You Need Retirement Goals, Ep #138

Podcast Intro:

Do you want to finish your life well? Today in an All-Pro Dad group that I run at my kids’ elementary school we talked about finishing well. I talked about trying your best but knowing you will make mistakes in any sport, instrument, or competition that you are involved in. The key is learning from the mistake and then forgetting about it so you can finish well. If you dwell on your mistakes you will not finish well. What about your life? How will you ensure that you will finish well? To finish well we need to plan well. In the world of financial planning, that means turning our dreams into goals and eventually our goals into reality. 

Podcast Topic of the Day: You Need Retirement Goals

Three Reasons You Need Retirement Goals

1.  Otherwise, it is just a pile of money. People who focus on the dollar amount they have saved and not what they will do with their money have a hard time dreaming. They also have a hard time spending the pile since they spent their whole life focusing on the number.

2.  Goals help you stay MOTIVATED. If you want to finish well, you need motivation. Life is hard and busy so we need to keep our eye on the goals we will finish well.

3.  Goals will determine how much you actually need to save. Maybe you are not saving enough, or perhaps you can afford to enjoy some of life now because you are saving too much.

Tune in and listen to the podcast as I share some of the most common dreams and goals people have in retirement. Listen to the end to ensure you will finish well!

Podcast Closing Words:

We all have a desire to finish well. Once in a while, I imagine myself in my last days. I want to say to myself, “Scott, you finished well.” I want you to say the same thing.

Show Links:

Fortress Planning Group

Best In Wealth episode 137 – Set Up a Budget in 7 Steps

Best In Wealth Episode 134 – The Number 1 Reason You Won’t Reach Your Goals

Podcast Disclaimer:

The Best In Wealth Podcast is hosted by Scott Wellens. Scott Wellens is the principal at Fortress Planning Group. Fortress Planning Group is a registered investment advisory firm regulated by the Securities Act of Wisconsin in accordance and compliance with securities laws and regulations. Fortress Planning Group does not render or offer to render personalized investment or tax advice through the Best In Wealth Podcast. The information provided is for informational purposes only and does not constitute financial, tax, investment or legal advice.

Thanks for listening

About the author, Scott Wellens

Scott Wellens, CFP® is an investment advisor and founder of Fortress Planning Group. After earning his Bachelor of Science degree from the University of Wisconsin-Oshkosh, Scott quickly ascended to become a Vice President of North American Sales at a major regional provider of telecommunications infrastructure. While financially successful in this role, Scott searched for ways to pursue his passion related to financial literacy and providing financial freedom for both his own family and others. During his search, Scott became curious about the significant gap he found in the financial services sector: he was unable to find a comprehensive financial planner that maintained a family stewardship lens without being attached to financial products. Scott decided to fill that gap by creating his own planning firm that maintains a strong passion for comprehensive, unbiased wealth planning that is genuinely client-centered.

Scott resides in Menomonee Falls, WI with his family. He is the father of three active and independent daughters who keep him on his toes. Scott is an active community member, serving on the Hamilton Education Foundation Board, serves as a Dave Ramsey Financial Peace facilitator and leads the All Pro Dad’s group at their local elementary school. Scott enjoys spending his free time visiting state parks with his family, reading, and watching the Milwaukee Bucks and the Green Bay Packers win ball games.

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