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CHAPTER 14

you want to be careful that you aren’t too aggressive, because just as quickly as your investments can go up in value, they can decline. If you ever feel that your advisors are suggesting that you should invest your money too aggressively, or if you are uncomfortable with the investments you are in, talk to them. If you don’t think that they are listening or care, you may want to switch advisors.

RETIREMENT PLANNING AS A WHOLE

While retirement is just one stage in our lives, it really encompasses everything we do. Retirement planning should be our biggest con- cern, and first priority, when it comes to financial planning. Espe- cially now that people are living longer, retirement may be a 30-year or 40-year period. This isn’t something that should be taken lightly.

If you haven’t thought about your retirement, now is the time to start. It’s never too late to start, but the longer you put off your plan- ning, the worse off you could be. I’ve yet to meet anyone who has told me that they wanted to retire early, but were unable to, and that that was a good thing. No one wants to retire any later than necessary. By saving and investing your money now, you stand a greater chance of fulfilling your retirement dreams. Sure, it takes a bit of discipline, but are things that come easily really worth having?*

  • *

    Reference for this chapter: Planning For Retirement Needs, Fifth Edition, by David A. Lit-

tell and Renn Beam Tacchino. The American College, 2001.

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