Like a lot of people growing up in rural Iowa, I did not play soccer nor do I know much about it. Given my lack of soccer knowledge, I was surprised at how excited I was watching the U.S. soccer team work their way through the group stage of the World Cup and into the “Round of 16” – terminology I did not know a month ago. I watched some of every U.S. game and was on the edge of my seat, cheering like a lifelong soccer fan during the final minutes of their last game against Belgium. I thought my interest in soccer would last through the rest of the World Cup and continue after it was over. That was 3 weeks ago, and I haven’t watched another soccer game since the U.S. lost. I probably won’t give it much thought for another four years until the next World Cup. Whether it was replaced by work, family activities or golf, I was surprised at how quickly my interest faded.
I think you can make some comparisons to how we plan for our financial future. Every few years, we might be excited about the idea of retirement and start to plan for the future, but very quickly we get busy with work, kids’ activities, etc. and before you know it, years have gone by and we haven’t thought about what has changed in our financial life.
In that length of time, your “goals” might have changed, so it’s important to review your “game plan” more frequently to make sure you’re still on track. If you would like some help, seek the guidance of a trusted financial advisor who can work with you (ideally, more than once every four years!) to make sure you’re headed in the right direction. Odds are, it won’t be as exciting as the U.S. game against Belgium, but it will be well worth your time.
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