Waiting for the Green Light

No, you shouldn’t wait to create a retirement plan.

Waiting.  Waiting.  Waiting.  I can’t help but laugh when I think of my daughter’s Dr. Suess book, Oh, the Places You’ll Go. 

Do you remember the two pages on waiting?  Where everyone is waiting?  Suess mocks, of course, but admittedly, we’ve all found ourselves there at some point in life.  


Waiting.  Waiting.  Waiting.


Waiting can often be a good idea.  

Waiting for a green walk signal to cross the street. 

Waiting in the doctor’s office when you are sick.  

Waiting to marry until you’ve found the right person.  


But waiting, doesn’t make any sense in a number of situations.  

Waiting to exercise until you have the energy.  

Waiting to fix the brakes on your car.  

Waiting to create your retirement plan.


Should you wait to create a retirement income plan?

No! You should start as soon as possible. Imagining you have to plan for a time when your income will drop by 50% or more.  And YOU have to make up the difference. And with any luck, you’ll have to make up the difference over a long and active retirement!


It’s never too early to make smart moves with your money.


Should I wait until…

I’m retired? No.

I’ve started SS? Definitely not.

Wait until the world is more “stable”? No.

After the election? Nope.

The economy/market recovers?  Definitely not.

Dr. Suess frowns upon waiting.  So do I.

 Realistically, the earlier you start working with a retirement planner, the more they can help with your retirement.  So no, waiting doesn’t help. 


Get started today.

I know you’re nervous about taking action.  But here’s what I’ve found:  Creating and executing a great plan will give you retirement confidence you need!

(Yeah, a good plan will likely lower the taxes you pay, help you create a more reliable income stream and make your entire retirement better too!)


Ok, last question….So you do want to get started… but you want to know:  Do I need to know financial terms before you speak to a retirement specialist?  

No, you don’t, but if you are nervous about talking to a retirement planning specialist you can read this report first….



If you have a question about this post or want to see how The Retirement Income Process can work for you, contact me directly at 860-661-3821, or set a time in my calendar here.


Please Note:  Speak to your tax, legal or financial advisor for specific advice about your particular plans and situation.

John Bubello Retirement Financial Advisor

John R. Bubello CFP®

I specialize in Retirement Planning & Investment Management.

My clients worry less, maximize their money, avoid mistakes and retire with clarity and confidence.

The Retirement Income Blog

Advice and perspective for the soon-to-be-retiree

Creating a retirement plan requires making some complicated decisions about our financial lives.

But complicated doesn’t have to mean confusing

My goal is to break down key decisions and concepts, frame them in the context of your retirement, and help you make smart, confident decisions about your retirement.

Because you only retire once.

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John R. Bubello is an investment advisor representative of and offers investment advisory services through Compass Retirement, LLC, a registered investment adviser offering advisory services in the State of Connecticut, State of Florida, State of North Carolina and other jurisdictions where registered or exempted.