The old strategies retirees need to unlearn For many retirees, the attitudes and aptitudes that drove them to excel in school are the things that seemed to prevent them from taking risks and pursuing new learning paths in adulthood, writes Sara Lawrence-Lightfoot, a professor at Harvard University. As a result, "they have to unlearn old school habits,” writes Lawrence-Lightfoot, adding that there is a "critical disjuncture" between what they learned in school and the need to learn new things later in life. Moving forward seems to be as much about shedding old, deeply ingrained ways of knowing and excelling as it was about taking the leap of faith into the unknown and mysterious next chapter of their lives."  --The Wall Street Journal

4 ways clients are sabotaging their retirement in their 30s Clients who are in their 30s should have a high tolerance for risks but many of them do not invest in stocks because they don't trust the financial markets, an expert says. Many workers in the age bracket also make the mistake of not making enough contributions to their retirement accounts and living beyond their means, other experts add. Another mistake some young investors make is to think they engage in investing when in fact they are simply trading, one expert notes.  --The Motley Fool

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