A reader recently wrote and asked me if I ever considered retirement is overrated? You are not alone in thinking this way, and the popular idea of retirement as a time to relax and enjoy your golden years doesn’t match reality for many people.
Sacrificing living today for an uncertain tomorrow
Some people obsessed with retirement live their lives around a future day, putting off living in the present till then. We don’t know what the future holds for our health, economy, or relationships.
There is no guarantee you’ll have enough saved up
Retirement doesn’t come around every year; it’s something we look forward to once we’ve reached a certain age and retired from our full-time jobs. However, many people underestimate the amount of money they will need during this time in their lives. It can be hard to save up for retirement when you don’t know how much money you’ll need or the cost
You might not be as healthy as you think
It’s easy to assume that we’ll stay young and healthy forever – but unfortunately, this isn’t always the case. Even if your retirement is decades away, it could still come sooner than expected if something tragic happens to your health.
You never know when an emergency will happen
Emergencies can happen at any time, making it nearly impossible to predict when they’ll arise. There’s no way of knowing how much money you’ll need in an emergency until one happens (and by then, it might be too late).