You’re Doing It Because of FOMO (Fear Of Missing Out)
“I have had clients who have retired earlier than they should have because they felt they ‘deserved it,’” said Joseph Conroy, CFP, a financial consultant at Synergy Financial Group. “The problem is while they may have deserved it, they weren’t prepared for it. This can happen more often when there is an age gap between spouses.”
Conroy gave the example of a couple with a husband in his late 60s and a wife in her early 60s where FOMO — or the fear of missing out — got the best of them.