Skip to main content

We all do it: You look at the four walls around you and think, if my pension doesn't hold up when I retire, I can always rely on the money I have invested in my home.

This is just one of the many dangerous mistakes we make when planning for retirement, according to Gregory Salsbury, author of Retirementology. He proposes a set of retirement planning principles based on the concept that retirement is not an isolated event and that planning for retirement is an ongoing process that encompasses all our financial decisions and is shaped by our emotions and biases.

Other key issues influencing investor behaviour include:

Story continues below advertisement

  • Justifying a big-ticket purchase because you were previously frugal
  • Fear of having to tap into retirement savings to support extended family
  • Realizing you really should have started planning for retirement years ago
  • Paralysis brought on by trying to comprehend contradictory, overwhelming and confusing financial information


Book Extract: The mistakes we make when trying to figure out how much we need for retirement

To replay the discussion, click on the live blog box below. BlackBerry and iPhone users can view a mobile-friendly version by clicking here.



Dr. Salsbury has spent more than 20 years researching and writing about retirement planning and investor psychology. While gathering material for Retirementology, he conducted focus groups with dozens of couples and families at various stages of their financial journeys. This is his second book, a follow-up to his 2006 publication, But What If I Live? which described a confluence of forces that were creating a "perfect storm" for a generation of under-saved and over-spent Baby Boomers.

Dr. Salsbury earned his doctorate from the University of Southern California and received Master's degrees from both the University of Illinois and USC's Annenberg School for Communications. He is executive vice president of Jackson National Life Distributors LLC.



Cat:e528746c-3414-401a-b14b-50247e3bdf01Forum:726cb897-65e7-4529-a1da-c5192c9aa85a





<iframe src="http://www.coveritlive.com/index2.php/option=com_altcaster/task=viewaltcast/altcast_code=6f219f172c/height=650/width=600" scrolling="no" height="650px" width="600px" frameBorder ="0" allowTransparency="true" ><a href="http://www.coveritlive.com/mobile.php/option=com_mobile/task=viewaltcast/altcast_code=6f219f172c" >Retirement planning: Mistakes we make</a></iframe>


Report an error
Due to technical reasons, we have temporarily removed commenting from our articles. We hope to have this fixed soon. Thank you for your patience. If you are looking to give feedback on our new site, please send it along to feedback@globeandmail.com. If you want to write a letter to the editor, please forward to letters@globeandmail.com.

Welcome to The Globe and Mail’s comment community. This is a space where subscribers can engage with each other and Globe staff. Non-subscribers can read and sort comments but will not be able to engage with them in any way. Click here to subscribe.

If you would like to write a letter to the editor, please forward it to letters@globeandmail.com. Readers can also interact with The Globe on Facebook and Twitter .

Welcome to The Globe and Mail’s comment community. This is a space where subscribers can engage with each other and Globe staff. Non-subscribers can read and sort comments but will not be able to engage with them in any way. Click here to subscribe.

If you would like to write a letter to the editor, please forward it to letters@globeandmail.com. Readers can also interact with The Globe on Facebook and Twitter .

Welcome to The Globe and Mail’s comment community. This is a space where subscribers can engage with each other and Globe staff.

We aim to create a safe and valuable space for discussion and debate. That means:

  • Treat others as you wish to be treated
  • Criticize ideas, not people
  • Stay on topic
  • Avoid the use of toxic and offensive language
  • Flag bad behaviour

Comments that violate our community guidelines will be removed.

Read our community guidelines here

Discussion loading ...

Cannabis pro newsletter