5 Reasons Why Impatience Can Hurt Your Retirement
We’ve all heard it said, “patience is a virtue” – and that’s certainly true. But when it comes to real life, how many of us actually believe and practice patience? Southern California freeways come to mind, for instance. Most of us tend towards impatience.
During retirement, being impatient at the wrong time can really hurt you down the road. Here are 5 reasons why:
1. market timing risk
2. chasing short term gains
3. emotional turmoil
4. lack of discipline
5. taking too much risk