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URL:  https://boards.fool.com/four-phases-of-retirement-phase-1-can-i-do-it-34276073.aspx

Subject:  Re: Four Phases of Retirement Date:  8/18/2019  10:57 PM
Author:  Rayvt Number:  94937 of 95822

Four phases of retirement:

Phase 1 : Can I do it?
Phase 2 : Dare I do it now?
Phase 3 : I'm going to do it now!
Phase 4 : I should have done this years ago!!!!!

Based on nearly 11 years in a retirement community, too many hit Phase 5:

"What am I gonna do? I can't afford this!"

We had a lot of people hit that phase in 2008 and 2009, after the market collapsed. And we're hearing it again now for more than a few residents...


They made the mistake of thinking that the good times were permanent, and retired without enough money.

I would add
Phase 2.5 : "Hey Fee-only Financial Advisor, what's your opinion of our portfolio and financial state? And how could you help us?" FA: "What do you need me for?"

(We talked with two such. One of them said, when I started to write out his check. "I can't take your check, you don't need my service and I wouldn't feel right taking your money.")
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