Retire VA 23 - 6

The Right Way to Retire
WRITTEN BY DAN SMITH
There are a lot of right ways to do it, but waiting
until the last minute is probably not among them.
T
he question is simple: " Is it
ever too late to start financial
planning for retirement? " The
simple answer: " Depends on
who you ask. "
Gretchen W. Beedle, financial advisor
with the Conner Group in Vinton, states
what is obvious to professionals, but not
always obvious to the public. " While it is
never too early to start planning for your
retirement, the longer one waits to get
started, the fewer options you will have as
you approach that switch from working to
true retirement. "
6 Retire-VA.com / RETIRE-VA 2024
Andy Hudick of Fee Only Financial
Planning in Roanoke breaks the question
down even further: " Sooner is better
but doing something now is better than
nothing at all later. "
" There's always hope, " says John
Hall, President of Lynchburg Wealth
Management. " If you feel hopeless, reach
out to someone who's been there or
someone who may be more familiar with
tools and strategies available to you. "
Retirement plans, of course, are all over
the board. Consider these:
Serial entrepreneur Bonnie Cranmer
says that " for me, planning was minimal,
other than Social Security and continuing
to sell vintage goods online. What shifted
was a need for community. " Her friend,
Tami Quesenberry, with whom Cranmer
had a business 20 years ago, felt the same.
" Many who retire after having an active
business and social network feel that loss.
Tami retired after 15 years at Virginia Tech
Veterinary Services and wanted to have a
shared space for creative endeavors as an
experienced landscape and floral designer.
I wanted to share vintage goods and
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Retire VA 23

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