THE NEW RULES OF RETIREMENT SAVING • 7
better prepared for retirement . . . not based on the past but based on the present and the future. So what are the three New Rules of Retirement Saving? Rule #1 : Know Your Risks Rule #2 : Choose a Strategy That Addresses Your Risks Rule #3 : Take Action Now Sounds simple? It’s actually a fundamental shift from the way you’re saving today. Over the rest of this book, I’ll help you learn about each rule and put it to work in your own savings strategy. By the end, you’ll see how these three simple rules can transform your approach to the future. Picture You at Seventy-Five Take a moment to imagine: What will your life be like when you’re seventy-five? No, I’m not talking about the iPhone 84, or getting robots to fold your laundry (which I’m all for, by the way). I’m talking about how you envision yourself living as time goes by. Look through the telescope of the future and allow your mind to focus on what your life will be like then. This type of future-gazing is something too few of us do, but it’s essential to retirement planning. Here’s how I see my life at age seventy-five: My wife and I have sold our current house and moved to something smaller within walking distance of restaurants and shops. When a new restaurant opens, we will be among the first to try it out. I’ll continue going to the Broadway theatrical series as a favor to my wife, and she’ll continue humoring me by going to University of Louisville men’s basketball games with me. Each summer, we’ll spend a week on Hilton Head Island with our daughters and grandchildren. We’ll travel to visit friends across the country, and maybe even get a condo on the beach in Florida. I’ll have more time to volunteer and support organizations that are important to me. And you can bet
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