Money in the Middle

Sandwich Generation Talking About Money Up, Down and Across Generations

Retirement Planning is About Building a New Plan A

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I just came back from a meeting of the American Society on Aging. I gave a couple presentations on Money in the Middle. There was lots of good information and discussions about the challenges and opportunities ahead.

 

I came away with the same conclusion I began with – for most of us, we are at a time of Retirement Reset.  Rethinking, tweeking, small cut backs is for the few with defined benefit plans and lots of time already in their job. As long as the plan remains funded, they’ll be okay.

 

However, most of us are faced with resetting our expectations of what retirement will be all about.  Thinking about our 60s, 70s and 80s, how we will live and what our days will be like. The amount of time it takes to recoup market losses is just too long for many of those in their 50s and 60s.  The game has changed, the rules are different and so will be retirement.

 

We don’t need a plan B or plan C.  We need a new Plan A.

 

What do you think?

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Written by Laura Rossman

March 23, 2009 at 4:44 pm

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