At the risk of oversimplifying, and with apologies to flight professionals everywhere, a normal airline flight makes for a pretty good retirement analogy. From observation, it seems to me that takeoff and landing are pretty busy events while the majority of the flight seems rather simple (hence the term- auto pilot). In particular, the last 15 minutes of the flight contains a flurry of actions and reminders; all directed to getting the plane and its passengers and crew on the ground and to their destination safely and securely. So the analogy is pretty obvious. Getting up and off the ground and moving toward a retirement destination involves some effort. Establishing a tax efficient savings and investment pattern that leads to our retirement destination requires thoughtfulness and discipline. But once started, there aren’t a lot of moving parts; it’s good to go on auto pilot and let the time-value of money take...
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