When_CJS you_PNP hit_VVD your_DPS 50s_CRD ,_PUN you_PNP may_VM0 feel_VVI like_PRP it_PNP 's_VBZ time_NN1 to_TO0 make_VVI some_DT0 big_AJ0 decisions_NN2 ._SENT Unfortunately_AV0 ,_PUN some_DT0 of_PRF them_PNP can_VM0 be_VBI big_AJ0 mistakes_NN2 ,_PUN thanks_NN2 to_PRP a_AT0 so-called_AJ0 midlife_NN1 crisis_NN1 ._SENT Although_CJS very_AV0 common_AJ0 ,_PUN a_AT0 midlife_NN1 crisis_NN1 can_VM0 affect_VVI your_DPS thinking_NN1 ,_PUN and_CJC not_XX0 always_AV0 for_PRP the_AT0 better_AJC ._SENT 
In_PRP a_AT0 2007_CRD study﻿_NN2 ,_PUN economists_NN2 David_NP0 Blanchflower_NP0 and_CJC Andrew_NP0 Oswald_NP0 ﻿determined_VVD that_CJT midlife_NN1 crises_NN2 are_VBB real_AJ0 and_CJC commonplace_AJ0 ._SENT Using_VVG data_NN0 from_PRP 500_CRD ,_PUN 000_CRD Americans_NN2 and_CJC Europeans_NN2 ,_PUN Blanchflower_NP0 and_CJC Oswald_NP0 found_VVD that_CJT ,_PUN all_DT0 other_AJ0 things_NN2 being_VBG equal_AJ0 ,_PUN happiness_NN1 dipped_VVD to_PRP its_DPS lowest_AJS point_NN1 when_AVQ people_NN0 were_VBD in_PRP their_DPS mid-﻿_NN1 to﻿_NP0 late_AJ0 40s_CRD ._SENT Another_DT0 study﻿_NN1 ,_PUN which_DTQ they_PNP released_VVD in_PRP January_NP0 2020_CRD ,_PUN includ﻿ing_VVG data_NN0 from_PRP 132_CRD countries_NN2 ,_PUN confirmed_VVD this_DT0 conclusion_NN1 ._SENT 
"_PUQ It_PNP 's_VBZ natural_AJ0 to_TO0 reflect_VVI on_PRP your_DPS 20﻿-plus﻿-year_AJ0 career_NN1 as_CJS you_PNP raise_VVB kids_NN2 and_CJC do_VDB everything_PNI else_AV0 ,_PUN "_PUQ says_VVZ Michael_NP0 Baughman_NP0 ,_PUN a_AT0 ﻿certified_AJ0 financial_AJ0 planner_NN1 (_PUL CFP﻿_NP0 )_PUR at_PRP Parsec_NN1 Financial_AJ0 in_PRP Tryon_NP0 ,_PUN ﻿North_NP0 Carolina_NP0 ._SENT "_PUQ I_PNP 'm_VBB 45_CRD ,_PUN and_CJC I_PNP get_VVB the_AT0 desire_NN1 to_TO0 do_VDI something_PNI different_AJ0 sometimes_AV0 ._SENT "_PUQ People_NN0 can_VM0 lose_VVI the_AT0 fire_NN1 they_PNP once_AV0 felt_VVD for_PRP life_NN1 ._SENT "_PUQ Exploring_VVG your_DPS options_NN2 and_CJC trying_VVG new_AJ0 things_NN2 is_VBZ important_AJ0 ,_PUN as_CJS it_PNP may_VM0 lead_VVI to_PRP a_AT0 ﻿second_ORD or_CJC third_ORD career_NN1 or_CJC to_PRP the_AT0 transition_NN1 to_PRP a_AT0 successful_AJ0 retirement_NN1 down_PRP the_AT0 road_NN1 ,_PUN "_PUQ Baughman_NP0 ﻿points_VVZ out_AVP ._SENT 
