What is Empowered Retirement Planning?
Empowered retirement planning is a phrase we use at Kohota. What does it mean? We like to say it describes the process where you take ownership of the outcome of your own retirement planning, including:
- Setting your goals by understanding where you are today and where you want to be in the future
- Improving your financial literacy
- Controlling your mindset
- Understanding the fees you’re charged
- Having a better understanding of the return on your investments
An empowered retirement doesn’t mean you do all this alone. You will receive help from all the usual sources: financial advisors, employers, friends, etc. Empowered individuals work with these professionals to make sure they are working toward a retirement that fits their needs.
That makes sense – how do I do that?
Kohota will help you through the process with tools and resources to give you the knowledge and advice you need to take control of your retirement plan. We give you step by step guides and information to help you through the process.
Why Empowered Retirement?
There is a lot of data out there that shows there is a disconnect between retirement planning and the outcomes that people want and expect. The data suggests that people aren’t thinking about their retirement goals early enough. Once they start to consider their goals, it is too late and people are forced to settle for a less than ideal retirement or worse – delaying their retirement timeline all together.
At Kohota, we think that needs to stop! We believe the key is helping future retirees take ownership of their retirement and prepare ahead of time.
We don’t plan anything else in our lives the way we plan retirement. We set a dollar amount and a date and once we reach it we retire. Very little thought goes into what we actually want to do until closer to the retirement date or after it all together. But that doesn’t help us properly prepare.
In contrast, think about the way we plan for vacation. We decide months or even years in advance where we want to go, who we want to go with, and how we want to get there. We can then properly prepare – we can make sure we have money to go, we have invited the proper parties, and we even have the right clothing packed in our suitcase. If you planned your vacation the way we plan retirement, it could be like packing skis for your beach vacation.
At Kohota we want to empower you to answer the who, what, when, where and even why of your retirement. Then, and only then, we’ll help walk you through the how.
If an empowered retirement sounds good to you, sign up for a free account to get started today.