Millions of Americans in their 40s and 50s may be suffering from “retirement postponement syndrome” (RPS) shortcomings that could end up robbing their golden years unless they take strong corrective action, according to a warning issued today by Beaird Harris in Dallas, Texas.
Managing Director Steve Lugar said: "Most people know the basic formula when it comes to saving and investing for retirement. Three factors control the wealth that investors are able to accumulate: time; rate of return; and money saved or invested. In reality, it ends up being a little more complicated than that. What we are calling 'retirement postponement syndrome' is a little-understood financial malady that can stand between unwary investors and a comfortable retirement that gets started on schedule. Failing to have an adequate cushion for these and other RPS bumps in the financial road can - and often do! - mean the difference between the retirement of your dreams and just scraping by."
Five "RPS" Warning Signs
What are the symptoms of retirement postponement syndrome? Which conditions put you at greatest risk of suffering this financial malady? Based on their considerable experience in dealing with clients, the experts at Beaird Harris have identified the following five key warning signs of RPS:
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