Retirement planning can be anxiety-inducing and minimizing stress begins with getting some clear perspective on your goals and how you plan to achieve them. What are generally the biggest retirement stressors? How important is an early start in relieving retirement planning stress? How can investors avoid panicking if they’ve been dragging their feet on saving? How can investors cope with market-related stress? In other words, what should they do/not do when volatility rears its head? How can succumbing to stress lead to mistakes? How effective can things like automating savings or enrolling in step-up contributions in your employer’s retirement plan be in curbing stress? How can investors strike the right balance between retirement savings and other financial issues that may also be nagging at them, such as student loans or credit card debt?
Tips for Managing Retirement Planning Stress