What is the right time to think of a retirement Plan B?

Plan B. Why do we need one? Contingencies. Because we never know the likelihood of all variables falling into place when planned for or desired.

As I reviewed this Chicago Tribune article, the one thing that crossed my mind was: how many of us give conscious thought to these factors when we are in the middle of our careers? Not many, I’d think.

And that is precisely when we need to. Not when it is time to call it a day. Then it is too late and we do not have the luxury of time to allow Plan A to fail.

Even if there is no Plan B (or more) at this point, is it too early to think of one? Is this a seed you want to plant now and see its progress over a few years, and adjust expectations accordingly?

Something to think about, share, and act on.