If you don’t know where you’re going….Submitted by Bellwether Wealth on May 12th, 2017
Baseball (and humorous quote) legend Yogi Berra is quoted as saying, “If you don't know where you are going, you'll end up someplace else.” The truth is, without a roadmap, and a plan, “getting there” is not very easy. (Gorman, 2015)
For an individual to actually "get there" may require some help with navigation. As a young boy, I remember learning to read a roadmap. My family would often travel to Minnesota, usually for a fishing trip. I remember the fun in helping to anticipate the turns on the two-lane highways through lake country, in seeing a road sign, and finding it on the map, and then anxiously calculating miles until we would “get there.” I remember we seldom went to the same place two years in a row. The fishing was usually thought to be better someplace else. So the roadmap was crucial. In those days, long before GPS, without a roadmap, we would never have made it to our destination. It would be easy to get lost without the proper navigation tools.
One concern that we regularly hear form people is one similar to my navigation story, how do I get from here to there—will I be ready for retirement with the day comes, will I be prepared to send my children to college when they are ready to go? Many people don’t have a roadmap for their future goals. They likely have some money saved, and are heading in the general direction they would like to go. Many are putting away a portion of their income in a 401k, IRA, 529, or even savings accounts, but they don’t have a clue whether or not it will be enough. The good news is, with a roadmap, and some navigation assistance, we can figure out where we are, and we can better determine, when we will arrive.
That road map includes
- Your location. Where are you now? What have you saved? How much are you putting away? Are you investing in the right things? do you need to make adjustments?
- Your goals. Where do you want to be? What does your retirement look like? Will you travel? Will a vacation home be a part of it? Will your kids go to private or public college? Will you pay for all or only a portion?
- Your progress. Where are you along the road? When will you get there?
If you are curious about your own journey, we can help. We utilize some of the latest tools to help track your trip to wherever your goals may lead you. If you’re not sure about where you want to go, we can help determine that too. Give us a call or send us an email, and we can help get you on that road today.
Gorman, M. (2015 September 23). Yogi Berra's Most Memorable Sayings. Retrieved May 4, 2017, from http://www.newsweek.com/most-memorable-yogi-isms-375661
Securities offered through Kestra Investment Services, LLC, (Kestra IS), member FINRA/SIPC. Investment Advisory Services offered through Kestra Advisory Services, LLC, (Kestra AS) an affiliate of Kestra IS. Bellwether Wealth is a member of Fusion Advisor Network, a platform of Kestra IS. Bellwether Wealth is not affiliated with Kestra IS or Kestra AS.