With clients (and many advisors) fearing that they'll run out of money during retirement, either due to poor planning or a catastrophic illness, there is one conversation that is often overlooked. It is the one about balancing the goal of achieving a fully funded retirement with the goal of living a happy, fulfilling life before you get there.

My dad worked for more than 45 years to build up a substantial nest egg for his retirement. He sacrificed, saved and scrimped. He didn't travel. He didn't buy expensive things (as a Yankee, I think he was genetically incapable of it, but I digress). When he retired, he'd socked away a bigger nest egg than anyone in his family ever had. He was incredibly proud of his accomplishment and looked forward to retirement more than just about anyone I've ever met.

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