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.