“RETIREMENT: POOR DECISION-MAKING SKILLS LEAD TO DISASTER”

I have mentioned in prior posts that the person looking forward to retirement and/or the person already in retirement needs a “Retirement Team.”  (Retiree, attorney, CPA, and financial advisor)  This team must possess good decision-making skills and work together to achieve the goals of retirement.  This is an  ongoing process in developing a retirement plan with the flexibility to make adjustments to assure the goals are met and the retiree will be able to remained retired.

The following are a few of the decision-making skills:

  • Maintain a vision of the big picture.
  • Gather all the information possible.
  • Listen to those closest to the situation.
  • Narrow the best options.
  • Imagine the outcome of the best options.
  • Note the ramifications to the decision.
  • Make choices based on the following criteria:

* Which best achieves the goals?

* Which benefits all people involved?

* Which aligns itself with the mission to be accomplished?

Retirement doesn’t just happen!  If goals are not determined and formalized into a plan, it is very improbable to realize when and if they are achieved.  There are no “cookie-cutter” plans to adopt to achieve the results you desire.

Put your team together and be able monitor the progress as you look forward to retiring and remaining retired.  During this monitoring process you will be able to make the necessary adjustments due to changes in circumstances and the “ups and downs” of the  economy.

Visit my website listed below and complete the “contact” information.

http://burrowsfinancial.thebetterretirementplan.com

*****

(Jeremiah 40:5-41:2)

The Babylonians appointed Gedaliah the governor of Judah and put him in charge of the poor who had not been taken into exile.  But the man failed to develop good decision-making skills.  In fact, he  made one disastrous decision because he neglected to process available information.

What could Gedaliah have done to better approach the decisions before him?

  1. Maintain a vision of the big picture.
  2. Gather all the information possible.
  3. Listen to those closest to the situation.
  4. Narrow the best options.
  5. Imagine the outcome of each option.
  6. Note the moral and  spiritual ramifications to the decisions.
  7. Make choices based on the following criteria:

* Which best reflects the mind of God?

* Which  benefits the whole of the people?

* Which aligns itself with the mission you are to accomplish?

Have a great day!

 

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s


%d bloggers like this: