Financial Planning Tip October 2026
October 2026
Clients often ask our advice when they are thinking of retiring. But we also get questions from people thinking of changing jobs or even young people looking for a first job. We have two broad pieces of advice:
Don’t consider sunk costs. We all change as our lives unfold. Don’t let the choices you made when you were younger (maybe even 18 years old!) lock you into something you don’t want to be doing now. Take the next step thinking about the life you would like to lead, not whether or not you “wasted” any time preparing for a different life. Did you know that only 27% of college graduates have a job related to their major? And 29% of stay-at-home parents have a college degree or higher? It’s normal for your priorities to change as you live life.
Consider the financial ramifications. Even though retiring at age 30 may not be realistic for most of us, retiring earlier or later than you expect can be the right choice. Taking time off for your family can be the right choice. Switching careers can be life-changing. We can help you make the financial side of those decisions work out, so don’t be afraid to ask!
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