PART 3 OF 3: Money Management To Create The Retirement Of Your Dreams

When did you last sit with an expert to review your retirement plan?

What’s your strategy for handling major expenses or life-changing events as they come up?

Do you feel confident that your retirement plan accounts for inflation, market fluctuations, and unexpected costs?

Hi there, I'm Jason Bergquist, the owner and founder of RetirementOfYourDreams.com.

I'm thrilled to kick off Part 3 of our 3-Part series, "Money Management to Create the Retirement Of Your Dreams" ....

Step 9 of the Retirement Of Your Dreams Blueprint is Money Management, where we take everything we've done and implement Steps 1 through 8.

In this final part, we’ll focus on regular financial reviews and consulting an expert during life-changing events.

These actions serve as your safety net in retirement planning.

Ask yourself: Do you currently have these safeguards in place?

Discover the essentials of effective Money Management:

1. When was the last time you spoke to your retirement expert? 

2. What life-changing events might be in your future, and what should you be doing or focusing on

3. Are there any significant expenses likely to sneak up on you?

If you missed Part 1, click HERE, or Part 2, click HERE to catch up ...

Throughout this series, our goal has been to provide practical insights and expert advice that empower you to fulfill the retirement of your dreams...

... and instill a sense of confidence and control in your financial future.

Whether you're just starting your retirement planning journey or looking to refine your existing strategy, I invite you to join us as we embark on this journey together.

The Retirement Of Your Dreams awaits...

... and we're here to help you make it a reality!

If you're ready to take the next step toward achieving the Retirement Of Your Dreams, contact us today.

Before diving in, let me introduce myself if we haven’t met yet.

I'm Jason Bergquist!

For over twenty years, I've been dedicated to helping individuals and families navigate the markets' ups and downs to create the Retirement Of Their Dreams.

My mission is to educate and empower people...

... to provide them with the tools and knowledge needed to design the retirement they’ve always envisioned. I aim to bring hope and clarity to their financial journey.

I found my calling in 2010 during a difficult time in my life. Going through a divorce and facing financial struggles, I realized I wasn't practicing the principles I was teaching others.

I committed to change, dedicating myself to practicing what I preached. I became an Independent Financial Professional...

... and a Certified Financial Fiduciary.

This journey has given me the experience and insights to prioritize my client's best interests.

Today, I lead a team of experts focused on empowering you to create the Retirement Of Your Dreams.

Now, let’s jump into the details of Part 3, "Complete Money Management Blueprint: Preparing for Life’s Unexpected Turns in Retirement."

Let’s dive right in...

Your retirement expert is your trusted guide, helping you navigate the complexities of managing your finances for retirement.

In the previous video, I mentioned the importance of having a Distribution Expert who focuses on managing and utilizing your savings during retirement.

That’s exactly who I’m referring to here.

Most people are familiar with their Accumulation Expert, who helps them grow their savings over the years.

But once you transition to retirement, the game changes.

For some, their "expert" may be their spouse, a family member, or even themselves during a self-review.

But if you’re not actively working with someone specializing in retirement planning, now is the time to consider finding the right partner to help guide you.

At Retirement Of Your Dreams, we believe it’s essential to establish an ongoing relationship with a dedicated expert.

These reviews check if everything is still on track or adjustments are needed.

Sometimes, it’s as simple as a 5-minute phone call:

“Nope, everything looks good. Everything’s in place. Let’s connect again next year.”

Other times, it requires more detailed conversation.

• Which income source will we turn on this year?

• Does it make sense to wait until after your birthday?

• Is your spouse retiring this year, and how does that affect the plan?

These annual reviews ensure we manage your retirement plan proactively and adapt to any life changes.

But here’s the truth: I don’t always know what’s happening in my clients’ lives.

That’s why I emphasize the importance of open communication.

I encourage my clients to contact me if they have questions about their financial plan or if life throws them a curveball that requires tweaking their strategy.

Let’s talk about life-changing events.

These are usually the big milestones that require a shift in your retirement strategy.

Sometimes, they’re planned, like when you or your spouse retires ...

... and other times, they catch you by surprise.

If you’re preparing for a major life change, it's critical to proactively contact your Retirement Of Your Dreams Expert.

It allows us to adjust your plan and ensure everything is ready when the time comes.
Of course, one of the most significant events we plan for is changing or leaving a job.

But it’s not the only one.

• Getting remarried or going through a divorce

• Welcoming a new child or grandchild into your family

• Major shifts in family responsibilities, like stepping into a caregiving role

• Big purchases, relocations, or unexpected medical scenarios

We want to ensure that your retirement plan is updated and aligned with your goals for every major life event.

When I first met Rhonda, we mapped out a solid plan for her retirement.

We had agreed that, to retire, she’d need to transition her employer plan into immediate income.

But here’s the catch: Rhonda wasn’t sure exactly when she’d leave her job.

