Yogi Berra once said, “You’ve got to be very careful if you don’t know where you are going because you might not get there.” Perhaps he was pondering retirement. Without a retirement plan you can’t tell “if you’re there yet.”
But saving something toward retirement and hoping for the best does not constitute an adequate plan. Because retirement is years – even decades – away, planning is more critical, not less. The more detailed the retirement plan, the greater the likelihood of success.
All financial planning begins by listing your financial goals. Most of us are not motivated primarily …Read More