It’s Not Too Late to Plan Your Retirement
It’s Not Too Late to Plan Your Retirement by Jocelynn Smith – Banyan Hill
“Pick a flight,” my husband grumbled as he looked over my shoulder. “I’ve never seen anyone so slow to pull the trigger on a vacation.”
“Do you want it done fast? Or do you want it done right?” I asked as I compared the layover times for two different flights.
I had a feeling that he wanted to say that he wanted both, but he knew planning a successful, hassle-free vacation didn’t happen quickly. At least not with me.
I planned for delayed flights and problematic connections in busy airports. I closely investigated hotels, planning against poor locations and noisy rooms. I planned events for rainy days and sunny days so that we always had options.
In short, I tried to make sure that I had an answer for nearly any complication that could ruin our vacation.
And so far, I’ve been successful.
While I’m not alone in the type of detailed planning I go through for a vacation, few plan as thoroughly for their retirement … but it’s not too late to start.
Take Steps Now
Americans are horrible planners when it comes to saving and strategizing for our retirement. What’s happening right now is always more important than those “golden years” that seem so far away. There’s always time later … until you’re out of time.
Franklin Templeton Investments reports that 40% of millennials have no retirement strategy in place.
But it’s not just millennials who are unprepared for retirement. The Insured Retirement Institute reports that 54% of baby boomers have no retirement savings, and 82% of baby boomers have underestimated the percentage of their income they will need to pay for health care during retirement.
But what if we planned as thoroughly for retirement as we did for vacations?
And that’s what most of us dream retirement is — one long, glorious vacation.
That’s why I’ve got three steps you can take right now to get your retirement moving in the right direction.