Boomers are facing longer life expectancies than any generation. Experts tell us this group will need to plan for retirement that could last more than 30 years. An entire generation is feeling the squeeze of retirement costs, increasing life expectancy and the balance of not outliving their retirement nest egg. Fidelity completed a study that revealed, on average, investors are beginning to work with retirement advisors up to 20 years before their planned retirement.
You may be in retirement longer than you think
- Will my retirement savings be enough?
- Can I maintain my current level of spending?
- How should my assets be allocated?
- Can I retire now, or should I wait?
Retirement income is basically two parts
- Personal savings
- Earned income
- Rental income
- Outside sources
- Social Security