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Retirement Regret: #9 Paying off debt before saving for retirement

Thursday, April 13, 2017, 12:40 PM

When faced with the prospect of saving for the future or paying down debt, people struggle deciding which takes precedence: contributing to retirement or paying off debts? Because time is so crucial when planning for retirement even if it’s few decade away, it’s best to devise a strategy that allows you to pay down debt while still making some headway, however minor, toward retirement.
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Retirement Regrets: #8 You wrongly estimate your life expectancy

Thursday, April 13, 2017, 10:28 AM

Make a rough estimate on how long you and your spouse would live, after your retirement. You have to save accordingly. If you estimate your life span incorrectly, you wouldn’t have sufficient money to enjoy your retired years. You must make an estimate that you will live for more number of years after retirement. This ensures that you have sufficient money to retire.
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Retirement Regrets: #7 Believing you will never retire

Thursday, April 13, 2017, 9:52 AM

You might love your career and not be able to imagine life without a 9-to-5 job. However, your ability to keep pace in the workplace will likely wane eventually. Circumstances change, your health might not keep up with you. Don’t skimp on your saving because you think you can work until you’re 90 and earn more than you do today.

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