﻿It_NP0 's_POS important﻿_NN1 ,_PUN however_AV0 ,_PUN to_TO0 be_VBI clear_AJ0 about_PRP why_AVQ you_PNP are_VBB dissatisfied_AJ0 ._SENT Taking_VVG a_AT0 step_NN1 back_AVP and_CJC thinking_VVG things_NN2 through﻿_NP0 ,_PUN ﻿_NP0 perhaps_AV0 with_PRP a_AT0 financial_AJ0 advis﻿er﻿_NN1 ,_PUN ﻿_NP0 can_VM0 help_VVI safeguard_VVI your_DPS future_NN1 ._SENT Otherwise_AV0 ,_PUN a_AT0 bit_NN1 of_PRF hubris_NN1 ,_PUN or_CJC the_AT0 doldrums_NN2 ,_PUN may_VM0 lead_VVI to_PRP serious_AJ0 ,_PUN irreparable_AJ0 missteps_NN2 ._SENT "_PUQ The_AT0 majority_NN1 of_PRF my_DPS clients_NN2 are_VBB over_PRP 50_CRD ,_PUN "_PUQ says_VVZ Rob_NP0 DeHollander_NP0 ,_PUN a_AT0 CFP_NP0 at_PRP DeHollander_NP0 Financial_AJ0 Group_NN1 in_PRP Greenville_NP0 ,_PUN South_NP0 Carolina_NP0 ._SENT "_PUQ I_PNP have_VHB helped_VVN some_DT0 recover_VVB from_PRP mistakes_NN2 ;_PUN others_NN2 I_PNP have_VHB talked_VVN down_AVP from_PRP bad_AJ0 choices_NN2 ._SENT A_AT0 few_DT0 have_VHB ignored_VVN my_DPS advice_NN1 ._SENT "_PUQ 
Go_VVB ahead_AV0 and_CJC enjoy_VVB your_DPS prosperity_NN1 ;_PUN you_PNP 've_VHB worked_VVN hard_AJ0 for_PRP it_PNP ._SENT Or_CJC look_VVB for_PRP something_PNI new_AJ0 to_TO0 relight_VVI that_DT0 fire_NN1 ._SENT As_CJS you_PNP do_VDB ,_PUN be_VBI sure_AJ0 to_TO0 avoid_VVI these_DT0 costly_AJ0 errors_NN2 that_CJT financial_AJ0 planners_NN2 often_AV0 see_VVB their_DPS clients_NN2 make_VVB ._SENT 
1.﻿_NN0 Dropping_VVG your_DPS financial_AJ0 plan_NN1 when_CJS the_AT0 market_NN1 fools_VVZ you_PNP 
Rose_NP0 Swanger_NP0 ,_PUN a_AT0 CFP_NP0 at_PRP Advise_VVB Financ﻿e_NN1 in_PRP Knoxville_NP0 ,_PUN Tennessee_NP0 ,_PUN is_VBZ concerned_AJ0 about_PRP two_CRD of_PRF her_DPS clients_NN2 who_PNQ are_VBB way_NN1 off_PRP track_NN1 ._SENT After_PRP decades_NN2 of_PRF working_VVG for_PRP a_AT0 nursing_AJ0 home_NN1 ,_PUN the_AT0 husband_NN1 quit_VVD his_DPS job_NN1 last_ORD June_NP0 ,_PUN and_CJC the_AT0 wife_NN1 called_VVD to_TO0 stop_VVI their_DPS monthly_AJ0 contributions_NN2 to_PRP their_DPS Roth_NP0 IRAs_NP0 and_CJC one_CRD brokerage_NN1 account_NN1 ._SENT When_CJS Swanger_NP0 asked_VVD when_CJS they_PNP would_VM0 resume_VVI their_DPS savings_NN2 ,_PUN they_PNP said_VVD "_PUQ ﻿Soon_NN1 ._SENT "_PUQ They_PNP ﻿still_VVB have_VHB n't_XX0 ._SENT At_PRP the_AT0 same_DT0 time_NN1 ,_PUN the_AT0 wife_NN1 said_VVD she_PNP expected_VVD an_AT0 annual_AJ0 12﻿_AJ0 percent_NN0 investment_NN1 return_NN1 with_PRP a_AT0 10﻿_AJ0 percent_NN0 yield_VVB from_PRP their_DPS dividend_NN1 payout_NN1 ._SENT "_PUQ Because_CJS of_PRF ﻿last_AJ0 year_NN1 's_POS C﻿OVID_NN1 ,_PUN the_AT0 market_NN1 had_VHD a_AT0 quick_AJ0 sellout_NN1 