If you’re like most Americans, you’re not saving enough for retirement – and once you stop working your lifestyle is going to face some big, often unanticipated adjustments!
A study from the Center for Retirement Research at Boston College reveals that fewer than half of U.S. households will be able to maintain their pre-retirement lifestyle after retirement. The biggest single problem is a simple one: people aren’t saving enough. As a result, many if not most retirees will face unpleasant surprises in the future. This failure to plan affects every aspect of a retiree’s life.
We’ve consulted with thousands of seniors, and virtually every single one wants to avoid becoming a burden to their loved ones as they age. To do this they hope to protect the assets they’ve managed to accumulate. But without a solid plan, when retirement resources prove inadequate, those closest to you will be making plans on your behalf. This will put great pressure on them and force you into lifestyle choices that don’t reflect your wishes.
So what do you do once you’ve decided it’s time to get serious about retirement planning? We recommend retirees attend one of our Life Planning Seminars taking place regularly at locations throughout the Puget Sound region. At these seminars you’ll gain vital information to help you create – or improve – a comprehensive plan for your retirement years. Click on the Upcoming Events tab on our website for a location near you.
(Originally reported at www.nbcnews.com)