The Retirement Complication

Of those aged 65: 1% retire wealthy, 58% retire financially dependent and 5% are still working.

As Baby Boomers enter “retirement age”, a term now used ironically, they are faced with a number of new challenges that can cause them to re-assess their future. These complications can be difficult to deal with and may require additional insurance and financial planning.

1) Decreased Retirement Funds: After the crash of the stock and housing markets, many future retirees lost their retirement nest-egg and find themselves unable to get it back. This means that they will have to work longer than originally intended and invest their remaining funds more wisely.

2) Living Longer Lives: The challenge of a longer, healthier life sounds like a challenge everyone should want, yet a longer life Continue reading “The Retirement Complication” »