and_CJC dramatic_AJ0 recovery﻿_NN1 ,_PUN "_PUQ Swanger_NP0 says_VVZ ._SENT ﻿_NP0 "_PUQ Anyone_PNI who_PNQ stayed_VVD invested_VVN would_VM0 have_VHI a_AT0 return_NN1 of_PRF 30﻿_AJ0 percent_NN0 to_PRP 60﻿_NN0 percent_NN0 ._SENT But_CJC this_DT0 is_VBZ not_XX0 the_AT0 norm_NN1 ._SENT "_PUQ Unfortunately_AV0 ,_PUN she_PNP ﻿notes_VVZ ,_PUN these_DT0 are_VBB the_AT0 returns_NN2 they_PNP have_VHB come_VVN to_TO0 expect_VVI ,_PUN and_CJC they_PNP are_VBB still_AV0 on_PRP the_AT0 road_NN1 ﻿_NN1 —_PUN and_CJC not_XX0 saving_VVG ._SENT 
2._CRD Overspending_VVG out_AVP of_PRF an_AT0 inflated_AJ0 sense_NN1 of_PRF security_NN1 
Swanger_NP0 ,_PUN who_PNQ follows_VVZ these_DT0 clients_NN2 on_PRP Facebook_NN1 ,_PUN also_AV0 note﻿d_AJ0 that_CJT they_PNP were_VBD traveling_VVG and_CJC posting_VVG pictures_NN2 ._SENT At_PRP first_ORD ,_PUN she_PNP gave_VVD them_PNP ﻿the_AJ0 benefit_NN1 of_PRF ﻿the_AJ0 doubt_NN1 ._SENT "_PUQ They_PNP both_AV0 worked_VVD hard_AJ0 and_CJC deserved_VVD a_AT0 vacation_NN1 ,_PUN but_CJC it_PNP lasted_VVD for_PRP months_NN2 ._SENT "_PUQ She_PNP has_VHZ been_VBN sending_VVG them_PNP retirement_NN1 and_CJC investment_NN1 articles_NN2 to_TO0 raise_VVI their_DPS awareness_NN1 ,_PUN adjust_VVB their_DPS expectations_NN2 and_CJC encourage_VVB them_PNP to_TO0 start_VVI saving_VVG again_AV0 ._SENT "_PUQ Hopefully﻿_NP0 ,_PUN they_PNP will_VM0 come_VVI back_AVP to_PRP their_DPS senses_NN2 soon_AV0 ._SENT "_PUQ 
Like_PRP Swanger_NP0 's_POS clients_NN2 ,_PUN you_PNP may_VM0 feel_VVI that_CJT you_PNP 're_VBB in_PRP the_AT0 strongest_AJS financial_AJ0 position_NN1 ever﻿_NN1 —_PUN ﻿_NN1 and_CJC get_VVB carried_VVN away_AV0 ._SENT "_PUQ People_NN0 can_VM0 lose_VVI focus_NN1 or_CJC have_VHB an_AT0 inflated_AJ0 sense_NN1 of_PRF retirement_NN1 security_NN1 ,_PUN "_PUQ says_VVZ Dan_NP0 Hill_NP0 ,_PUN a_AT0 CFP_NP0 at_PRP Hill_NP0 Wealth_NN1 Strategies_NN2 in_PRP Richmond_NP0 ,_PUN Virginia_NP0 ._SENT This_DT0 mindset_NN1 can_VM0 lead_VVI to_PRP spending_NN1 on_PRP new_AJ0 sports_NN2 cars_NN2 ,_PUN an_AT0 expensive_AJ0 hobby_NN1 ,_PUN extensive_AJ0 home_NN1 renovations_NN2 ,_PUN a_AT0 rental_NN1 property_NN1 or_CJC a_AT0 summer_NN1 ho﻿use_NN1 ._SENT ﻿Overconfidence_NN1 may_VM0 also_AV0 prompt_VVI the_AT0 urge_NN1 to_PRP empty_AJ0 savings_NN2 accounts_NN2 or_CJC borrow_VVB from_PRP 401_CRD (_PUL k_ZZ0 )_PUR s_ZZ0 to_TO0 take_VVI dream_NN1 vacations_NN2 ._SENT "_PUQ While_CJS such_DT0 purchases_NN2 can_VM0 make_VVI you_PNP feel_VVI happy_AJ0 ﻿and_NN1 enjoy_VVB life_NN1 in_PRP the_AT0 moment_NN1 ,_PUN they_PNP could_VM0 greatly_AV0 impact_VVB your_DPS retirement_NN1 lifestyle_NN1 ,_PUN "_PUQ Hill_NP0 says_VVZ ._SENT 