She told me she’d call when she was ready so we could finalize the details and execute the plan at the right time.

A few months later, Rhonda called me.

She was ready to retire.

She said, "I’m putting in my notice at work, but I plan to take a month of vacation first. Let’s ensure everything is set up so that as soon as I finish my vacation, we can start turning my employer plan into an income stream."

Because Rhonda called me ahead of time, we had everything in place:

• Her employer plan transitioned seamlessly into an income stream.

• Her Social Security was timed perfectly to start when she needed it.

• She walked away from work, knowing her financial plan was already in motion.

Rhonda's retirement was stress-free because she reached out in advance.

Of course, not all life-changing events are as straightforward as Rhonda’s.

Sometimes, these events sneak up on us.

One week, she’s ready to leave her job, and the next, she’s thinking about staying longer to save more money.

We’ve all been there.

Some days, work feels great ...

... On other days, you count the minutes until you can walk away for good.

The key is this: stay in touch.

Let your Retirement Of Your Dreams Expert know about your plans ...

... whether they’re firm or still uncertain.

This ensures that your plan is ready to execute ...

... and you can move forward with confidence!

And now, let’s move on to significant expenses and how they factor into your plan.

Planning for everyday expenses in retirement is essential, but equally important is preparing for unexpected or significant costs that can arise.

We often focus on ensuring that your fixed income covers regular expenses and bills, and we also set aside plans for fun and exciting opportunities.

• Karen, whom I’ve mentioned before, loves cruises. She’s taken her sister along and used her income streams to make it happen.

• Grandparents often use their funds for family reunions, generously covering travel expenses for the entire family to come together.

These are beautiful experiences, but they’re planned expenses.

However, what about those unexpected costs that seem to sneak up on us?

• Selling a home: Repairs or upgrades to prepare for a sale can add up.

• Changes in income timing: For instance, your pension may not immediately become an income stream when you leave your job; it may kick in later.

• Life changes: Divorce, marriage, or supporting a family member can lead to unexpected financial needs.

Suppose we don’t proactively plan for these expenses or carefully consider where to pull the funds.

In that case, it can disrupt the distribution phase (the phase where we’re focused on coming down the mountain and ensuring you never run out of money).

One of my clients, Jill, is an excellent example of how unexpected scenarios can impact retirement planning.

Unfortunately, we’re struggling to get clear answers about how her pension works and what options are available.

We’ve put together a few plans to ensure Jill is covered:

• We’ve explored Social Security timing. 

• We’ve identified another income source we can turn on if needed.

But her pension remains a puzzle.

Jill’s employer won’t provide a full breakdown of her pension details until she officially leaves her job and makes her pension choices.

This creates uncertainty because if we don’t have control over her pension's timing or payout structure, we can’t optimize her income.

Instead, her employer or the pension plan might automatically start payments based on their terms, leaving Jill with fewer options to adjust or maximize those funds.

This is why I need you, as my client, to communicate with me as early as possible about potential expenses or life changes.

Even if something seems small or far off ...

... discussing it now allows us to create a plan, minimize surprises, and keep your retirement on track!

“Complete Money Management Blueprint: Preparing for Life’s Unexpected Turns in Retirement,” Part 3 of our 3-Part series, "Money Management to Create the Retirement of Your Dreams."

1. When was the last time you spoke to your retirement expert?

2. What life-changing events are in your future, and what should you be doing or focusing on?

3. Are there any significant expenses likely to sneak up on you?

Are you currently working with a Retirement Of Your Dreams Expert?

If so, reach out when those life-changing events happen or when you anticipate significant expenses.

Having a second set of eyes ensures your plan stays on track.

If you missed Part 1, click HERE, and Part 2, click HERE to catch up!

Our goal is to pull from the right places at the right time ...

... whether reducing taxes, optimizing income streams, or creating financial stability.

So, let’s connect!

Meet with one of our Retirement Of Your Dreams experts to get your personalized plan in
place.

Let’s ensure you achieve the Retirement Income Of Your Dreams and, in turn, the life you’ve always dreamed of living.

By applying the expert strategies and insights shared in this video, you can take meaningful steps toward a secure financial future and a comfortable retirement.

We’ll craft a personalized plan tailored to your unique aspirations and goals.

This concludes the Money Management series, but stay tuned for more valuable insights coming your way next week!

As we wrap up this series on creating the Retirement Of Your Dreams, one thing is clear:
Meticulous planning and expert guidance are essential for a worry-free retirement journey.

The time to plan for your retirement is now!

Don’t wait for a medical crisis or unexpected financial challenges.
Take proactive steps today to safeguard your future.

Thank you for trusting Retirement of Your Dreams to be your partner on this critical journey.

I’d love to know your BIGGEST takeaway from today’s video.

Share your thoughts in the comments below!

I’m Jason Bergquist.

And we’re dedicated to empowering YOU to LIVE the Retirement Of Your Dreams!