1. Don’t assume it’s all about the money
It’s a cliché to say money can’t buy happiness, but it’s true when it comes to retirement. A big bank account balance won’t translate into stress-free golden years if there are other problems lurking below the surface.
“For many, the monetary side isn’t going to make them happy,” Rafal said. “People that have a lot more zeros than others, we find sometimes they’re not as happy.”
Sometimes, the problems are financial, such as debt. In other cases, they’re personal. Whatever the cause, you shouldn’t assume money alone will make the other problems in your life disappear. Retirement planning involves running the numbers. But it also requires looking inward to think about what’s going to make you happy in the next phase of your life.
Next: Ignorance is not bliss.