Flat Tires Don’t Have to Derail Your Retirement Lake Point Advisory Group

When you’re cruising down the open road and everything is going smoothly, you’re probably not thinking about getting a flat tire. But, the reality is that it can happen at any time. Do you have a tire jack, lug wrench, and spare tire in the trunk? An under-inflated tire caused by a slow leak can be a dangerous issue if left unattended. Getting stranded without the proper equipment isn’t much fun either. Just as it’s important to take care of these kinds of issues with your car, it’s important to be prepared for adverse financial events.

What would happen if you were out in the middle of nowhere and got a flat tire? The way life goes, odds are the next time it happens, it’ll be on the way to the airport or an important business meeting. If you’ve got your tool kit ready, then in the worst-case scenario, you’ll arrive a little late. But what if you get a flat and discover you have no tools and no spare? That could mean missing your trip or having to cancel your entire afternoon as you helplessly wait for the tow truck to arrive. The difference between these two scenarios comes down to one word: preparation.

Just one unexpected hitch in your plan, like a flat tire, can throw off an entire day if you get caught unprepared. Imagine what would happen if one unanticipated issue threw off your retirement plan or put your nest egg in jeopardy. Being unprepared for changing market conditions can potentially wreak havoc on your retirement plan, so it’s important to understand if you’re taking too much risk with your portfolio. But just like with a flat tire – if you’re prepared, you won’t panic. If you’re not prepared, though, and you realize it too late, it could be a different story.

If the open road is in your future this summer, you’ll likely be prepared for a flat tire. Why not make the same effort to prepare for the next market drop, recession, or other retirement threat? In the end, it’s all about preparation. It’s better to go through life knowing that you’re the kind of person who is prepared for the occasional flat tire life throws your way.

We aim to help our clients achieve their retirement goals with our comprehensive retirement planning process. If you want to learn how to be prepared and have your own comprehensive retirement plan, then schedule a time to meet with us. In the end, don’t let something like a flat tire derail your retirement. And remember, with a little planning and preparation, you’ll be ready for your big retirement road trip. Click HERE to sign up for a time to meet us at LakePoint Advisory Group.

Lake Point Advisory Group is a tradename. All services provided by Lake Point Advisory Group investment professionals are provided in their individual capacities as investment adviser representatives of Mercer Global Advisors Inc. (“Mercer Advisors”), an SEC-registered investment adviser principally located in Denver, Colorado, with various branch offices throughout the United States doing business under different tradenames, including Lake Point Advisory Group.This material is provided for informational purposes and is not an offer to sell or a solicitation of an offer to buy an interest in any security or to engage in any investment strategy. Such an offer may only be made at the time a qualified offeree receives a confidential private offering memorandum or other appropriate disclosure. This report is intended as a summary; it does not purport to be complete. Information contained herein is believed to be accurate and/or derived from sources which we believe to be reliable; however we do not warrant the completeness or accuracy of such information. Opinions expressed herein do not necessarily reflect those of Lake Point or Mercer Advisors. You should not construe this presentation or any other communication received in connection with Lake Point as legal, accounting, tax, investment, or other advice. You should consult with your own counsel and advisors regarding such matters. Past performance is not necessarily indicative of future results. No representation is made that any investment will or is likely to achieve the same or similar results in the future. Investments cannot be made in an index. Alternative investments are subject to greater risks than those associated with traditional investments and are not suitable for all investors.