Rockin’ and Rollin’ Your Way Into Retirement

Rockin’ and Rollin’ Your Way Into Retirement

One of the most recognizable tunes of the early classic rock era is Buddy Holly’s “Not Fade Away.”  It was recorded in 1957 as the B-side of the hit “Oh Boy.”

The original 45 record is attributed simply to The Crickets as Buddy’s star was still on the rise at that time. Just a few years later The Rolling Stones chose it to lead off their first U.S. album.  And the Grateful Dead performed it more than 530 times. The uncharted B-side “Not Fade Away” is listed by Rolling Stone magazine at number 107 on its Top 500 Songs of All Time List.

As a financial advisor, I can say with a high degree of confidence that “Not Fade Away” could well be the anthem for the Baby Boomer generation (of which I’m a member).  What makes my job fun is that most of the Boomers I’ve worked with are not planning on fading away in the sunset of old age. They want to keep on rockin’ rather than sitting in a rocking chair

You Can’t Always Get What You Want – Or Can You?

How to begin the retirement planning process?  When I’m asked that question I have one simple answer with three parts: Let’s figure out what you’re trying to do, how long you want to do it, then I’ll analyze your financial assets to determine if you can afford it.

Of course there’s more to the planning process than that, however, as an advisor, I don’t recommend getting too deep into the planning process until those three things are reasonably determined.

When to start planning?  If I had to choose the most meaningful word in retirement planning it would be the word time.

 Remember the early Rolling Stones hit “Time is on My Side?”  The first line goes, “You’re searching for good times, but just wait and see…”  Well, if you’re searching for good times in retirement my advice is to start planning now.

 I have a little saying that goes: it’s never too soon to begin and it’s never too late to start over again.  It never hurts to sit down and talk with an advisor regardless of your age or situation.

There’s another classic rock tune that I use to remind my clients and myself about the value of time.  It’s “Time Won’t Let Me” by The Outsiders. It begins “I can’t wait forever even though you want me to…time won’t let me wait that long.”

None of us want to run out of money in retirement but most surely we will all run out of time.  Don’t “wait forever” to do the things you plan to do. The rate of return on waiting too long is always zero.  Remember the money can be replaced. The time can’t.

Having a plan can give you the confidence to enjoy life to its fullest extent and “Not Fade Away” in retirement.

Danny Smith is president of Daniels Financial Group, Inc. of  Sheffield Village. He’s the author of “The Baby Boomer’s Guide to a Rockin’ & Rollin’ Retirement.” His website is

He offers securities and advisory services through Mutual of Omaha Investor Services, Inc. member FINRA/SIPC.  Daniels Financial Group, Inc. and Mutual of Omaha Investor Services, Inc. are not affiliated.


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