Leaders
Accounting your cash to consider your “Enough”
Having enough money is a common concern for many people, especially as they approach retirement age. The fear of not having enough to live comfortably is a valid concern, but it can also lead to unnecessary worry and stress. As the discussion above highlights, many people die with more than enough money in their estate, and this can be attributed to the fear of not having enough.
It’s important to have a rational conversation about what “enough” means for you. This means taking into account your lifestyle, spending habits, and life expectancy. It’s also essential to consider that spending habits tend to slow down as people age, so what may have been necessary in your 60s may not be the same in your 80s.
Dr Steve Enticott outlines how we can identify our own “Enough”
Money Matters is presented by CIA tax
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