Are You Planning for Retirement? Why It Might Not Be Enough

by Adam Felts

AgeLab Director Joseph Coughlin writes in Marketwatch on how just having a 'plan' for retirement may not be enough:

"A retirement plan, like a shopping list, is an intention — certainly a necessary first step to living in retirement, but not a complete one. A retirement plan is key to ensuring financial security, but it leaves how one might actually live in retirement to chance. Money, much like electricity, is required for nearly everything, but both money and electricity are enablers, not the actual places, goods, and services that are critical to living well. Effectively, planning is necessary but insufficient, it leaves the actual preparation for our retirement years unfinished."

Read Dr. Coughlin's thoughts in full here.

  • Share
  • Email
  • Facebook
  • Twitter

Get Involved

Interested in this area of study? See how you can participate in AgeLab research or become a volunteer.


About the Author

Photo of Adam Felts
Adam Felts

Adam Felts is a researcher and writer at the MIT AgeLab. Currently he is involved in research on the experiences of family caregivers and the future of financial advice. He also manages the AgeLab blog and newsletter. He received his Master's in Fine Arts in Creative Writing from Boston University in 2014 and his Master's of Theological Studies from Boston University in 2019.

More From the Blog

2020 OMEGA Summit Brings Together Students, Aging Professionals, Past Scholarship Winners

October 30, 2020

2020 Summer Interns Work on OMEGA, Lifestyle Leaders, C3 Project

August 26, 2020

2021 Spring Speaker Series Begins with Presentation from Dr. Catherine García on Social Determinants of Health

March 23, 2021