Skip to content

3 Deterrents to Retirement Planning

Retirement is something many people look forward to, but fewer properly plan for. The following are three common deterrents to creating a well-planned retirement strategy, along with a few tips on how to get around them.1


Barrier 1: You view retirement as a negative, so planning for it is something to avoid.

Tip: Approach the task when you’re feeling good. For example, you receive a salary increase; you enjoy hearing about your retired in-laws trip to France; you and your spouse have an enthusiastic conversation about buying a second home where you can retire.


Barrier 2: It seems like a long and complex process.

Tip: Break it down into small steps over time. For example, start with your current budget and work forward to exclude/include expenses you expect in retirement. Your next project: Identify your retirement income sources. And so on.


Barrier 3: It takes up too much time.

Tip: Put it on auto-pilot. Work with a financial professional to develop a plan, then put him or her in charge of maintenance and monitoring. Automate your savings and investment transfers between accounts.


1 Jason Heath. Financial Post. Aug. 20, 2018. “Three behavioural barriers to solid retirement planning, and how you can overcome them.” Accessed Dec. 16, 2018.

Ready to Take The Next Step?

For more information about any of the products and services listed here, schedule a meeting today or register to attend a seminar.

Or give us a call at 720.931.6560

Call Now Button