Cortburg Speaks Retirement

6 Tennis Tips for Retirement

• Miguel Gonzalez, MBA, AIF®, CPFA®, CRC® • Season 2023 • Episode 148

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Cortburg Speaks Retirement - episode #148: 6 Tennis Tips to Help Make Your Retirement a Grand Slam / Investment in Stock Market, Financial Planning, Retirement Planning, Money Management

In this audio podcast episode, Miguel Gonzalez shares 6 tennis tips to help make your retirement a Grand Slam.  Prepare yourself for peak performance during the game of retirement by trying some of these tennis tips.

Welcome to Cortburg Speaks Retirement Podcast
with Miguel Gonzalez, MBA, AIF®, CPFA®, CRC®

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INTRODUCTION

Welcome to Cortburg Speaks Retirement

An audio podcast about investing in the stock market, financial planning, money management and retirement planning.  Each Wednesday, we help investors at all stages of life learn how to potentially grow and preserve their money from first job through retirement.

Now here is your host, Miguel Gonzalez.

 

HOST

Good morning and welcome to the CORTBURG SPEAKS RETIREMENT audio podcast.   

On this week’s audio podcast, I share 6 tennis tips that can help make your retirement a grand slam.

Whether you make tennis one of your leisure activities during retirement or just enjoy watching the sport, you may not realize that the same strategies used in a tennis match may also translate into retirement. Prepare yourself for peak performance during the game of retirement by trying some of these retirement tips.

1. Singles or Doubles

Before starting any tennis match, you must determine whether you plan to play the game alone or with a partner. Do your retirement goals only apply to you or also a spouse or significant other? If you plan to have a partner for retirement, do they have their own retirement savings, or do you both need to live off the same savings? Even if you are currently single but plan to share your future retirement with someone, it is crucial to factor that into your retirement equation.1

2. You Must Hold a Serve for a Break To Count

Making an excellent investment may feel like you are winning the game, but that victory might be short-lived if you follow it with a bad investment. Continuing to make well-researched and wise decisions is one way to work towards making confident investments.

3. Always Go for the Aces

Just as in tennis, going for a quick gain might help you win your retirement goals. If your employer offers a 401(k) plan with a sizable percentage for its employer match, investing your money in that way may help it grow quicker.2 By simply investing in the employee program on each paycheck, you may get closer to your savings goals.

4. Diversity May Salvage Unforced Errors

Even the greatest tennis players may experience unforced errors in their careers, and even savvy investors make mistakes. By diversifying your retirement portfolio, you may offset these bad decisions.1 With this strategy, your entire retirement does not end up in jeopardy because of a single bad decision.

5. Choose the Correct Court

While skills play a crucial role in tennis and investing, so does the court you choose to play on. Identifying where to invest your savings for retirement is essential for the diversification of your portfolio. After assessing your current financial situation and retirement goals, a financial professional might help you consider different places to invest.

6. Always Have a Strategy

Those serious about tennis know that developing a strategy is the key to winning a match. Many components are involved in a solid tennis strategy, and many are in a well-developed retirement plan. Tennis players research their opponents and practice their serve, forehand, and backhand before stepping onto the court. Before retirement, you should be sure to do research on your future financial needs and put in place insurance plans, withdrawal strategies, and estate plans.1

Just like great tennis players have coaches, great investors seek out the services of financial professionals to help them work towards retiring with confidence. Prepare for your retirement like a pro by using these six tips to develop your retirement plan. 

Make sure to visit our website, www.CortburgRetirement.com. Our site is filled with educational videos, eBooks, publications, and financial calculators designed to help you learn more about your finances.  As you search our site, send us a note regarding any questions you may have about any particular investment concepts or products. We will get back to you quickly with a thoughtful answer.

This is Miguel Gonzalez, Certified Retirement Counselor (CRC) and Managing Partner, with Cortburg Retirement Advisors signing off for this week’s educational podcast.  

 

DISCLOSURES  

Opinions expressed are subject to change without notice and are not intended as investment advice or a solicitation for the purchase or sale of any security. Please consult your financial professional before making any investment decision. 

All performance referenced is historical and is no guarantee of future results. All indices are unmanaged and may not be invested into directly.

This information is not intended to be a substitute for specific individualized tax advice. We suggest that you discuss your specific tax issues with a qualified tax advisor.

CRC conferred by The International Foundation for Retirement Education.

Securities offered through LPL Financial. Member FINRA/SIPC. Investment advice offered through Private Advisor Group, LLC, a registered investment advisor.  

Private Advisor Group, LLC and Cortburg Retirement Advisors, Inc. are separate entities from LPL Financial.

Investing involves risk including possible loss of principal.

·         The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual.

·         Investing involves risks including possible loss of principal. No investment strategy or risk management technique can guarantee return or eliminate risk in all market environments.

·         There is no guarantee that a diversified portfolio will enhance overall returns or outperform a non-diversified portfolio. Diversification does not protect against market risk.

·         All information is believed to be from reliable sources; however LPL Financial makes no representation as to its completeness or accuracy.

·         This article was prepared by WriterAccess.

·         Footnotes

o   18 Essential Tips for Retirement Saving, Investopedia,
 https://www.investopedia.com/articles/investing/111714/8-essential-tips-retirement-saving.asp

o   2Top 10 Retirement Tips For 2022, Forbes,
 https://www.forbes.com/advisor/retirement/top-10-retirement-tips/

 

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Miguel Gonzalez, MBA, AIF®, CPFA®, PPC®, CRC®

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