Regrets by Retirees

Andy Whitten
18572 N. Dale Mabry Hwy
Lutz, FL 33548
Phone: 813-286-7776

Have you ever tackled a DIY (Do-It-Yourself) project and in the end regret how it turned out? Or when you read the online forums it said the average time was thirty minutes, and two hours later you’re still working on it?

Well I have and half way through, I wished I would’ve paid someone to do it. Life is full of failures and with it inevitably come regrets. In the end, you have two options: learn and improve or sulk and stay miserable. Retirees tend to look back more than others and some of their wisdom may be worth listening to.

I read an article recently that described a caregiver’s journey when talking with her patients. Her findings were interesting. Some were regrets of things done and others were regrets of things not done and wish they would’ve.

With over 10 years of relationships with people near or at retirement, I have found the same statements resurface. Some of the regrets could be helpful to you, and you can learn from them and improve right now instead of repeating their same regrets.

1. I wish that I had saved more money.
2. I wish that I had been more knowledgeable about money and/or had a trusted financial adviser to work with.
3. I wish that I had taken better care of my health.
4. I wish that I had gotten involved in the things that I really love sooner in life.
5. I wish that I had spoken sooner with my children about the needs and desires of my later life.

Finally, if you are in the stage of retirement, believe there’s still something that can be done today. Plenty of people have made changes in their “retirement” stage resulting in great impact. There is an excellent book out there for those near or in this stage. It shows how retirement could be your most significant stage of life. I would highly recommend it. It’s called Halftime: Moving from Success to Significance by Bob Buford.

The key to remember is not to focus on the past but to pursue the future. If you need help with clarity about your financial future, give me a call or send me an email.

PFG Private Wealth Management, LLC is a Registered Investment Adviser. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities product, service, or investment strategy.


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