Mon, 25 August 2014
Setting retirement goals can be a big waste of time.
In my 23 years of advising individuals and families, I've rarely found someone that had clear retirement goals. Guess what? They were still able to live a great life and retire comfortably.
In this episode I'll explore the problems with setting retirement goals and offer a better way to plan.
Retirement Tip of the Week
How to Prepare for the Unthinkable: a House Fire
Recently someone close to me went out for a movie and returned to find their home burnt to the ground. They lost everything, including their dog. In a few short hours they had no home, no clothes, no furniture, no family photos, no records, no nothing.
This is the type of thing that can never happen to us, right? It's the type of thing that happens to "other" people. Think again.
Here are some simple tips to help you prepare for this unthinkable crisis.
Complete a Video Inventory
Back Up Important Documents
Understand Your Home Fire Coverage
After the Fire
Feature Presentation: Screw Retirement Goals, Here's a Better Way
Retirement Goals. In my experience, few people set them and even fewer stick to them over the long-term. Retirement goals are something we are told we need to have so we can plan for them. Traditional planning forces them upon you and then shows you all the saving and sacrificing you'll have to do to achieve them. No wonder nobody plans.
Recently a mentor of mine, Michael Hyatt, wrote a great blog about the problem with the traditional concept of retirement (Why Retirement is a Dirty Word). I agree with him.
If retirement and retirement goals are outdated concepts than how do you plan for the future?
In this episode, I'll explore some of the problems with setting retirement goals and show you a more productive way to plan for the the future.
QUESTION: Do you have retirement goals?
Let me know via Twitter Tweet to @roger_whitney