Courtesy Ramsey Press Chris Hogan, a financial expert and bestselling author, believes 40-somethings are tempted to fall into the "I deserve" trap. It's a common pitfall where people look back at their accomplishments and decide to reward themselves with an expensive purchase or lifestyle upgrade. These behaviors are usually associated with a midlife crisis, but Hogan refers to them as "stupid" because they can easily hurt your retirement plan. Use Blooom to analyze your 401(k) today and see how...
A financial expert says the 'I deserve' trap can devastate a 40-something's retirement plans
Business Insider - 25 Jul 2020 17:40
Courtesy Ramsey Press Chris Hogan, a financial expert and bestselling author, believes 40-somethings are tempted to fall into the "I deserve" trap. It's a common pitfall where people look back at their accomplishments and decide to reward themselves with an expensive purchase or lifestyle upgrade. These behaviors are usually associated with a midlife crisis, but Hogan refers to them as "stupid" because they can easily hurt your retirement plan. Use Blooom to analyze your 401(k) today and see how...
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