The story of “The Tortoise and the Hare” is one everyone knows. Trying to race to the finish line can be problematic if you aren’t careful.
The same analogy can be said about retirement, according to Jacobs Financial Services.
They say there are some key things to consider before you cross the finish line to retirement. CEO Tom Jacobs and director of communications Terri DeBoer appeared on “Live In The D” to share four things you should consider on the race to retirement.
- Slow and steady can win the race. If you’re trying to make too much money too quickly in risky investments, you run a higher risk for a bad outcome, according to DeBoer.
- Lower your risk in your race. The safer you are in your investment, the better your outcome at the end, according to Jacobs. “We position our clients’ money in safe places,” said Jacobs. “Typically insurance based products, we love fixed index annuities, because with fixed index annuity your principal is 100% safe. If the market craters, you keep all of your money.”
- Get the right keys to success. Following the right advice to win the race to retirement is key. DeBoer and Jacobs spoke to his book “Retirement Domination” as an outline of what can be done to put yourself in what they say is the best retirement position.
- Know your cost to win retirement. DeBoer and Jacobs explained how they offered their services at no cost clients.
To learn more about how Jacobs Financial Services can help with your retirement planning, click here.
You can learn more about having a successful race to retirement by clicking the video player above.