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Stop Investing in the Rearview Mirror

The biggest mistake most people make is thinking that retirement is too far away to worry about. And then suddenly, it's not so far away and you don't know what to do.

Hi, I'm Bradford Ferguson at Halter Ferguson Financial. And I get it, retirement has always been this target sometime in the distant future. You had things that are pressing on you that always seem to take priority and then one day, you blink, and there it is. Your not so distant future retirement.

Maybe it's a year away, maybe five, maybe it's only six months from now. And you're wondering, what do I do now?

First off, take a deep breath. You're not the only one to wind up in this exact spot. Chances are, you've been saving on autopilot for years with an employer funded 401, or similar. Dutifully letting auto-deposit take care of the saving for you. If this is you, congratulations. Now you need to find out how much you have compared to what you need and how you're invested.

This is a great time to seek outside help. A financial adviser can help you make sense of where you stand, where you are today. You'll also need to figure out how much you can afford to take every month to make your money last. Could working just a little bit longer, or putting off Social Security put you in a better financial position?

A financial plan can help you answer all of these questions and a whole lot more. Just because retirement seems to have snuck up on you, doesn't mean that it's too late.

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