Not impact; a "ready" position.

Stand perfectly erect, with knees straight and extend the arms so the club is parallel to the ground; then lower the club to the ground by bending at the WAIST. Bend the knees moderately so you feel “athletic” balance. Remember this is not the impact position- do not put the hands markedly ahead, weight is roughly 50-50 and not driven to the left side, and the hips and shoulders are square not open.