Financial Dangers when Retirement is Not Planned Correctly

Posted by Mary Grace under Retirement Planning on June 26, 2016

Do you know the effects that you can get if your retirement is not planned correctly? Here in Retirement Planning IQ, we want to make sure that our readers are guided very well. Today’s topic is about “the proper way to plan for retirement”.

A reader of asked this question;


“Hi Admin, I am very happy I found your blog. I just want to know what will be the worst things that may happen if I planned my retirement but I just discovered the plan was not right after 20 years”.

Sean M, 28, Male, from North Carolina, USA
Message via electronic mail.

Possible Things that May Happen if Your Retirement is Not Planned Correctly

In the first place, why you didn’t planned your retirement the right or proper way? The reasons why there are many people who failed to plan for their retirement are as follows;

  • Lack of information and knowledge.
  • Asking the wrong person.

If you have no idea how to create a retirement plan and what are the things to consider, you will have no guide and you have no clue why you are not really prepared to retire. Other people failed to plan their retirement because they asked the wrong person.

They just follow the recommendations or advice of other people who are not really expert in financial planning. An individual who wants to successfully retire must get advice only to financial experts or to a person who already retired successfully.

If Your Retirement is Not Planned Correctly

Image Credit: Brent Myers via Flickr CC 2.0

Effects If Your Retirement is Not Planned Correctly and You Discovered It Lately

  • You wasted time and money.
  • You will become stressful and become so worry.
  • You will not enjoy your retirement years.

Imagine if you discovered that you have a wrong retirement plan, you just wasted time and money. That’s why, from the very start, you have to make sure you are following the right advice.

Solution: Consult to certified financial planners or CFPs.

If you just find out you didn’t planed your retirement correctly, don’t get stress and get worried. You still have time to prepare your retirement. Unless you find that you didn’t planned your retirement correctly when you are at 55.

Enjoyment is what we want. How to enjoy our retirement years? We deserve to enjoy the rest of our lives because for a very long time, we just work, work and work.


An individual can create a retirement plan easily, but the question is, how can he make sure that he planned it correctly. It is better to pay for a services given by Certified Financial Planner than to guess if our retirement plan is correct or not.

It will become more expensive if we didn’t planned our retirement the right way than to pay for CFP. Asking the advice of certified financial planner is a must to ensure we have the proper retirement plan.

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