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CHAPTER 14

than they ever were during their actual working lives! I have many clients come in to see me who say that between spending time with their children and grandchildren, visiting with friends, volunteering, and other activities, they have found that they have no time to them- selves! But, I’ve not heard one complaint about that because they are doing what they love to do, rather than working.

Another popular life change revolves around changing careers. I have many clients who retire from a large corporation, only to become independent contractors for those same companies making more money than they did as employees. The advent of the indepen- dent contractor really came to center stage during the 1990s. All the independent contractors I have met have told me that they wouldn’t change their status to employee for anything. This way, things get done on their own timetables. And isn’t that what people ultimately want: to control their own destiny?

Still others are moving from their high-paying corporate jobs, to lower-paying, more fulfilling jobs during their 50s. These people then find that they can continue working at their less-stressful jobs well into their 70s. All of this results from not having to rely on their larger paycheck. While this may not seem like something you can feasibly afford to do, it may be something to aspire to. By deciding on what your goals are, you will be able to realize them much easier than if you don’t.

THE BIGGEST HAZARDS OF RETIREMENT PLANNING

Setting goals is easy; following through on them is more difficult. Remember what I said about setting big goals and little goals? Many times, I’ve found that people set their sights too high, only to see themselves fall short of their goals. It’s not because they failed, entirely, to reach these goals; it’s because they didn’t break down their goals, and became overwhelmed. Smaller hills are easier to climb than very tall mountains. Therefore, break down your large mountainous dream into smaller, more attainable foothills. By doing this, you’ll be more apt to follow through on your goals and reach them. Another hint is to make sure that your larger goals are also realistic. While having $5 million set aside for retirement is a very

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