Thanks for Olivia Mellan’s article, “Retiring Minds” (The Psychology of Advice, cover story, March 2006). I turned 55 this month–also noticed a lot of dyslexic-type keyboarding. I also waffle on retirement goals and expectations. I know I want to live purposefully (making the world a better place, and maybe even creating more capital) as long as my mind and body allow. (I also have a twenty-something year old son–26, I think.)
Sometimes I think I will go full force in my current career until age 70 or 75, and sometimes a life of leisure seems quite appealing, as long as I do enough volunteer work to give a sense of accomplishment and contribution to society.
Clair H. Sauder, CFP
Irrational fear of capital gains
I Enjoyed Olivia Mellan’s March column, “Tax Evasiveness.” My problem is with clients who are so averse to paying capital gains that they insist on selling good holdings to reduce net gains (even I sell some losers and even Warren Buffett makes mistakes). But I won’t sell a stock that I feel is underpriced.
Financial Advisor with Raymond James