The Window for Big Moves Is Smaller Than You Think
Read Transcript Hide Transcript
[ANDY – Opening]
A common misconception I've seen is that people will make big financial decisions "later."1
After the business is sold, I'll handle that.
Once things calm down, we'll discuss planning.
There's no hurry, right?2
In actuality, the window for making significant changes is smaller than you might expect.
Opportunity doesn't always wait. And timing - especially in the financial world - can make the difference between options and limitations.
[TODD – Middle]
Over the years, I've seen this play out numerous times.
Business owners delay succession planning, and then a health issue changes everything.
Estate planning is put off - and assets end up tangled in unnecessary tax complexities.
Perhaps someone hesitates to act - and the window quietly closes.
In most cases, these aren't worst-case scenarios. They happen in real life, and they happen because people thought they had more time than they actually did.
This point is crucial: don't panic, but make sure that you plan with a purpose during these uncertain times.
The more you plan ahead, the more choices you will have - you'll have the space to make values-driven decisions while still being in complete control of your destiny.
[ANDY – Close]
No matter the distance between now and your big decision now is the time to start making it happen.
Click this link if you want to talk about making the most of your window for big moves, and let's schedule a time to speak.
1Franck, T. (2024, March 5). How investing earlier may help younger workers avoid a retirement crisis.CNBC.https://www.cnbc.com/2024/03/05/how-investing-earlier-may-help-younger-workers-avoid-retirement-crisis.html
2Doonan, D., & Kenneally, K. (2024, February).Retirement insecurity 2024: Americans’ views of retirement. National Institute on Retirement Security.https://www.nirsonline.org/reports/retirementinsecurity2024/