Many people approach retirement with a high level of confidence, feeling good that their careful planning will serve them well in the years ahead. Others are uncertain. They worry about running out of money and being unable to capitalize on the free time retirement brings. And some exude a false confidence that erodes when they realize that, actually, they can’t answer retirement’s most pressing questions.
One of my goals when talking with prospective clients is to help them determine their confidence level. I ask them to score themselves from 1 to 10, with 10 being the highest level of confidence and 1 the lowest. (This scoring system comes with an asterisk. Fence-sitters are not allowed, so no one can score themselves a 7 — that is what people default to when they are indecisive and want to take the middle ground.)
