Think Strategically, Act Tactically  

Think Strategically, Act Tactically 

EP 07. Think Strategically, Act Tactically    The Retirement Rabbit Hole

What is strategy? 

A strategy is a plan to achieve your long-term goals under conditions of uncertainty. Your strategy outlines your path toward achieving your mission. Your strategy should involve research, planning, and internal reflection. 

What makes a good strategy?

  • It reflects your core values and is actionable.
  • It aligns daily activities and decision-making with your overall goals. 

What are tactics? 

  • Tactics are concrete steps that describe how you’re going to achieve your strategy. 

What makes a good tactic?

  • A good tactic has a clear purpose that helps your strategy.
  • It has a finite timeline where specific activities will be completed, and their impacts measured.

How they interact: 

Strategy and tactics should work together to achieve your goal. It’s much easier to adjust tactics and course-correct than it is to overhaul your entire strategy.

Measuring what matters:  

  • What are the key performance indicators (KPIs) you are using to determine the efficacy of your strategy?
  • Is there a benchmark to compare yourself to?
  • If your KPI is consistently lagging, what steps will you take to correct this?
  • Are your tactics being executed?
  • Is the person assigned the task doing what they need to do?
  • Are the tactics helping you execute your strategy and thus helping you to achieve your goals?   

How does this relate to your retirement?

Most people have a goal of having a successful retirement. They don’t really plan out how they are going to achieve this, but rather piece together tactics as they go. Without a long-term vision and KPIs to measure the progress you won’t know if you are on track or if you need to make course corrections.

This leads to reactions to short-term events that could lead to long-term outcomes that may not be desirable. We tend to find people who have a plan, follow a process, think strategically, and act tactically, more successful over time.

Success means different things to different people and when you set your own benchmark for success, happiness will follow.   


Feel free to email us at info@westernreservecm.com with any questions you have. If you would like to schedule time with us to discuss your specific situation click here.


Gage Paul, CFP®, RICP®, EA
Gage Paul, CFP®, RICP®, EA

Gage Paul is an investment advisor at Western Reserve Capital Management. He works with the firm’s clients to create sustainable financial plans and investment strategies.

If you liked this post, you can subscribe down below. 👇👇


Join the Western Reserve Capital Management Newsletter