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Retirement Planning: It’s Important to Play the Long Game - advisorperspectives.com
The importance of getting an early start on financial planning for retirement can be hard to grasp, especially for younger workers at the outset of a long career. But, with continued growth in longevity, coupled with the uncertainties that come with economic cycles, establishing a long-term mindset as early as possible is critical. Financial planner Roland Chow, in a post on advisorperspectives.com, stresses that “… financial decisions made in a person’s 20s and 30s — such as when to start investing, what goals to prioritize, and how to think about risk — are quietly shaping retirement security decades before it even begins.” In other words, making this type of planning a priority early in life will help build the flexibility you need to deal with the “hidden factors” that can derail unstable plans. Check out his post here.
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