Like most people, I sometimes indulge in daydreams about how I’d spend my time if I were retired right now. I have no doubt I could happily fill the extra free time. But the truth is, even if I were sitting on a few million dollars right now, I probably wouldn’t actually leave the workforce. Here are three reasons why.
1. Retirement planning is unpredictable enough already
Planning for a standard 20-to-30-year retirement is challenging enough as it is. You never know what expenses are going to come up, which means you never know exactly how much you have to save. You just have to make an educated guess and keep adjusting on the fly to steer yourself toward your target savings goal.