There is a saying that tomorrow never comes; but the reality is that tomorrow comes everyday. I have heard people say that they will do something, like traveling for pleasure when they retire. The problem is that waiting to enjoy life is a big mistake because we can't predict what life will bring us. We certainly have seen the best example of this with the Covid Pandemic that has wreaked havoc on families and whole countries. Many trips were canceled in the last 12 months because of Covid. Maybe in a few years things will get back to normal; but by then it could be too late for some people.
By the time someone is 50 years old, serious retirement planning should begin. It is not just about money; though having enough to last the rest of someone's life is critical. It is about recognizing that life is precious and putting everything in perspective. It is about our Bucket List of things we want to do before we die. Do we need the big house any more now that the kids are gone. Experiences with family and friends are far more important than things in terms of spending money. The ability to walk and get around does not last forever. So anything that requires more strenuous activity should not be put off. Many senior citizens are just one fall from away from the need to move into a senior community. And, not everybody lives to be 90 years old.
There is a tendency to keep buying things that one day will end up in a garage sale. That money would be better invested for the day when we might need home care, or to pay for health care expenses as we get older. By the time we reach 50, it is time to start simplifying life. So many people work at retirement. They think they have to be busy every day of the week when maybe just reading a book would be more relaxing. It is amazing how quickly time goes by. It is important to recognize that the clock is ticking. We need to make every day count. But sometimes it is the little things in life that matter most. Wake up and smell the coffee. Stop with the Iphone. It is causing too much stress.
