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1. Common Excuses
Why People Don’t
Save for Retirement

2. Introduction
• When it comes to procrastinating about saving money for
retirement, people seem to have one excuse after another.
Some seem quite logical, some seem pretty far out there, but
they’re all excuses at the end of the day.
• Here are some of the most common excuses, and how a good
financial advisor can help you get it together, regardless of
your situation.

3. I'll Work Longer
• More and more people are doing more activities later in life,
including working. For a lot of workers, the thought of retiring
at 65 or sooner isn’t overly important, and they intend to keep
working after that point in time.

4. I'll Work Longer
• This is certainly possible, as long as your health and the health
of the economy and job market continue to be strong.
• According to a piece from Fox Business, the ‘working longer’
scenario is a bit of a gamble because you can never really be
100% certain about either one of these variables.
• If you reach your sixties and either one starts to waiver and
you are lacking in the savings department, you could be in
deep trouble.

5. One or Both Parents Died
Young
• Some people lost one or both parents at a younger age, so
they either think that they will die young too, or want to “live
while they are young and can still enjoy it.”
• It’s completely understandable why someone would feel this
way, but it’s still not a reason to spend all your money now
and leave nothing for later.
• Medicine is different now, and there is a lot more information
available about health in general, so your chances of living into
your senior years are probably higher.

6. Too Many Expenses
• It’s easy to take a look at your current list of expenses and
decide that you just can’t squeeze out anything more. If it’s
literally all gone at the end of each month, where are the
savings supposed to come from?

7. Too Many Expenses
• This is where a financial advisor can help you, because in
many cases it’s just basic budgeting that is causing the
problem.
• An advisor can help you to rearrange your finances and debts
to create available funds where you thought there were none.

8. Saving the Money for Kid's
Education
• Sometimes, that extra savings money is tied up for the kid’s
post-secondary education. As explained on Fox Business,
wanting to save for the kids to go to college is a nice thing to
do, but you shouldn’t sacrifice your retirement money to do it.
• Your kids will have options when it comes time to go to
college, if they even decide to take that route. It’s always
possible to get a student loan, but when you reach retirement
age, there won’t be any loan options for you.

9. I Don’t Earn Enough
• If your wages are small, it can be difficult to save for
retirement, but this is another area where a financial advisor
can help. Most people just aren’t aware of the different
strategies and programs that are available to help you get
money put away for retirement.
• That’s why speaking with an expert is a wise decision to
explore your option, even if you don’t think you make enough.

10. What’s the Rush?
• According to a story on US News Money, many people feel
that retirement is just so far away and there’s really no rush to
start saving.
• With so many current things going on, focusing on a goal that
won’t come to fruition for decades is very difficult.

11. What’s the Rush?
• If you start saving earlier, you can actually save less as each
year goes by, making the process that much easier. The years
have a way of creeping by, and if you don’t pay attention and
get started saving, you will find yourself having to put away far
more each month to reach the same goal.

12. I Don’t Know How to Invest
Properly
• Pleading investment ignorance is a common excuse, but that’s
what utilizing an expert like a financial advisor is all about.
• An advisor knows what is required to meet your specific goals,
and they can customize a plan that will meet all your needs.

13. I Don’t Know How to Invest
Properly
• In a report put out by the Investment Funds Institute of
Canada, they found that Canadians who were advised about
their finances ended up having much higher amounts of
investable assets than those who were not advised.
• This report indicates the value of being financially
knowledgeable, and a financial advisor is the way to gain the
knowledge you need and plan for a successful retirement.