After extensive polling, the number one concern for most retirees is outliving their income. Much of today’s workforce do not have enough to guarantee success in retirement, and a recent study found that the average median savings of millennials is only $8,000—promising that adequate saving for retirement will be a problem for a long time to come. For this reason, and for the struggle I see and work I do on behalf of my clients every day, I wanted to discuss a few factors that can erode retirement designated wealth, as well as pose some solutions.
Scott Tuxbury, Vice President and Leader for the Retirement and Wealth Management Practices at Sapers & Wallack answers 3 questions about our February blog, “Reimagining Retirement Distribution Planning”. Listen to our podcast here: Share this postFacebook0TwitterLinkedinPinterest0
What pre-retirees owe could compromise their future quality of life.The key points of retirement planning are easily stated. Start saving and investing early in life. Save and invest consistently. Avoid drawing down your savings along the way. Another possible point … Continue reading