Why People Postpone Their Retirement
The scary game that ends up going wrong.
A recent Federal Reserve report found that nearly a quarter of U.S. adults have absolutely no retirement savings or pension.
In general, however, planning for this phase of life doesn’t interest many people. People tend to plan for short-term goals and don’t really think about long-term ones.
The investment plan for retirement planning is one that needs to be done in the best possible way.
You need to set aside as much money as possible, which can sustain you past the age of 60, even for 30–40 years.
It’s a “selfish” goal
Some people think that planning your retirement is a selfish motive and that you should think about other things in life before retiring.
Bringing up children, buying a house, and setting up a business are some of the reasons why people put off retirement.
We live in a society that teaches us to give before we receive and to think about the needs of others. This is where the idea that retirement planning is “selfish” comes from.
Since childhood, we’ve heard these things and suggested that we should think more about others and less about ourselves. These “others” can be our parents, children, relatives, friends, husband, wife, as well as other close people in our lives.
This is also the reason why many people think of their pension as a “selfish” thing and therefore only deal with it at the end of their life.
However, things have started to change and gradually people are also prioritizing their retirement.
People today have started to give more importance to their own dreams and desires compared to our parents’ generation.
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