“When it comes to important life transitions like retirement, perspective, judgment and objectivity are vital to prevent mistakes that can lead to disaster,” asserts the author of today’s article. The problem? Too many people forego the aforementioned in favor of overly simplistic (and overly optimistic) “back-of-the-envelope” planning. What are some critical steps many people fail to take – and important facts many people fail to consider – when they take a back-of-the-envelope approach to retirement planning? What does the author recommend doing instead in order to avoid going down this potentially disastrous path yourself? CLICK HERE to find out.
The statistics outlined in today’s article regarding baby boomers and retirement aren’t all disconcerting, but most of them are (90% to be exact!). Nonetheless, the author believes these are facts that boomers planning on retiring in the not-so-distant future need to be aware of. What “pretty scary” amount does the average boomer have saved for retirement? What percentage of 65-year-olds today will live past the age of 90? What percentage of retired households end up spending more money, not less, in retirement? How much will the average healthy 65-year-old couple today end up spending on healthcare costs in retirement? For these sobering stats and more – including one piece of positive news – CLICK HERE.