September 26, 2018 - Published by IAG Wealth Partners

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Crucial. Must-win. Crunch time. Winner takes all.

Sports announcers are typically full of hyperbole as they work to build the drama for an important game.

Right now the Brewers are down in St. Louis with a playoff spot on the line. Every pitch, every hit, and every throw seems to take on more importance. The pressure is on to win.

But what if the Brewers would have played better almost six months ago on April 2 and April 4 when they lost to the Cardinals at Miller Park? Or had not given up a home run in the bottom of the 11th inning on April 10 in St. Louis? Or played better in any of the other 5 games they lost to the Cardinals earlier in the season?

If they played better when the “pressure was off,” the pressure wouldn’t be on right now.

The same holds true for retirement planning. The best strategy for having a winning record when your regular season is over is to make good decisions throughout the season – even if your season lasts 40 years.

Of course there will be errors, strikeouts, and base running mistakes over a 40-year season. There is no such thing as perfection in a season that long.

However, using seven simple strategies at key moments throughout your season increases your odds of a happy post-season berth:

  1. No to ever taking on credit card debt.
  2. Yes to spending less than your income.
  3. Yes to knowing the difference between a need and a want.
  4. Yes to setting aside at least 10% of your income for retirement savings.
  5. Yes to buying functional (not flashy) vehicles with no or small loans.
  6. Yes to buying a smaller house than the bank says you can afford.
  7. Yes to living a lifestyle of confident contentment instead of ever-evolving envy.

If you, your children, or your grandchildren can abide by these seven simple strategies early in the season there will likely be far fewer pressure-packed crucial decisions late in the season.

Quote of the week:


Teddy Roosevelt:  “The things that will destroy America are prosperity-at-any-price, peace-at-any-price, safety-first instead of duty-first, the love of soft living, and the get-rich-quick theory of life.”

Securities offered through LPL Financial. Member FINRA/SIPC. Investment advice offered through IAG Wealth Partners, LLC, (IAG) a registered investment advisor and separate entity from LPL Financial.

Any opinions are those of IAG and not necessarily those of LPL Financial. Expressions of opinion are as of this date and are subject to change without notice. This information is not intended as a solicitation or an offer to buy or sell any security referred to herein.

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