June 2016 | Page 80

BE PREPARED TO GO THE DISTANCE by Ellen Rogin, CPA, CFP® W hile training to run in the Chicago Marathon (I’ve done this six times over about thirty years), it’s occurred to me that preparing to run 26.2 miles is a lot like preparing for retirement. Preparation, focus, discipline, and a plan are all important. You can do it on your own or with a team of other runners for support. There are also training fundamentals, which are important for both marathon runners and people wanting to retire comfortably financially. HAVE CLEAR GOALS Some marathon runners set a goal of crossing the finish line, others try to beat their last bes t time or qualify for the Boston Marathon. The first time I ran, I just wanted to finish the race, which I 80 | Eydis Magazine did, but it was a miserable experience! The next time I ran in a marathon, I set the goal to finish and have fun. I was able to do this. At the starting line, I met a great woman from Madison, Wisconsin who kept me company the entire run. We talked until we were too tired to talk any more. I realized though that training for the race was really lonely. It takes a lot of time on the road to get ready to run 26.2 miles, and doing it alone can be pretty boring. Ten years later when I regenerated my motivation to run that far again, I decided to join a running club. The entire experience was a lot more fun and with the support of a coach and other runners I was able to be a smarter runner. Clarity on what I really wanted from the marathon experience helped me to reach my real goal. When planning for retirement, the clearer you are about what you truly desire in your retirement the more likely you are to reach your goal. Many people set a goal similar to “I want to retire at 65.” This is akin to me saying I want to cross the finish line. What do you really want retirement to