Retirement Outlook

Thomas Rowley    
 
The “Secret” of Retirement Planning

Meet Thomas Rowley

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The Secret by Rhonda Byrne is the latest self-help phenomenon. The book has sold more than four million copies, the DVD is a top seller at Amazon.com, Oprah has interviewed the author, and even The Wall Street Journal has profiled the marketing success of The Secret.

The concept asserts that thoughts are powerful and what you think manifests itself in your life. This is the same idea behind Wallace Wattles's 1910 book, The Science of Getting Rich, Napoleon Hill’s Think and Grow Rich (1937), and many others. The “secret” is what Byrne calls the “law of attraction,” or like attracts like. Everything in your life from your job to your relationships to your material possessions—the good, the bad, and the ugly—is there because you attracted it. Whatever your outlook on life, whether it is negative or positive, you will attract more of the same.

Therefore, according to The Secret, when you complain that you'll never get out of debt, the universe will see to it that an unexpected expense will creep up every time you seem close to creating wealth. Of course, the flipside also applies: positive attracts positive. Imagine yourself conquering debt, and you'll find the money to do it. The Secret is all about mental imagery: picturing yourself on the path to having the life you want.

I believe the same thinking can be applied to retirement planning. Many people have not taken the time to figure out what they really want out of life. Because they do not know their destination, they will never reach it. To help get you there, first you must define what you want your retirement to look like. And, along with the positive thoughts you need positive actions. You cannot just picture a million dollars one morning and have it appear that afternoon—it takes focus, practice, and the right actions to fulfill your retirement dreams.

This is where a knowledgeable, experienced financial professional can help. One of the most valuable skills a financial professional brings to the table is the ability to help you identify your goals and apply the numbers to them. In essence, a financial professional will help you take your dream and break it down into a manageable process. A one-on-one meeting is the most effective way to start putting your dreams for the future in motion.

So call your financial professional today and start envisioning your retirement. I believe if you never visualize any of your goals and the material rewards that go with them, you will get exactly what you've wished for: nothing.

This material has been prepared using sources of information generally believed to be reliable. No representation can be made as to its accuracy. The forecasts and opinions in this piece are not necessarily those of Van Kampen, and may not actually come to pass. Information in this report does not pertain to any Van Kampen product and is not a solicitation for any product.


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