What's Wrong With Retirement?

The basic concept of retirement is broken! Therefore retirement planning and retirement saving are questionable endeavors. Let's list some to the issues with the traditional retirement concept:

1. Why should you wait for retirement age to enjoy life?
2. Why should you remain depended on your paychecks until retirement?
3. What is magical about age 65 or any other predefined retirement age?
4. Is it reasonable to expect a twenty year old to defer gratification for forty years?
5. Is it reasonable to freeze our dreams about how life should be for forty years?
6. Is it possible to suddenly switch from living off your paycheck to living off retirement investment accounts late in life?
7. Will you ever be able to trust that you have enough money to comfortable retire?

Retirement is a broken concept promoted by corporations with intent on using you until you are too expensive (compared to a young person) and then easily disposing of you.

Let's trash the goal of retirement and instead focus on the ability and freedom to pursue your dreams. Your new goal should be financial serenity. This implies a lifestyle free to pursue your desires without financial burdens. In short you should focus on financial freedom and not retirement.

This freedom is not dependent on an age. This freedom is based on the choices you make regarding how you spend and invest your money. If properly coached, you can achieve financial freedom much earlier in life. However, you can only achieve your freedom dreams if you are prepared to take a different path from what society normally dictates to us. You must discard your traditional concepts of spending money because many of these concepts have been placed in your heads by toxic external advertising forces. You must learn methods for building wealth that will provide for your financial success.

I believe that retirement is a broken concept. Instead of saving for retirement we should build the financial independence required to pursue your dreams.

The financial freedom account concept introduced in the book, Poor No More, shows how you can obtain your dreams earlier.

Curtis Hill is a Certified Financial Planner™ based in Beverly Hills, CA. Mr. Hill has been a successful financial advisor since 1994 after leading a thriving business management career. Mr. Hill has identified proven "wealth behaviors" to adopt and financial pitfalls to avoid in his book, Poor No More: Wealth is Within Reach.

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