Every retirement is unique. An individual’s situation – where they live, their health, their family, their finances, their goals – drives retirement. But, despite being so unique and individualized, fundamental tenants of retirement apply to almost everyone. In fact, the notion that we think we are so unique can be a hinderance to a financially successful retirement.

Perhaps this is best illustrated through the psychological occurrence when people go along with something because they believe everyone else is on board. For instance, when a speaker or teacher asks the room “Are there any questions?” usually no one raises their hand, even if they have questions. Many people don’t raise their hands because they think everyone else understands the topic and they don’t want to hold everyone back. People aren’t mind readers – we don’t have a good grasp of what others are thinking or feeling.

While we might feel our financial situation is unique, in many cases it’s not. When it comes to retirement, we all have a cash flow equation to figure out – what’s our expenses and income need?

Read the full article on Forbes

Share:
facebook twitter linkedin mail print
Share Post: facebook twitter linkedin mail print
Recent Posts
Blog

How to Build Relationships with Your Clients’ COIs that Really Pay Off

By: Scott Ford
How many of your clients work with other professionals – lawyers, insurance agents, realtors, bankers, etc.? The marketing-speak term for other professionals who hold sway in your clients’ lives is “centers…
Blog

The 3 Types of Advisor Bloggers (and the One Thing That Can Make You Better Than All of Them Combined)

By: Zach McDonald
There’s no shortage of financial advisor blogs these days. It seems like every advisor with a website has a blog. But not every advisor is using their blog wisely. As…
Blog

New Partner Firm Announcement: Lions Gate Wealth Management

By: Carson Group
Firm name: Lions Gate Wealth Management Firm location: Wexford, PA Firm size: 9 team members AUM Advisory: $91,740,821 Year founded: 2011 Joined Carson: May 2019 We are excited to announce…
Blog

New Partner Firm Announcement: Lund Wealth Management

By: Carson Group
Firm name: Lund Wealth Management Firm location: Plainville, MA Firm size: 2 team members AUM Advisory: $41,095,502 Year founded: 2006 Joined Carson: April 2019 We are excited to announce Lund…
1 2 3 41