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.
Register or login for access to this item and much more
All On Wall Street content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access