Get Long-Term Smart® About Your Retirement
Gregory Salsbury, Ph.D.
Whether you know it, when you’re thinking long-term smart, you’re addressing the four challenges that must be taken into consideration if you’re going to enjoy a comfortable retirement. They are longevity, inflation, volatility, and your very own expectations about retirement. Brought together, these four components bring us an acronym that reads LIVE.
The L in LIVE is for Longevity. After college football legend Paul “Bear” Bryant coached his final game, a reporter from the Washington Post asked the coach what he planned to do in retirement. “I imagine I’ll go straight to the graveyard,” replied Bear sarcastically in his trademark gravelly southern drawl.1 He was wrong: His retirement ...
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