When it comes to retirement planning, one should take priority over the other, considering that it is possible to retire without growth, but it is impossible to succeed without income. This is the challenge for many people preparing for retirement who have a propensity to remain in familiar territory focused on growth.
Investing for long-term growth is what most investors understand, it is familiar and is what they have been doing for years inside of their retirement accounts, but retirement is different because it requires a shift from growth to income, and that is new territory for most people.
Comments