Two unusual ways to beat the panic of retirement savings

Setting aside enough money can seem an insurmountable challenge, but some unusual options may help,

If you’re feeling freaked out by the vast sums that the so-called retirement experts say that you need to have set aside before you can even think of retiring, well, you’re not alone.

But obsessing over how gargantuan that retirement number is – and how difficult or downright impossible it is to reach it – is simply going to leave you terrified and (worse still) paralyzed.

A better strategy: think about different numbers. Smaller numbers: numbers that are inherently less likely to make your eyeballs roll back in your head. Some of them are simply different numbers, such as the idea of a “retirement paycheck”.

Best of all, try to put the numbers aside for a moment and ponder strategies instead.

 

Read more…

 

Credits: 
Source: https://www.theguardian.com

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