Retirement is an abstract concept. We work to support ourselves and our families. We work hard, pay our bills, buy what we need or want, and repeat this cycle. But the cycle cannot continue indefinitely.
At some point, we will all quit earning, but our expenses will continue. This is challenging to pull from the abstract because everyone of us becomes accustomed to utilizing our earnings to fund our expenses. We know retirement is coming, we even have concerns about it, but it is always down the road, and there are more pressing concerns to handle today.
In this paper we discuss 5 keys to successfully preparing yourself for retirement while still in the accumulation phase.