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Long Way Down
Written by Steve | Published: |
Last week I was able to take my boys up to the mountains for a snowboarding trip. Unfortunately, within the first hour my oldest son had an accident that hurt his wrist so bad that he was out the rest of the day. We thought it was broken but thankfully it was just a really bad sprain.
As a parent it’s one thing to get injured yourself but a much deeper pain to see your kids hurt.
Here’s a pic of my son with the ski medic. 🙁
It reminded me of the metaphor about retirement from last week, where not everyone gets down the mountain we call “retirement” safely.
As a reminder traditional retirements fail because of two major reasons:
They can’t plan how long you are going to live
They can’t guarantee you what return you are going to get
The NY Times just published this article about how the U.S. is on track to add $19 Trillion in new debt.
Changes the way you look at “trillions” that politicians just throw around.
So what does that mean for your personal situation?
How will you handle and plan for tax increases?
How will you deal with more inflation/devaluation of the dollar because of debt creation?
How will you at the same time grow your money and deal with market downturns and volatility?
All of these plus many other factors are a key reason you might need to hedge your asset positions now in order to prepare to come down that mountain called ‘retirement’ safely.
I don’t want you to end up with a sprained wrist or worse that ruins your happiness and peace in what could be the best and most fulfilling years of your life.
If you need help navigating the path down the mountain, please reach out and let me know how I might be able to help.
