BOSTON (TheStreet) -- Marathoners often refer to miles 18 through 22 as the hardest part of a race, because it's when when most runners "hit the wall." At this point, their stores of glycogen have plummeted and they experience dramatic fatigue until the final phase of the race, when adrenaline kicks in again to pull them across the finish line.Saving for retirement is a marathon, not a sprint, and if that's the case, many investors "hit the wall" in their 50s. While retirement beckons, the finish line is not quite close enough to fully relax and assume the final phase of the race is in the bag. Like runners in a marathon, most of us heading toward retirement in our 50s need to carefully plan our route, re-evaluate strategies along the way and possibly adjust expectations to make sure we have what we need to get to the finish.
|Saving for retirement is a marathon, not a sprint, but many investors "hit the wall" in their 50s.|