3._CRD Making_VVG risky_AJ0 moves_NN2 with_PRP your_DPS career_NN1 
Dennis_NP0 Nolte_NP0 ,_PUN a_AT0 CFP_NP0 at_PRP Seacoast_NP0 Investment_NN1 Services_NN2 in_PRP Winter_NP0 Park_NP0 ,_PUN Florida_NP0 ,_PUN ﻿cautions_NN2 against_PRP trading_VVG your_DPS long﻿-standing_AJ0 safe_AJ0 job_NN1 for_PRP a_AT0 risky﻿_NN1 ,_PUN enticing_AJ0 start﻿-up_NN1 ,_PUN ﻿in_NP0 the_AT0 hop﻿e_AJ0 ﻿of_NN1 cash﻿ing_VVG in_AVP on_PRP the_AT0 stock_NN1 options_NN2 ._SENT Too_AV0 often_AV0 ,_PUN start﻿-ups_NN2 sputter_VVB ._SENT Or_CJC instead_AV0 of_PRF working_VVG for_PRP a_AT0 start﻿-up_NN1 ,_PUN you_PNP may_VM0 decide_VVI to_TO0 ﻿open_VVI a_AT0 business_NN1 with_PRP retirement_NN1 savings_NN2 or_CJC home_NN1 equity_NN1 ._SENT If_CJS you_PNP 're_VBB not_XX0 careful_AJ0 ,_PUN ﻿though_AJ0 ,_PUN your_DPS savings_NN2 could_VM0 go_VVI "_PUQ poof_NN1 ,_PUN "_PUQ Nolte_NP0 says_VVZ ._SENT "_PUQ My_DPS dad_NN1 did_VDD that_DT0 one_PNI ._SENT It_PNP 's_VBZ an_AT0 abdication_NN1 of_PRF the_AT0 discipline_NN1 and_CJC perseverance_NN1 that_CJT put_VVD you_PNP in_PRP a_AT0 good_AJ0 financial_AJ0 position_NN1 ﻿in_NN1 the_AT0 first_ORD place_NN1 ._SENT "_PUQ Such_DT0 moves_NN2 ,_PUN Nolte_NP0 ﻿observes_NP0 ,_PUN are_VBB usually_AV0 prompted_VVN by_PRP FOMO﻿_NP0 —_PUN fear_NN1 of_PRF missing_VVG out_AVP on_PRP your_DPS dream﻿_NN1 —_PUN ﻿or_NN1 by_PRP boredom_NN1 or_CJC greed_NN1 ._SENT 
Find_VVB an_AT0 inexpensive_AJ0 hobby_NN1 instead_AV0 ,_PUN s﻿uggests_NN2 Ryan_NP0 Marshall_NP0 ,_PUN a_AT0 CFP_NP0 ﻿and_NN1 partner_NN1 at_PRP E﻿﻿la_NP0 Financial_AJ0 Group_NN1 ,_PUN in_PRP Wyckoff_NP0 ,_PUN New_NP0 Jersey_NP0 ._SENT "_PUQ There_EX0 are_VBB plenty_PNI of_PRF things_NN2 you_PNP can_VM0 do_VDI for_PRP fun_NN1 ._SENT "_PUQ 
4._CRD Overindulging_VVG your_DPS offspring_NN0 
It_PNP 's_VBZ a_AT0 natural_AJ0 impulse_NN1 to_TO0 help_VVI your_DPS kids_NN2 enjoy_VVB the_AT0 opportunities_NN2 that_CJT you_PNP might_VM0 not_XX0 have_VHI had_VHN ._SENT But_CJC do_VDB n't_XX0 overindulge_NN1 them_PNP at_PRP the_AT0 expense_NN1 of_PRF your_DPS future_NN1 ._SENT Brad_NP0 Lineberger_NP0 ,_PUN a_AT0 CFP_NP0 at_PRP Seaside_NN1 Wealth_NN1 Management_NN1 in_PRP Carlsbad_NP0 ,_PUN California_NP0 ,_PUN