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Strategy Without Tactics

Good Luck and Godspeed – No. 4

Good Luck and Godspeed

Montgomery Wealth Advisors

Welcome to Good Luck and Godspeed, a weekly dose of rational optimism.

It represents my desire to provide you, my healthcare leader readers, with something interesting, helpful, and not necessarily healthcare-related.
If you love it, please let me know and consider sharing it with your peers.


“Strategy without tactics is the slowest route to victory. Tactics without strategy is the noise before defeat.”
– Peter Attia, Outlive

Wishful Thinking?

“My doctor told me to stop having intimate dinners for four. Unless there are three other people.”
– Orson Welles

Recommended Reading

I've heard Peter Attia on a few podcasts over the years, so when his book, Outlive, was release last year I grabbed the book.
I won't lie. The first half of the book was such a slog that I put it down for months. I'm no doctor, so the much of the terminology was over my head. But thankfully I picked it up again; this time via audiobook. And boy am I glad I did.
I told my wife this week, "I think this book may change the way I live my life." She rolled her eyes – I'm prone to hyperbole. But Attia painted an exciting picture of what could be. What if the health decisions I make now were guided ever increasingly by the life I want to live at 90-years-old? Or ever 100?
Attia uses the framework of the centenarian decathalon. What are the 10 routine activies you want to be able to do at 100? Make your list and train accordingly. One fun side effect, in training for your centenarian decathalton, is you will likely find yourself among the fittest in your age group – 40,50,60+.
Give it a read (or listen). It's litterally never too late to start.

Things to Ponder

As I read Outlive, investing and retirement planning lessons routinely came to mind.
Take a look at the quote above. Couldn't the same be said of your retirement savings or income plan?
Tactics are great. But in the event someone came to me with a beautiful, globally diversified portfolio (this has yet to happen), I would say great, but what's your plan, i.e. strategy.
Portfolios are great, but they are just the engine. You still need the rest of the car for it to take you anywhere.

A Money Thought

Roth IRAs are great. Unlike Traditional IRAs or 401(k)s, where contributions are pre-tax and withdrawals are taxed, Roth accounts grow and distribute tax-free. But as a high-income earner, you are limited from participating directly.
But you might still have options. By making a nondeductible IRA contribution and then converting it to a Roth IRA, you can sidestep these limits.
Beware of the Pro Rata Rule, which can complicate conversions if you have existing IRA funds. Clearing your IRA balance by converting to a Roth or rolling over to a 401(k) (if the plan allows) can help ensure a smooth, tax-efficient conversion. Always consult a financial professional before taking action, but consider if this loophole could boost your retirement strategy.