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Women Outlive Men

This Got Me Thinking…Does Jessica Know How Our Retirement Account Consist Of

I figured women outlive men.  Men take unnecessary risk and can be somewhat reckless.  Men are risk-takers and most would agree that this risk is fun!  The adrenaline rush the reckless risk brings is priceless!  I recall my brief thought of being a bull rider at the age of 23.  That idea lasted for a split second and am grateful it did.

There are the exceptions. My grandfather is approaching 96 years old while my grandmother passed away almost 35 years ago.

According to the Social Security Administration, Jessica is expected to outlive me.  As a result,  I needed  to bring her up to speed on our net worth, asset allocation model, taxes, IRA to Roth IRA conversions, etc.  I typically handle the finances but  needed to immerse Jess in investment terminology and options.

As a Result I Developed a Cheat Sheet To Guide Her

I have put together a guide that I have used to grow our retirement account.  This includes an overview of different types of retirement vehicles, our portfolio and asset allocation model.  I  never imagined a working family is able to retire and make more income while in retirement than working!

The idea of making more money in retirement than in our working years is within reach.   It’s exciting to know that we have changed our family legacy!  The girls will not have to go into debt to pursue their college education or worry about retirement.  And more importantly, Jess will have been educated on retirement.

I Challenge You To Make Retirement a Reality

I share this cheat sheet not to boast but to encourage and motivate you to start or evaluate your retirement strategy.  Trust me, retirement will sneak up on you and you’ll need to be ready.   I believed retirement and investments were for a select people but I have learned to rid myself of that mentality.

It gets easier and easier the more you invest. This has been part of our strategy for over 14 years.  There is no reason that you should not be able to retire.  Retirement is for all.  It does not discriminate or is it exclusive to one social economic group.

How A Masters Degree in Business Did Not Provide the Financial Guidance I Needed

While I am proud of having received an MBA degree I was ashamed that my finances were in rubbles.  The degree taught me how to do great research as many papers were written.  And the personal finances class I might have missed at some time.  I had to learn to manage my personal finances on my own and  at a high expense.

Financial Disruptor

This tagline has brought some healthy conversations.  I believe that anyone can be a financial disruptor.  A disruptor is defined as a person that prevents something, especially a system from continuing as usual.  That usual was our finances. It wasn’t until we started budgeting, eliminating debt, and investing that we disrupted our finances.  Hence the Financial Disruptor.  🙂  I say we because it is a team effort.  Jess, myself, and the kiddos.

Ready to See What We Are Doing For Retirement

The available guide details our portfolio and asset allocation model.  The model is not unique to our financial situation and can be mimicked.  In fact, all asset models can be duplicated as majority of investors place their funds in large capital, small capital, international funds, and stocks. These terms are defined in the reading.

Disclaimer:

I am not a licensed professional. I do play one at the Gallegos’ residence and have done well.  Those are the words of my financial advisor.  You can expect the material you read to be educational, informative, and entertaining.