The Most Overlooked Flaw In Your Retirement Plan And How To Fix It

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Here's the most overlooked flaw in your retirement plan and how to fix it:

Goal-based planning is profoundly rational, as such it helps many economists sleep well at night, and is often the opening salvo between a financial professional and a client. The problem is that most of us are not that rational. The process is ideal for those who have their car’s next oil change already scheduled, arrive early at their doctor’s office for an annual physical, and have their kitchen spices labeled and arranged in alphabetical order.

For many, if not most of us, life outcomes are often the product of stories that we subscribe to and plan around. Not tales of fiction, but larger social narratives that guide us and tell us what is important. Stories are taught to us by observing the lives of others and reinforced by schools, employers, government policy, movies, advertisers, and even retailers.

 

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like seriously

The most advisable is to continue working part time. Standing still will rust the poor retirees in every way.

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