Archive for June, 2017


June 13, 2017

In my last blog I mentioned “putting it all  together”  in woodworking and/or building a retirement plan.  The finished retirement plan is much like the finished plan of a woodworking project.  In both cases, the outside represents the finished project.  Therefore, in order to have a successful plan, we cannot begin with the outside.  We must start and build from the inside to the outside.

Unpainted Jewelry Cabinet

When we begin “putting it all together,” we start to see how all the parts work together as we examine the framework of the plan.  As we build from the inside to the outside, can easily see that more work is needed to develop the plan.  In the case of a woodworking plan, it is much easier to apply paint during the development stage.  It’s difficult to paint all the nooks if you wait until the project is finished.  So,  a little paint is needed before the inner parts become difficult to reach.

Painted Jewelry Cabinet

In retirement planning the development stage is called “the accumulation period.”  A woodworking plan can be finished in a short period of  time, but “giving attention to the  inside” of a retirement plan is continuous during the accumulation period until the desired retirement age is reached.  Great care and attention to the working parts of a retirement plan is  important not  only during the accumulation period, but during retirement to make sure the retiree is able to remain retired.  A retirement plan must not be so rigid that it doesn’t have the flexibility to make adjustments as economic and personal circumstances change.  I call this “liquidity management.”  This is the ability to take advantage of opportunities during the  accumulation period.

In retirement planning, many people “put off until tomorrow what they should do today.”  Procrastination is the worst enemy of the person wanting to retire some day.  Many believe that retirement will take care of itself because they will have Social Security Benefits.  Social Security Benefits are meant as supplementary income for what is accumulated through saving for retirement.  If you are depending entirely on Social Security Benefits, you need to visit my website and complete the Contact Form.  This is one of those “don’t put off until tomorrow what needs to be done today” actions that will start your plan for retirement.








June 8, 2017

My approach to retirement planning is very similar to “putting it all together” in planning a woodworking project.  First, it’s essential to have a vision…what is the goal and how do you obtain it.

Once you  have the vision, it’s time to get excited about planning for the end results.  With retirement planning, what are the current resources and what will be needed to reach retirement and remain retired.  Many people, without proper planning, reach the age of retirement and discover their retirement planning should have included a lot more “putting if all together.”  

“Putting it all together” is not a one-time thing.  From the beginning of your planning, it’s necessary to always be “putting it all together.”  This is where retirement planning and planning a woodworking project differ.  During the accumulation period of prior to retirement, it is necessary to periodically “tweak” your plan to meet your goal due to unforeseen events not considered at the onset of your plan.


The furniture project I am working on currently required a little “tweaking.”


When sanding and sizing the pieces for the drawers, I discovered that I had not followed the rule for measuring and sawing.  Out of the  32 pieces for the eight drawers, one of the drawer fronts was cut 1″ to short.  I am reminded of measure twice and cut once rule (even better is measure 3 or 4 times and cut once).  This came during the “putting it all together” phase of my project.  When working on a project without a detailed plan, it is necessary to draw my own plans.  I have found that on most projects it is better to NOT cut all the parts in the beginning.  This is an opportunity for disaster.  If, in drawing the plan, one measurement is wrong brings on a lot of heartache.

The error in my measuring and sawing mentioned above, is the reason I never use a “cookie cutter” retirement plan….once plan fits all.  When there are no provisions for a change in goals and circumstances, with the flexibility to allow “tweaking,” makes the plan subject to disaster and a short-fall when the age of retirement comes.  It may be necessary to delay retirement and/or find a source of supplemental income.

My goal for clients is to assist them in reaching their retirement goals and being able to remain retired.

visit me website and complete the “Contact” form and I will contact you immediately