Top 10 Retirement Planning Excuses

Jeff Kendall |

Ten common “reasons” why someone does not plan for retirement.


Provided by


Jeffrey P. Kendall, CFP®



#10: “I’m too busy

Stop procrastinating. How does the saying go? The best time to plant a tree is 30 years ago. The second best time is…TODAY.


#9:    “It’s too soon

It’s NEVER too soon. The sooner you start planning, the better chance you stand of having the kind of retirement you want.


#8:    “It’s too late

Think again. Even if you’ve already retired, it’s important to consider how you’re receiving income and how long it will last.


#7:    “I don’t need to

This one baffles me. If you’re simply giving monthly to a savings account and hoping for the best, you may be in for an unpleasant surprise someday.


#6:    “I don’t have enough money to get started

Starting small is better than not starting at all, and if you plan well, you should eventually have more to work with.


#5:    “My finances are a mess

Consider speaking with a Financial Professional who can look at your complete financial picture and help you to develop a plan to make your “mess” work for you.


#4:    “The Government will take care of me

If you’re planning to retire on Social Security alone, I would advise you to create a back-up plan at the very least.  


#3:    “Between my savings and my 401(k), I’ll be fine

Saving for retirement without an income distribution plan could be a mistake. Have you considered inflation? Taxes? If you live to 100, will the money last?


#2:    “I don’t want to think about it

If you bite the bullet now and put a firm plan in motion, you may not have to think about it again for quite some time.


#1:    “I don’t know how

If you knew everything there was to know about financial planning, you’d probably be a financial professional yourself. If you’re putting off retirement planning because you don’t know how to begin, consider speaking to a professional who does.



Jeff Kendall is a CERTIFIED FINANCIAL PLANNER with a focus on growing families and acts as his clients’ personal CFO…so they can take care of the things that matter most to them.  Jeff can be reached via email at or by calling his office at 704-659-2195. Please feel free to visit our website as well at    



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