Kane Reece

Growing up, my family was middle class and my father worked in the Navy for 26 years and spent another 15 in the U.S. Government. We both loved antique cars and he believed that his retirement plan would be selling those cars. When it came time to retire and for him to move to a beach in Florida, he decided to enact his plan of selling the cars. Each and every sale turned into a loss, the most drastic being a loss of $70,000.

When I recently asked him why he hadn't spoken to a financial advisor about retirement, he said...