Growing up, I loved playing video games. One of my favorite games was the Galaga, developed and published by Namco. The game puts the player in control of a 2-dimensional spacecraft which is situated at the bottom of the screen fighting off the enemy aliens arriving in formation at the beginning of each level.
Every time I played the game and if I didn’t like the result or satisfied with it, I can simply hit the reset button and start all over again.
You look back in your life, there are things you wish you could hit the reset button and do-over. Maybe it was studying little bit harder to get better grades. Practice little longer on free-throw shots for your basketball team. Whatever it was for you back then, you simply can’t change the outcome today. You are where you are today based on the action you’ve taken. And you’ll get to where you supposed to be because of your action you are taking today.
As of now, you might be 10, 20, or even 30 years from retirement years. If you are still working today, how confident are you about achieving your retirement goals? If you are retired, how confident are you about your money lasting as long as you are.
If you are not 100% confident, you are not alone. Over the years, our team of advisors have met with and consulted a wide variety of people about their finances. Often, we would discuss about these 7 common financial pitfalls they could easily overcome or simply boost their retirement confidence.