The Financial Red Zone
The red zone in football is the portion of the field that’s within twenty yards of the endzone. The way a team performs in the red zone is often the difference in success and failure for the game.
That same concept can apply to retirement planning. The financial red zone begins about 5-10 years before retirement and lasts five years into retirement, and this is most important stretch of planning. The decisions that you make during this time frame will have a significant impact on your financial future, so you want to pay close attention to a number of items.
This episode will explain the financial red zone in more detail and tell you what we’re helping clients with during these crucial years. With time no longer on your side, the margin for error gets much smaller so let’s make sure you’re scoring touchdowns and not settling for field goals in retirement.
Here are some of the highlights from this episode:
- Why this period of time is so critical for planning.
- The areas that we want to play close attention to.
- Time isn’t on your side so managing risk and making smart decisions is a priority.
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Securities and Advisory Services Offered Through CreativeOne Securities, LLC Member FINRA/SIPC and an Investment Advisor. CLC Financial Services and CreativeOne Securities, LLC are not affiliated.
Licensed Insurance Professional. We are an independent financial services firm helping individuals create retirement strategies using a variety of investment and insurance products to custom suit their needs and objectives. This material has been prepared for informational and educational purposes only. It is not intended to provide, and should not be relied upon for, accounting, legal, tax or investment advice.
Investing involves risk, including the loss of principal. No Investment strategy can guarantee a profit or protect against loss in a period of declining values. Any references to protection benefits or lifetime income generally refer to fixed insurance products, never securities or investment products. Insurance and annuity products are backed by the financial strength and claims-paying ability of the issuing insurance company.