Plan on Rewriting Your Retirement Strategy Over Time
If you wrote a financial plan when you were 18, would you expect it to fit perfectly into your life when you're 40? Probably not. Your life at 40 will likely look drastically different from what you imagined at 18. Moreover, it's very likely the financial markets didn't follow your expectations in those 22 years either.
So, then why would you expect to write a financial retirement plan, and then never plan on making any changes? While a retirement plan can provide a great foundation for spending and portfolio adjustments, you should plan on rewriting your strategy over time.
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Source Fool.com
