Could you imagine running a marathon without training? Or achieving the best possible grades in school without studying? So what does this have to do with financial planning? Why is it important? Regardless of age or net worth, we all have different priorities we aspire to reach in life.
When I first entered the workforce, I would often times find myself afraid to pull up my credit card activity or bank statements online. It was easier not to look than to see my paycheck go poof! The crazy part was, I couldn’t even tell you what I spent the money on. As I started to approach my mid-20’s, despite salary increases, I wasn’t making progress financially.
Now’s the time to re-evaluate your retirement plan to make sure that it continues to meet all of your needs. You’ve gone through a lot of trouble to set up and maintain your retirement plan, but that doesn’t mean it’s still working the way it was initially intended to work...