Are you an optimist or a pessimist?
I believe that the vast majority of people are pessimists when it comes to religion and politics, but when it comes to their finances they are mostly optimists. The banker loves to sell you a variable mortgage because he knows that rates will go up, but you, being the eternal optimist, are sure they won't. We buy things on credit because we believe we'll have more disposable income next year than we do today.
But when it comes to retirement planning, it might be a good idea to take a "what if?" frame of mind as you make your decisions. Here are 4 areas that you should consider.