has_VHZ seen_VVN people_NN0 "_PUQ absolutely_AV0 destroy_VVB their_DPS financial_AJ0 plan_NN1 over_PRP the_AT0 years_NN2 "_PUQ in_PRP this_DT0 way_NN1 ._SENT "_PUQ They_PNP help_VVB their_DPS kids_NN2 buy_VVB a_AT0 home_NN1 or_CJC start_VVB a_AT0 business_NN1 ,_PUN which_DTQ is_VBZ fine_AJ0 ﻿and_NN1 good_AJ0 if_CJS you_PNP can_VM0 afford_VVI it_PNP ._SENT Do_VDB n't_XX0 do_VDI it_PNP if_CJS you_PNP ca_VM0 n't_XX0 ._SENT "_PUQ 
Catherine_NP0 Valega_NP0 ,_PUN a_AT0 CFP_NP0 at_PRP Green_NP0 Bee_NN1 Advisory_AJ0 in_PRP Winchester_NP0 ,_PUN Massachusetts_NP0 ,_PUN sees_VVZ parents_NN2 pay_VVI too_AV0 much_DT0 for_PRP college﻿_NN1 out_AVP of_PRF cash﻿_NN1 flow_NN1 when_CJS they_PNP should_VM0 be_VBI maximizing_VVG their_DPS own_DT0 savings_NN2 ._SENT Or_CJC they_PNP take_VVB out_AVP loans_NN2 ._SENT "_PUQ You_PNP must_VM0 work_VVI together_AV0 as_PRP a_AT0 family_NN1 to_TO0 find_VVI the_AT0 right_AJ0 school_NN1 at_PRP the_AT0 right_AJ0 price_NN1 ._SENT "_PUQ 
﻿And_AJ0 clients_NN2 also_AV0 ﻿err_NP0 ﻿by_NP0 tak﻿ing_NN1 distributions_NN2 from_PRP their_DPS 401_CRD (_PUL k_ZZ0 )_PUR s_ZZ0 to_TO0 help_VVI pay_NN1 for_PRP a_AT0 child_NN1 's_POS college_NN1 expenses﻿_NN1 ,_PUN according_VVG to_PRP Cynthia_NP0 Pruemm_NP0 ,_PUN founder_NN1 of_PRF SIS_NN1 Financial_AJ0 Group_NN1 in_PRP Hoffman_NP0 Estates_NN2 ,_PUN Illinois_NP0 ._SENT "_PUQ Do_VDB this_DT0 before_PRP age_NN1 59﻿_AJ0 and﻿_NN1 a﻿_NN1 half_NN1 and_CJC you_PNP 'll_VM0 be_VBI hit_VVN with_PRP a_AT0 10﻿_NP0 percent_NN0 penalty_NN1 ._SENT "_PUQ And_CJC remember﻿_NP0 ,_PUN ﻿kids_NN2 can_VM0 take_VVI out_AVP a_AT0 loan_NN1 for_PRP college﻿_NN1 ,_PUN but_CJC ﻿you_NP0 ca_VM0 n't_XX0 ﻿get_VVI a_AT0 loan_NN1 for_PRP retirement_NN1 ._SENT 
5._CRD Acting_VVG on_PRP unprofessional_AJ0 advice_NN1 
The_AT0 bottom_AJ0 line_NN1 :_PUN Run_VVB any_DT0 investment_NN1 ideas_NN2 past_PRP a_AT0 qualified_AJ0 ﻿financial_AJ0 adviser﻿_NN1 ,_PUN ﻿who_NP0 will_VM0 challenge_VVI your_DPS thinking﻿_NN1 if_CJS necessary_AJ0 ._SENT "_PUQ Do_VDB n't_XX0 listen_VVI to_PRP your_DPS friends_NN2 '_POS and_CJC coworkers_NN2 '_POS financial_AJ0 advice_NN1 ,_PUN Marshall_NP0 says_VVZ ._SENT "_PUQ Their_DPS situation_NN1 may_VM0 be_VBI completely_AV0 different_AJ0 ,_PUN or_CJC they_PNP may_VM0 not_XX0 know_VVI what_DTQ they_PNP are_VBB talking_VVG about_AVP ._SENT I_PNP have_VHB heard_VVN about_PRP a_AT0 lot_NN1 of_PRF bad_AJ0 advice_NN1 from_PRP peers_NN2 ._SENT "_PUQ 
