The traditional cycle of life in today’s modern world is that we go through school for 16 years at least, or 24 years if you pursue post-graduate studies, after which we find jobs and work until we’re 65, then retire. For some people, that might not seem appealing, and so they become freelancers, entrepreneurs, or some other career outside the conventional life path. But even so, at some point or another, we’re all going to retire and try to enjoy the remaining years of our lives. From Tim Jensen’s perspective, there are some common mistakes that people make when it comes to retirement, and as a retirement planner for 17 years, he has graciously shared some of those on Reader’s Digest so that we can learn from them.
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Reading some of these tips, I think a common thread is the lack of understanding that people have about retirement and how it all works, and the fact that, people generally think about retirement much later than they should. I would understand why people wouldn’t want to bother themselves with thinking about what will happen 30 or 40 years later, but it’s worth considering as well as being flexible depending on the circumstances we find ourselves in. For me, the most relevant tip relates to health costs and how that affects one’s retirement as I am currently surrounded by retirees and retirees-to-be whose main concern at the moment are medical expenses and the like. To see all 18 tips, check it out on Reader’s Digest.
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Source: neatorama