Retirement Planning Today Is Harder Than It Used To Be

Equipping Points:

Retirement planning simply isn’t the same as it used to be. From changes in life expectancy, the lack of pensions, and getting caught in the sandwich generation, there’s a lot to keep in mind when putting together your financial plan. Instead of taking advice from others who may have retired in a different era, it’s important to understand what strategy is right for you.

Although planning for retirement may be harder today than it was in the past, there are ways to take back the reins. By having a thorough understanding and working with a financial professional, your retirement plan can still serve you and your needs.

Here’s some of what we discuss in this episode:

  • Pensions are no longer the norm.
  • Life expectancy is longer, so we need to financially prepare for longer lives.
  • Some get stuck in the sandwich generation and caring for others.
  • You should be strategic about your Social Security income.
  • Taxes are an area where you can take control in retirement.

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:

Related Episodes:

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