More than ever, people need to change their thinking about retirement.
From depending on Social Security to building self-reliance.
Why, Kryshonda? Isn’t that what I worked all these years for?
Stay with me…
In the 1940s, for every retiree, there were over 40 workers contributing to Social Security. Today, this number has shrunk to less than 3 per retiree.
This imbalance will put increasing pressure on the government’s ability to sustain Social Security and provide benefits to seniors who are living longer and require more support.
Here are the Top 5 Financial Concerns for Retirement:
Inflation: As prices rise, your purchasing power decreases. Planning for inflation is crucial to ensure your savings last.
Healthcare Costs: Medical expenses can be significant in retirement. Consider supplemental insurance and maintain a healthy lifestyle to manage costs.
Longevity: With people living longer, it’s essential to ensure your savings can support you throughout your retirement years.
Market Risk: Diversify your investments to protect against market volatility.
Social Security: With fewer workers supporting more retirees, the sustainability of Social Security is uncertain.
Translation: You must fund your own retirement. You should not rely on unions, your employers, or the government. You must take charge of your financial future and develop new financial habits.
Your financial independence is not a dream. It is a priority. By addressing these concerns and taking proactive steps, you can secure a comfortable and fulfilling retirement.
As your guide on the side, I’m here to help you to create a plan that aligns with your values, goals and allows take control of your financial future.
ACTION STEP: If you’re ready to take control of your finances and achieve true wealth, I invite you to book one of the FREE Personal Finance Strategy (PFS) Sessions, because when they are gone, they are gone.
So, let’s work together to create a plan that aligns with your values and goals.
Click the link below to schedule your session today!
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