POSTED: Wednesday, February 20, 2013 - 11:15pm
UPDATED: Monday, February 25, 2013 - 11:23am
Tyler, TX — Then when retirement savers come to a point and think, "I didn't take time to enjoy my life."
KETK spoke to a financial advisor about this retirement error, Jay Oliver tells KETK, some people fear spending.
"They don't want to make a mistake, that is they don't want to take out money rapidly and spent it too soon in their retirement then not have what they need later," says Jay Oliver, Financial Advisor, Rose Point Capitol.
Oliver tells KETK, people work hard for many years, they sacrifice, make investments for the future, but are not happy.
"I think one of the best ways to prepare for retirement is to budget your retirement savings like you would anything else," says Jay Oliver, Financial Advisor, Rose Point Capitol.
KETK also got some advice from a resident at 'Rosewood States Retirement' in Tyler,
Where Jeff Sewell and his wife live, he tells KETK, people should go places and fun while they can.
"We found our in a rut, sort of a slave to our house, and our yard and doing the same thing everyday so we started seeking another way," say Jeff Sewell, Texarkana Veteran.
He tells KETK, after he served in the army, he worked at a business, planned for retirement, made time to travel and enjoy quality time with his family.
Sewell, will be 85 years old, but he says he doesn't feel like it. He looks back on life and tells KETK, it was a good time.
"I certainly thank the lord everyday that he gives me the ability to be as active as I am and to be able to take are of my wife and to be able to take care of the people and go place and do things," say Jeff Sewell, Texarkana Veteran.