By: T. Felder
Los Angeles, CA (The Hollywood Times) 04/19/21 – Ever think to yourself, what will life look like for me once I retire? Or will I ever be able to retire? If so, then The Retirement Mirage: Time to Think Differently should be added to your list of must-reads this spring.
In her book financial expert Nancy Hite takes her fiduciary responsibility to new heights by introducing new ways to look at retirement. Hite wants readers to dismantle their old beliefs about retirement and adopt a more futuristic approach. After all, most of us are living longer and the world is changing faster due to the advancement of technology.
Can you tell me a little about yourself and your background?
I started as a school teacher in Boston, Massachusetts teaching history. After three short years, I received tenure but wasn’t satisfied, so I stayed another year and then went back to school for business. I became a certified financial planner. My husband was a dentist in Boston and when he retired, he wanted to move to Florida, that’s where I opened up my first office.
What made you want to write The Retirement Mirage?
I didn’t really want to write a book, but my friends and family encouraged me to. I started recording myself via cell phone and figured I had enough information to share. My book ended up hitting number one on Amazon back in February.
People are living longer today than at any time in history — how can they prepare so they don’t run out of money before they run out of time?
With the advancement of healthcare and technology, more people are living to see 100 years old, so they must plan like they will be here 100 years! Financial planning is like a recipe, the base is there but you have to continue to add seasoning as you go. There are only three things you can do with money; spend it now, spend it later, or never spend it at all®. There isn’t a plug-in for experience, so I advise everyone to seek out a professional expert when planning for their future.
Technology is changing the world — how might this impact retirement?
It opens the door to the average investor. When you’re 25/30 you have time, but when you’re 40/50 time is limited. It also cuts the time it takes to do research, just make sure to check for accuracy.
The world is evolving and markets are becoming unsteady. How can people adapt to volatile markets?
The markets DNA is volatility, we cannot change those aspects. We have had a great run for the last ten years, the main thing to realize is to invest based on your level of comfortability. After all, ideas of money are formed around the kitchen table.
How does educating our children establish a strong financial foundation for financial stability?
As I mentioned earlier, our ideas about money are formed around the kitchen table. We learn our concepts of money when we are very young children, it’s emotional. So, it’s important to sit down and talk with your children about achievable goals relevant to them with a time frame.
Do you have any additional advice or suggestions to add?
We all save for what we want. Get a picture of a beach take that picture and put it on the mirror next to your photo and visualize yourself there and you’ll get there!
Where can people buy your book and how can they reach out to you?
There is no plug in for experience.
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