Five Tragic Losses of ‘Someday’ Syndrome

by | Feb 7, 2018 | Personal Finance 101

“Someday, I’d like to be able to enjoy my retirement.” “Someday, I’d like to be able to travel.” “Someday, I’d like to be able to relax.”

Are you one of the people who talk about “someday” but you lack a solid plan to get you there? Retirement is going to happen “someday” but your preparations for it determine whether you’ll get to enjoy your later years or whether it will be a financial struggle. Here are five things — besides money — that you lose when you talk about “someday” without taking the steps to get yourself and your family there.

1. Loss of self-respect.

Taking charge of your financial future gives you more self-confidence and the knowledge that you’re doing everything in your power to further your goals. Without a plan for retirement, you may blame yourself for not doing enough to provide for your future needs and those of your family.

2. Loss of leadership.

Everyone is a leader in some area. You are a leader in your family and you have certain responsibilities, which include planning for the future. Of course, unforeseen issues can arise, but creating and following a solid plan for retirement is what a family leader does.

3. Loss of your legacy.

This can be financial, certainly — but it’s also how your family members will remember you. Will they remember that you enjoyed your later years? That you did the things you dreamed of, lived happily and enjoyed your children and grandchildren? Planning for retirement means that you’ll be able to live a comfortable lifestyle and have a less financial worry, so you’ll be able to create pleasant memories with your loved ones.

4. Loss of your integrity.

Without a retirement plan, you may find yourself struggling with your life at a time when you should be watching your kids grow up. You may end up doing things that go against your values, like working overtime hours when you want to be home with your family.

5. Loss of your gifts.

You have talents and gifts you can offer and enjoy. Starting with the guidance you give your children to the volunteer hours you work to help others, you have a lot to give throughout your life, and especially in your retirement years. An uncertain financial future means you’ll be focused on money and not giving of yourself and your talents.

Now is the best time to establish a retirement plan with the help of a qualified financial advisor, so you can avoid losing out when it comes to your later years. Contact us now to get started on the path to financial security and prevent the tragic losses you may incur if you simply hope that “someday” you can improve your financial situation.