Author: Paul A. Carl, CHSA, CPFA^™​Vice President, Retirement Plan Consulting, Registered Representative

In the late 1990s, I recall sitting in traffic when a bus passed. Its billboard advertisement - “There’s no do-over at retirement.”

While I don’t recall the investment firm it advertised, the message certainly resonated with me. Either I save enough to retire…or I don’t. 

I was a decade into my career at that time and I had no idea if I was on-track for a successful retirement. The consequences of not saving sufficiently for retirement weighed on my mind. If there is no do-over, what were the options.

Continuing to work?

Living below a financial level to which I had become accustomed?

Some combination of work and a lower standard of living?

Relying on my children or other family members?

I chose to make budgetary changes that prioritized retirement savings. How are you addressing this simple fact: “There’s no do-over at retirement.”

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