Have you heard the ‘70% rule’? Not that you need to eat 70% free-range, organic, veggies (though I’m sure that rule is floating around out there). I’m talking about the idea that you’ll need 70% of your working income to live comfortably when you reach retirement. Although that ‘70% rule’ docks on some individual shores, it doesn’t apply to everyone.
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What does relaxation look like to you? Perhaps this looks familiar: you sit back comfortably and exhale as your shoulders dislodge from your ears. You sip your cappuccino and kick your feet up as you discuss your day. Laughter rings out as you say, “Can you believe I did that?” You’ve been looking forward to this stress relief all week.
It sounds great — doesn’t it? But it isn’t a visit to your salon. It’s a visit to your credit union. Wait. What? I know what you’re thinking: since when did discussing my finances reduce my stress level? Go with me on this one.
No doubt, a visit to your hair stylist is a nice experience: you enjoy a connected conversation, let go of your weekly worries, and relax. Imagine coming into your credit union and having the same experience. Ok. Maybe you won’t enjoy an aromatherapy head massage, or walk out with a stylish new do worthy of a selfie for social media. Actually maybe you could do that last one! Throw your arm around your advisor for a great thumbs-up photo! Sorry. Back to the analogy. Stick with me, here folks.