Two Big Blind Spots Wealthy People Have About Retirement

High-net-worth people, like everyone else, underestimate their longevity, rising costs in retirement and the emotional impact of their lifestyle changes.

A retired couple sit at their kitchen island and look at paperwork and a laptop.
(Image credit: Getty Images)

Retirement is about so much more than money. If wealth were enough, affluent people would have no issues transitioning into their retirement years. But talk to high-net-worth people, and they’ll tell you a different story.

We at Northwestern Mutual did just that in a research study of wealthy Americans. We found they share a pair of blind spots when it comes to retirement planning. Recognizing and getting ahead of these blind spots early could mean the difference between exhilaration and anxiety in retirement.

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Aditi Javeri Gokhale
Chief Strategy Officer, President of Retail Investments and Head of Institutional Investments, Northwestern Mutual

Aditi Javeri Gokhale holds executive accountabilities for Northwestern Mutual’s strategy to drive growth, competitiveness and relevance. In addition, she leads teams that oversee more than $540 billion in company and client assets, including over $325 billion in the institutional investment portfolio and $215 billion in retail client assets. She is also accountable for NM Future Ventures (the company’s venture investing arm) along with digital disruptor, Wyshbox.