lot like a road trip. It takes careful planning, strategy, research, and execution. We’ll explore the similarities between the two and explain what you need to do to reach your final retirement destination on time and as planned.

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Key Takeaways From This Episode:

When was the last time you hopped in the car for a road trip? Do you remember the steps it took to get from point a to point b?

Much like travelling across the country by car, retirement is a journey that requires careful planning and execution to make sure you reach your destination when you want to and with everything you brought along.

This episode of the Financial Forum podcast will show you how a road trip is a lot like retirement planning. Have you thought about where you want to go and envisioned how it would look once your arrived? What route to you plan to take for this trip? Who/what will you be listening to along the way? Can you set it on cruise control along the way?

We think this analogy is a great way to help you picture the entire retirement planning process and hopefully make the journey easier to understand and follow. Whether you’re preparing for a short drive or planning to go cross-country, the steps are the same and that’s the case for retirement as well.

Come along for the ride by using the audio player above and click on the timestamps below to skip around to specific topics.

[0:42] – First thing you need to decide is where are you going?

[2:46] – Next thing is you have to determine what route you want to take to get to your destination.  

[4:18] – The best way to determine your route is by answering these questions.

[5:38] – On that road trip, you have to pick out what you want to listen to.

[8:26] – Last road trip item, are you using cruise control along the way?

 

A Potent Quotable:

I like when we do these analogies because for a lot of people, retirement planning and investing tends to be kind of intimidating. They say they don’t understand it a lot so if we can bring it back to analogies that a lot of people understand, and obviously a lot of people will understand the analogy of the road trip, hopefully this will make it easier for people to visualize -Chris Scalese, Financial Forum Podcast
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Chris Scalese – Contact

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