3 retirement lies you tell yourself

Jim_SamsonThroughout most of our lives, retirement feels like some far-off and intangible idea that you can too easily push to the back of your mind.

And that can sometimes lead to a dangerous attitude where focusing on retirement isn’t a high priority. If you keep that mindset for long enough, it will eventually be too late to recover.

I don’t want that to happen to you, so here’s your wake-up call. Are you telling yourself these 3 lies about retirement?

As the saying goes, “Everybody wants to go to heaven, but nobody wants to die.”

I think the spirit of that quote can be applied to retirement and everything that goes along with it.

Everybody wants to get to retirement, but nobody wants to put in the effort to save.

Now, you may be the type of person who started to save at 20 years old and has continued to make wise decisions with retirement in mind. If so, good for you.

But the raw truth is that people who do so are in the minority.

The rest of us need to look ourselves in the mirror and honestly decide if we’re telling ourselves these lies:

1. I’ve got plenty of time to catch up.

This is one of the most common retirement lies, and one of the most detrimental, unfortunately.

Eventually, you’ll run out of time to get your retirement plan together.

And even if you do have some time to catch up, waiting only makes it exponentially harder to regain the ground you’ve given up.

I’m sure you’ve seen the stats on how much more difficult it is for someone who stars saving at 30 than for the person who starts saving at 22. It’s amazing how much more the older person has to save per month to catch the younger saver.

Don’t lie to yourself about how much time you have left to start saving for real. Start saving now.

2. I’ll adapt if I run out of money in retirement.

It’s incredibly easy to say that now, but really try and think about how you’d feel if that really did happen. Are you going to be OK with drastically changing your life because you ran out of money thanks to poor retirement planning?

Don’t lie to yourself. Realize that you can avoid having to even consider adjusting in retirement and start saving smartly today.

3. I’m aiming to die broke.

Really? How good is your timing?

Even if you truly want to leave no inheritance or anything at all, you’d have to pretty much have perfect timing with this strategy to not wind up burdening someone else to take care of you when you run out of money.

Don’t be a burden; prepare for retirement.

Now, The Midas Legacy has the resourced to get you to your dream retirement years before you thought it could be possible, but you first need the right frame of mind to be able to utilize those resources.

Changing your attitude to ready yourself for retirement is a huge step in that direction, and the worst case in that scenario is that you’ll be better prepared to live an enjoyable retirement.

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