Mar 23, 2023

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.

As life throws its ups and downs, it can be tempting to put off investing in our retirement while we deal with immediate needs. It might also be tempting to delay investing until you have accumulated a certain amount of money in your savings account. No matter what reason you might have for moving your goalpost, sticking to a financial plan is important so that you can retire when you’re ready.

In today’s episode, we’ll tackle questions such as “Should I push my retirement date back if I don’t have the details figure out?” and “How conservative do I need to be five years from retirement?” Join us as we dive into the complexities of retirement planning and offer insight to help you stay on track with your financial goals. 

 Here’s some of what we'll dicuss in this episode:

• Should I push my retirement date back if I don’t have the details figured out? (2:40)
• While having an emergency fund is important, it can be tempting to hold onto excess cash as a safety net instead of utilizing it to your advantage. (6:46)
• Prioritizing retirement savings so that you are prepared for unexpected circumstances and can maintain a flexible retirement timeline. (9:42)
• How conservative do I need to be five years from retirement? (11:29)
• It is important to have a contingent, flexible retirement plan that prepares you for unexpected circumstances. (16:57)