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The Top 10 Retirement Planning Excuses

The Top 10 Retirement Planning Excuses


The Top 10 Retirement Planning Excusesexcuses

Ten common “reasons” why someone does not plan for retirement.

#10: “I’m too busy

Stop procrastinating. How does the saying go? The best time to plant a tree is 30 years ago. The second best time is … TODAY.

#9:     “It’s too soon

It’s NEVER too soon. The sooner you start planning, the better chance you stand of having the kind of retirement you want.

#8:     “It’s too late

Think again. Even if you have already retired, it’s important to consider how you’re receiving income and how long it will last.

#7:     “I don’t need to

This one baffles me. If you’re simply giving monthly to a savings account and hoping for the best, you may be in for an unpleasant surprise someday.

#6:     “I don’t have enough money to get started

Starting small is better than not starting at all, and if you plan well, you’ll eventually have more to work with.

#5:     “My finances are a mess

Consider speaking with a Financial Professional who can look at your complete financial picture and help you to develop a plan to make your “mess” work for you.

#4:     “The Government will take care of me

If you’re planning to retire on Social Security alone, I would advise you to create a back-up plan at the very least.

#3:     “Between my savings and my 401(k), I’ll be fine

Saving for retirement without an income distribution plan could be a mistake. Have you considered inflation? Taxes? If you live to 100, will the money last?

#2:     “I don’t want to think about it

If you bite the bullet now and put a firm plan in motion, you may not have to think about it again for quite some time.

#1:     “I don’t know how

If you knew everything there was to know about financial planning, you’d probably be a financial advisor yourself. If you’re putting off retirement planning because you don’t know how to begin, consider speaking to a professional who does.



Albert Perez

Albert Perez is a native Houstonian, who grew up in Pearland. He found his passion in helping others achieve their financial goals. His focus is helping companies identify areas to cut cost and share strategies to boost greater return in areas such as Group Retirement Planning, Group Health and Supplemental Benefits. In addition to affecting their bottom line; the strategies retain more loyal employees, which in turn provide a culture people enjoy being a part of. Albert has also found equal rewards in helping individuals identify and achieve their financial goals through personalized financial education, leadership and mentoring.
Prior to the financial industry, Albert spent 18 years in the commercial HVAC industry in Sales, Sales Management and Project Management.
Albert has been married to Linh Perez. They share their life and home with 14 year old daughter, Tylana and 6 year old son, Aston.