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The most important aspect of retirement planning to me is the emotional aspect – my retirement plan has to give me a peace of mind. That is, I need to make sure that my retirement plan will provide me sufficient funds to sustain the way of life I envision myself to have in my retirement without the need to work myself to the bones for such funds.
This aspect – the importance of peace of mind – hasn’t changed over time; however, my specific plans on how to achieve this peace of mind exactly have changed. For example, in the beginning, I was very focused on putting majority of my retirement savings on a variable universal life insurance with a pension option, but as a result of the very high fees charged by the insurance company, I have decided to put the majority of my savings into a stocks portfolio.
I have seen VUL with pension options, balanced portfolio products sold by banks and insurance companies, and of course, company pension funds.
Please let me know if you need any clarification. I'm always happy to answer your questions.
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