WHEN IT COMES TO RETIREMENT, IT’S BETTER TO BE SAFE THAN SORRY
One thing we know for sure, society is adapting and changing pretty fast. What we took for granted 20 years ago probably doesn’t matter today and will probably be unthinkable 10 years down the road. What does that have to do with retirement? Well for one, you might not be able to retire when you want to. Here’s why:
Did you know that one out of two women and one out of three men over 60 today will live to be 90? Life expectancy has shot up and will likely continue to increase.
You’re going to be retired for a lot longer than your parents and grandparents were. Will your savings last as long as you need them to?
INFLATION, INTEREST RATES, THE JOB MARKET AND THE ECONOMY
You don’t have any control over these four factors, but, they can have a major impact on your retirement. These factors can affect when you retire and how much money you’ll have saved. Keep them in mind when planning your retirement.
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