One of the key hurdles to retirement planning, Vishal Kapoor said, was simple procrastination.
“It just seems to be plain, simple, boring inertia. That is the biggest reason we have not as yet started planning for our retirement,” he said.
While financial constraints and lack of knowledge do play a role, the overwhelming majority simply put off making a decision. “I didn’t feel like doing it today, I think I’ll do it tomorrow,” he said.
Kapoor also addressed concerns about financial independence in retirement.
Read more: https://www.outlookmoney.com/retirement/forty-after-forty
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