How to Use a Retirement Accountability Partner

Step-by-Step Guide

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   Step 1: Be as available as possible in the area of finances to each other at the time that you're needed.

   You may want to commit up to 15% of your income to retirement for 20 or 30 years which will be tough to do.
   
   An accountability partner can help hold you to your commitment.When a rough rising and falling market makes you uneasy, he or she will be there to encourage you to stick to it. , Maybe you're thinking you have extra income to buy a bigger, more expensive house with all of the payments and interest for many years.
   
   He/she should be excited for you, but shouldn't let you get carried away before suggesting to "think it through".
   
   How will it affect your investing for the next few or even many years.
   
   Review your goals and make sure a new house fits into your plan without threatening your goals of paying off debts and being in solid financial shape long before reaching retirement age. ,, Consider a licensed, or certified investing professional as a good choice for a retirement accountability partner because you may:
   Trust one with your financial information portfolio and not fear one's being envious or overly competitive with you.
   
   Expect comprehension of your retirement goals and appreciating your commitment to reach them.
   
   Find a pro willing to take the time to learn about your situation, track and discuss your progress.
   
   Receive help to resist flimsy excuses for backing down from your commitment to reach your retirement goals.
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   Step 2: Schedule regular planning and reviewing times.

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   Step 3: Have goals and a plan to reach them.

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   Step 4: Push each other to learn

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   Step 5: advance and work harder than you would on your own.

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   Step 6: Help each other overcome challenges or set-backs (help finding answers).

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   Step 7: Refuse weak excuses for skipping a planning and reviewing session

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   Step 8: or falling into bad habits.

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   Step 9: Get help for the "long haul" in saving for retirement consistently over the long-term.

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    Step 10: Tell your accountability partner

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    Step 11: if you get a promotion and a raise.

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    Step 12: Work together and learn from each other; you'll both be more likely to stick to your plans and reach your goals.

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    Step 13: Choose an accountability partner who

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    Step 14: ideally

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    Step 15: has some success and good experience in investing.

Detailed Guide

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