Most of us think of saving for retirement as a chore. It’s a goal that can seem incredibly stressful to reach. If you’re saving for retirement, it might help to stop defining it as a deadline.
Photo by American Advisors Group
Business Insider's Libby Kane explains:
How much should we save? What's the best way to do it? When should we retire? Suddenly, retirement sounds like a lot of work. Certified financial planner Eric D. Brotman, author of "Retire Wealthy: The Tools You Need To Help Build Lasting Wealth -- On Your Own Or With Your Financial Adviser," gives a nice dose of perspective when he writes:
"When you have achieved enough financial wherewithal to eschew any and all income-producing activities other than those you want to pursue, in my mind you are 'retired.' In other words, it is the absence of needing to work, not the absence of working that defines retirement."
Kane says that this definition makes retirement a state of freedom -- an opportunity -- instead of an impending, stressful deadline. It's merely a change in mindset, but our mindset can count for a lot. Check out what else she has to say in her full post.
Everyone Should Adopt This Alternative Definition Of 'Retirement' [Business Insider]