Are you someone who checks the weather all the time?  What about the news?  Does the next, new round of tariffs cause you to worry?  What about the mid-term elections or our President’s daily Twitter activity?

Here are some things you might worrying about when it comes to your retirement portfolio:

  1. How much you spend.
  2. How much you save.
  3. When you would like to have the choice to quit working.
  4. Where the economy has been, where it’s at, and where it might go from here.
  5. Where the markets are, where they’ve been, and where they may go from here.
  6. Who your President is, or which parties control the House and Senate and how different combinations affect our money.
  7. Domestic concerns, both financial and otherwise (i.e. – Tariffs)
  8. International concerns and geopolitical threats.

All these variables above encompass a good portion of the potential outside forces that can derail a retirement plan, but the only ones that really matter are the first three because they’re the only items that you can truly control!

Sure, the market is important, as is earning a decent rate-of-return to overcome inflationary pressures, tax costs, and of course, the withdrawals you’ll take to supplement your social security and/or pension income.

I often hear investors rattle off their worries when in reality, all these anxiety-provoking fears are things they cannot control.  In many cases, many of these goodhearted people are the same folks who either spend too much or save too little (or both!).

If you’ve ever run a race (whether it’s a 5K or a full marathon), you know how annoying it can be if the wind is blowing in your face!  Conversely, it sure is nice whenever the wind is at your back!

Consider the following for a minute:  The wind represents the economy, the markets, and the news.  The finish line represents your retirement date while your spending and saving represent how much work your legs do throughout the race.  Which of these factors do you think you should worry most about in your race against time?!

Life can freak us out and there is no shortage of worry in the world.  So map out your retirement plan, and then simply put one foot in front of the other.  If this is where you focus your mental energy, you have a much better chance of making it to the finish line!

I hope you have a relaxing, LONG holiday weekend!

Till next time…

Adam

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* Adam Koos, CFP® is a CERTIFIED FINANCIAL PLANNERTM  Professional, as well as president and portfolio manager at Libertas Wealth Management Group, Inc., a Fee-Only Registered Investment Advisory (RIA) firm, located in Columbus, Ohio.

 The opinions mentioned in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. To determine which investment(s) may be appropriate for you, consult your financial adviser and strongly consider interviewing a fee-only financial advisory firm, prior to investing. Past performance is not guarantee of future results. Economic forecasts set forth may not develop as predicted. The views and opinions expressed in this commentary are those of Adam D. Koos, CFP® and do not represent the views of TD Ameritrade Institutional and its affiliates. Investing involves risk including loss of principal.