When you determine how much income you’ll need in retirement, you may base your projection on the type of lifestyle you plan to have and when you want to retire. However, as you grow closer to retirement, you may discover that your income won’t be enough to meet your needs. If you find yourself in this situation, you’ll need to adopt a plan to bridge this projected income gap.
Have you ever tackled a DIY (Do-It-Yourself) project and in the end regret how it turned out? Or when you read the online forums it said the average time was thirty minutes and two hours later you’re still at it? Well I have and half way through I wished I would’ve paid someone to do it. Life is full of failures and with it inevitably come regrets. In the end you have two options: learn and improve or sulk and stink. Retirees tend to look back more than others and some of their wisdom may be worth listening to.
It’s always been a mystery to me how at the end of the day you put two socks in the dirty clothes hamper and when they get washed and folded somehow you only get one back. How is this possible? Is there some evil force that comes in the middle of the night and steals socks? Or maybe they’re all hiding in some secret compartment in the dryer. I don’t know. All I know is there a lot of “unmarried” socks in my drawer and they’re desperately looking for their other half.