A Quick Retirement Quiz

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A Quick Retirement Quiz

      Can You Pass a Quick Retirement Quiz? Ready for retirement? You may not be if you can’t ace this quick retirement quiz. See how much you know about retirement and what you need to do to take care of your own retirement needs. Because people are retiring earlier and living longer, the average retiree will spend about ____ percent of adult life in retirement. Comprehensive retirement planning is multi-dimensional. It requires making choices about housing, health care, income and being sensitive to ______ planning issues. Today we tend to have _____ expectations about our retirement lifestyle. We expect to lead active lives […] Read more »

4 Surprising Insights about High Net Worth Retirees

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wealthy retires can struggle in retirement

Wealthy Retires Can Struggle in Retirement Did you know that only 13 percent of workers are very confident of having enough money to live on when they stop working[1]? That percentage is low even for people who have a high net worth. So let’s reveal some truths about retirees and workers who will soon face retirement. Insight #1: Wealthy People Often Struggle In Retirement I’ve seen it many times. Some wealthy people fail to understand the serious financial challenges that even their high net worth can’t protect them from when they retire.  They don’t see the many factors that can destroy financial comfort for anyone: […] Read more »

Surviving Retirement’s High Health Care Costs

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Surviving Retirement’s High Health Care Costs

A couple who retired in 2013 is expected to need $220,000 to cover their health care cost in retirement. By some estimates health care will cost you more than food when you retire. For example, in the United States the average cost of a hospital stay increased 90 percent from 2000 to 2010, climbing from $17,390 to $33,079 according to the Health Industry Distributors Association. The better you plan for these high health care costs now, the more comfortable and secure your retirement will be. So how do you plan? Step one is no surprise: educate yourself. Learn about your options for health expense coverage. […] Read more »