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tuenight retire courtney colwell planning

What No One Tells You About Planning for Retirement

I put at least 10 percent (or is it 15 percent?) of my salary in my 401K every year. I contribute to a ROTH every other year (or so). I own my home — or will in 28 years. I have enough in stocks to carry me at least a few weeks. Financially, I’m not that bad off… am I? I ask this of my financial advisor, whose primary value seems to be telling me that I should save more. Disappointingly, he can’t make magic of what I have put away thus far. We meet annually to review where I would be financially if I were to retire at an age that increases with every meeting. He routinely poses questions that start with “If you plan to ever stop working…” or “If you’re serious…” My current retirement plan seems to be not to retire. But then, as I’ve seen with my parents, retirement can come unplanned and earlier than you think. They did everything right — scrimping and saving, counting their pennies and on their …