Recently, as I meet with clients, I’m seeing a common problem: People need to slow down their financial preparations for retirement.
I believe this is at least partly due to today’s culture of instantaneous information, action and reaction—think texting, Twitter, and Instant Messaging.
Our world is moving faster, and that’s making us prone to make decisions (and take action) in the time it takes to hit the “send” key.
We live in a world where you can deposit a check, purchase a plane ticket, or cash out a CD in the blink of an eye.
However, when it comes to preparing for retirement, I argue that we should slow down and take baby steps.
Adults Taking Baby Steps
For most of us, retirement will be the shortest, most challenging period of our lives. If you’re lucky enough to retire at age 65, you’re looking at an average of 20 years of post-work (and post-earning) life. Emancipation into adulthood takes place at 21—and let’s face it: many of today’s 21-year-olds are not yet living adult lives.Page 1 of 5 | Next Page