Retirement lies that we fool ourselves with – Part #2

Retirement lies that we fool ourselves with

Today we will cover how we tend to fool ourselves with sweet little lies like these and how we can avoid falling for them, once we understand where they come from. I’ll spend less when I retire…My taxes will be lower when I retire….What’s the point, I’ll never be able to retire…

Fool – “I can stop investing once I retire.”

With many people spending 30+ years in retirement, your investing days are far from over when you end your working days.   If you quit investing, you can face a great drop in your purchasing power as inflation sets in, or even face running out of money later in life.  One of the biggest risks of the stock market is not investing at all.

“I’ll help my kids pay for college before I retire.”

Always remember that there is no financial aid for retirement.  You can help your children, but make sure you aren’t sabotaging yourself in the process.   While I know student loan debt can be a burden, so is a parent living on their kids’ couch…

“No one really retires anymore.”

I’ve been a fiduciary financial planner for more than a decade and I’ve heard this from quite a few people.   I know many people who love their jobs and will continue working as long as they continue to enjoy it.  If you don’t want to ever retire, still plan for FINANCIAL INDEPENDENCE- essentially the day that work becomes an option.  That way you have the ability to cut back, take the long trips you want and have the funds to maybe even take your career or business in a new path that further stokes your passions.

Planning for a retirement you really want can be tricky. We encourage you to give us a call us today & schedule a complimentary visit. We’ll help with any questions you may have so that your retirement meets your specific needs. You can reach us at 833-2999 that’s 833-2999.


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