May 17, 2020
It’s Sunday, which means...It’s recap time!
This week, I talked about stress testing your retirement. You can’t just plan for retirement hoping for the best, so I spent each day this week talking about some likely scenarios - stress tests if you will - that you should throw at your existing retirement plan.
Each of these scenarios have the potential to derail your retirement, and just like a cardiac stress test helps to pinpoint problems in a controlled clinical environment, a retirement stress test runs controlled tests on your retirement portfolio to see the potential holes in your plan and address them before they lead to major issues down the road.
Here are the stress tests that we covered in each episode this week:
Hopefully after listening to the One Minute Retirement Tip this week, you have a better idea of the stress tests you should consider running on your retirement, and how you should approach each of these what-if scenarios.
If you missed any of these episodes or if you want to revisit any of them, you can find them on iTunes, Spotify, or Google Play by searching for the “One Minute Retirement Tip with Ashley”. And if you want more in-depth videos on retirement, check out my YouTube channel - True North Retirement.
Tomorrow, we are starting a brand new theme: Leaving Your Legacy. What does leaving a legacy mean to you? Leaving a legacy is so much more than giving your IRA account and your house to your kids. What’s the legacy you want to leave to your family and your kids beyond your assets and a few family heirlooms. How do you want to be remembered? Last fall, I went to a breakout session at a conference that shared some really creative and powerful ways you can leave your children with so much more than the memories and a few dollars in your IRA when you pass from this world.
That’s it for this week! Thanks for listening and I hope you have a blessed Sunday!
My name is Ashley Micciche and this is the “One Minute Retirement Tip”.
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