Retirement Worries & Preparedness

From the Society of Actuaries' the 3 biggest retirement concerns are:

1. Healthcare cost
2. Effect of inflation on their nest eggs
3. Not being able to maintain a reasonable standard of living

Do retiree's have a reason to be concerned? Yes!!!!

From the U.S. Census Bureau, the median U.S. household income is $48,451. The median U.S. household income for those 65 and older is $16,770. This is about 35% of the median value which is about half of the guideline of 70%.

This is a big deal when the median retirement age household has only about 1/2 of the needed resources.

Bottom line: Start saving early and invest wisely