I was asked by Bob Powell, the author of the above titled article, to give him my thoughts on creating a retirement vision for the article he was writing. He asked me not to focus on the “easy” financial part. Here’s what I said:
I don’t agree that getting the money part right is easy. While individuals may think they have a plan, it may not be the right plan. For example, we recently interviewed a soon-to-retire individual who did not have a plan that secures her income. It was clear that she’s afraid to “spend her principal” on the trip she’s been dreaming of; instead, she needs a Plan for Retirement Income in which she’s living off secure income checks.