Despite the extensive information available from many sources about retirement planning, many people remain puzzled and disconnected from that type of planning. As mentioned in a previous article, there is an abundance of advice being offered by investment professionals, but not as much assistance on getting into and through the process of planning for retirement.
And, not surprisingly, the advice being sought is by older people, often within a few years of retirement, when there are fewer planning options. There are some centers or think tanks observing and reporting on the retirement process, notably the Center for Retirement Research at Boston College. And as baby boomers move further toward and into retirement, the topic will be discussed even more. But all this is to say that help of some kind is available, not that people are taking advantage of it when and to the extent they should. And some good advice and guidance is sandwiched between offers and advice that are too general to be helpful. Psychologists would describe the delay in planning for life after a long career, despite the abundance of help available, with the term avoidance.
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