General

What the 1980 U.S.Men’s Olympic Hockey Team can teach us about late-stage retirement planning. Your strategy and frame of mind are the keys when beginning to save for retirement later in the game. While not all investment stories end successfully, with just the right combination of perseverance, planning, and sacrifice, you may still be able to retire in relative comfort even if you got a late start in the game.

The “three legged stool” has long been the approach to retirement planning. But most Americans don’t even have a stool, and for some who do, the stool is becoming a bit shaky.   The “three-legged stool” is considered the basic model of retirement savings. It’s a metaphor that has been used since the late-1940s as a way to describe saving for your future. No one is quite sure how the concept was started, but it’s one that stuck. While the legs of the stool were different in the past (they relied heavily on other types of retirement options), today those legs have grown and transformed into a completely different kind of stool.

Retirement can mean the beginning of a new life. Here are a few common dangers to avoid. Retirement planning is a tricky process, and one that requires careful planning and patience. But even if you have a retirement plan and a clear set of visions and goals, not just financially, but for your lifestyle, it’s important that you be aware of several common missteps that many, even those with a plan, fall victim to.