Upload
others
View
7
Download
1
Embed Size (px)
Citation preview
Expect to retire and then become self-employed
Expect to retire and work a part-time job
Expect to keep working as long
as possible
Plan to follow the traditional retirement model of working full time until a set date
and then stop working altogether
Among Those Ages 55-64, % Who Had Not Yet Retired:
How the Great Recession Impacted Retirement for Those Ages 45 & Up:
Costs that Could Increase in Retirement:
Source: Board of Governors of the Federal Reserve, Report on the Economic Well-Being of U.S. Households in 2016. Published May 2017.
Source: US News & World Report, 10 Costs That Could Increase in Retirement.
Retirement planning is an essential factor in your overall financial well-being. Work with your advisor to develop a personalized retirement plan that can help you pursue your long-term goals and objectives. Discuss your desired lifestyle, anticipated expenses and how you wish to spend your retirement years. Many retirees expect their expenses to decrease after retirement; however, for most, expenses increase. Here are 10 costs that could increase in retirement:
21% of Americans have NO retirement savings1
46% of non-retirees say they will NOT have enough money tolive comfortably in retirement2
8 in 10 workers expect their workplace retirement savings planwill be a source of income in retirement3
Only 19% of workers and 39% of retirees have tried to calculatehow much money they would need to cover healthcare costs in retirement4
Sources: 1https://www.cnbc.com/2018/05/11/how-many-americans-have-no-retirement-savings.html2https://news.gallup.com/poll/233861/update-americans-concerns-retirement-persist.aspx3https://www.ebri.org/docs/default-source/rcs/1_2018rcs_report_v5mgachecked.pdf?sfvrsn=e2e9302f_24https://www.ebri.org/docs/default-source/rcs/1_2018rcs_report_v5mgachecked.pdf?sfvrsn=e2e9302f_2
Multiple Sources Used by Retirees to Pay for Expenses During Retirement:
Source: U.S. Federal Reserve Report on Economic Well-Being in U.S. Households May 2017
Are YOU Prepared?
RetirementPlanning &Savings
Travel
Entertainment
Socializing
Health Insurance Premiums
Co-Pays & Deductibles
Prescription Drugs
Long-Term Care
Household Help
Grandchildren
Taxes
Average Amount of Thought Non-Retired Individuals Have Given to Retirement Planning:
Of Non-Retired Individuals:
A High Amount - 11%A Fair Amount - 16%
Little to None - 49%
Investment advisory services offered through CWM, LLC, an SEC Registered Investment Advisor. Carson Partners, a division of CWM, LLC, is a nationwide partnership of advisors. 00453702-R-0619