Higher prices at the gas pump, the grocery store, the airport, and many other items affected by today’s high inflation are challenging us to stretch our dollars as far as they can go – and for some, their retirement savings are taking the hit.
Folks often feel overwhelmed by the number of factors we need to consider as we build their retirement plan. It can seem confusing and overwhelming which can easily lead to procrastination.
Get this folks, according to a recent survey, 44% of men and 36% of women fear retirement more than death itself. According to the survey, the No. 1 fear Americans have about retirement is having a lack of income, with 87% saying that this scares them.
As you’ve heard me say many times, having a complete retirement system with downside risk mitigation strategies is crucial to set yourself up for the best chance of financial success in retirement.