Reply to Saving for retirement when you don't plan to retire?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I agree that we are sometimes too quick to outsource these questions, but shouldn't you ask a financial planner? If you have or are on track to have $2 million, you probably could benefit from having someone look over your portfolio and insurance.[/quote]

No I don't have a financial planner. I've used someone before to give me some advice on investments but I think I'll do well to continue managing it myself. Of course a planner is going to tell me to save for retirement but my question wasn't about whether I should have ANY savings as much as it is about whether I should STOP saving for the unforeseen expenses once I reach a certain number. 
[/quote]

Right, and a professional can ask you the right questions about percentage of your current income, whether you want to travel, where you'd like to live, etc. and make sure you lock in your long-term care insurance at the right time. Your certain number isn't going to be the same as my certain number since I have children and some serious, disabling diseases in my family (Parkinson's, Alzheimers).

Believe me, I am all in favor of enjoying the good life while you are able, but I am another one who has seen the ghost of Christmas future in my own family and it has made me very conservative. A pro can help you separate emotion and wishful thinking from fact. Just my opinion.[/quote]

Hmm. Perhaps I need to revisit this. It is not unusual for entrepreneurs to be adverse to listening to non-entrepreneurs when it comes to managing money. Difficult to take advice from a person who hasn't made something from nothing. I wonder if I can find an entrepreneur turned financial advisor or someone who knows the type in the DC area. Ghost of Christmas future...that's a bit frightening.[/quote]

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