Equipping Points:
Retirement is closer than you think, but are you ready? With a staggering number of people lacking confidence in their retirement savings, Eric shares the misconceptions people have and what mistakes can derail someone’s financial future. Many people feel inadequate when it comes to what they have saved in their nest egg, uninformed about the pitfalls of target date funds, and unprepared about the reality of leaving the workforce earlier than expected.
Having someone you can trust to provide holistic planning can make all the difference as you navigate these different things in life. Putting all of these things in your plan can bring the confidence and understanding you need to tackle whatever may happen in the future.
Here’s some of what we discuss in this episode:
- 76 percent of Baby Boomers say they are not confident they have saved enough.
- 30 percent of workers say they don’t know what to do with their 401(k).
- 46 percent of workers leave the workforce earlier than they planned.
- Only 24 percent of retirees work with a financial advisor of some sort.
If you have any questions about what we discussed on the show or want to follow up with any financial planning questions of your own, get in touch with us and schedule a visit here.
Today’s Takeaway:
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