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Moving Your Retirement Goalposts: Worth the Risk?
Manage episode 358811519 series 3460411
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Do you ever feel like your retirement planning goals are always moving? You're not alone. We’ve found that people often move the goalposts in their own retirement planning, often to their detriment. In this episode, we're diving deep into the psychology of retirement planning and the dangers of moving the goalposts.
Keep in mind that we’re talking about the rules you make for yourself rather and not the changes you make to your financial plan. We want to have a financial plan that’s flexible enough to change as your life does so that’s a bit different than this conversation today.
Here’s some of what we’ll discuss in this episode:
- What’s the risk for changing how much cash you feel you need to have saved? (1:48)
- The people that put off getting serious about savings until next year… (6:41)
- We often change the amount of risk we’re willing to take on. (8:20)
- Why changing your retirement date is a missed opportunity. (12:07)
Connect with us:
Web: https://rosewoodwealthmanagement.com/
Phone: 919-391-3446
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