In the realm of personal finance, sensible retirement planning and the fear of missing out (FOMO) often stand at odds with each other. It’s a balancing act between securing a comfortable retirement and succumbing to the allure of quick gains and trendy investments that may harm your long-term plan.
That dichotomy, pitting practicality vs emotion, is particularly manifest today as people are more worried than ever about whether they’ll have enough money to live the retirement lifestyle they desire. Some people who haven’t saved enough may be more prone to take investment risks to make up for lost time. But even people who have been disciplined and built a nice nest egg may be drawn to high-risk, high-reward opportunities that, if successful, can strengthen their retirement funds.
