Has the pandemic modified your ideas on retirement, or retirement planning normally? In that case, how?

I’ve seen numerous reader feedback noting how the pandemic has modified their ideas on their profession normally — a number of individuals are leaning out, prioritizing higher work-life stability, and normally looking for happiness by way of their jobs and careers.

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However I’m curious — have your ideas on retirement modified due to the pandemic? In that case, how? I might see this getting into just a few methods:

• The carpe diem strategy – in spite of everything, we solely stay as soon as, so why save for a retirement which will or could not occur (attributable to pandemic, sickness, or different) when you possibly can spend the cash as we speak and know you’ll take pleasure in it?
• The buckling down strategy – you notice you received’t at all times have well being and youth, and determine to buckle right down to maintain Future You
• A pause to your common strategy – it’s been just a few bizarre years! The inventory market has been bizarre, the job market has been bizarre – so let’s take a quick pause and determine what’s happening.

My very own practices modified barely as a result of we had been so Covid Cautious, for thus lengthy — so it felt like cash we might have been spending on holidays or eating out may very well be redirected to (earlier than tax) financial savings accounts. So this isn’t fairly retirement considering, however it’s Future Me considering.

What are your ideas? Have you ever modified your strategy to retirement financial savings in any respect up to now few years?

Inventory picture through Stencil.

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