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Swofford Financial

Four Things Retirees Can Learn About Retirement from Peyton Manning

After 18 years in the National Football League, the Denver Broncos’ star quarterback, Peyton Manning, is calling it quits after a very successful career. We wish him well and hope that he’s made the preparations needed to enjoy a long, comfortable retirement.

Here’s the advice we would give Peyton if he were our client and friend.

1. Don’t make any sudden decisions
Many people who come from high-pressure, competitive jobs feel the urge to do something – anything – when they retire. You might be tempted to fill the void by rushing into a new business, partnership, or buying expensive toys or real estate. Don’t just yet.

2. Don’t jump into businesses or investments you don’t understand
Think very carefully before you put your life savings into something you don’t completely understand, especially if the person asking is a friend or relative. You’ve worked hard to get where you are; don’t threaten it by taking too many risks now.

3. Work with a team of professionals
You’re used to working with the best in your business. Expect the same from your financial team. Talk to a lot of professionals, and look for ones who want to get to know you and your dreams before making suggestions, answer your questions honestly, admit to uncertainty, and don’t make a lot of promises.

4. Have a strategy for retirement
Think about the lifestyle you can afford in retirement and making sure your money lasts as long as you need it. Have a strategy for good and bad markets, and remember that long-term investors have to cultivate patience.

How can we help?
Retirement is a challenging transition, and it pays to get it right. We work closely with our clients long before and after retirement to understand their dreams and help create personalized retirement strategies that take them where they want to go. If you or someone you know have questions about retirement, give us a call.

Swofford Financial
306 Prosperity Drive, Suite 101
Knoxville, TN 37923

Securities and investment advisory services offered through Geneos Wealth Management, Inc. Member FINRA/SIPC.

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