photo credit: woodleywonderworks
What are the greatest risks to retirement?
Throwing your back out while tossing a horseshoe or getting beaned in the head by one is not your greatest risk – at least not when it comes to your retirement. According to a recent Financial Planning Association research study, outliving investments and withdrawing savings too quickly were some of the greatest risks in retirement. Inflation and investing too conservatively were also considered risks.
Are you postponing retirement?
Approximately 14% of clients that use financial planners have delayed their retirement date for these key reasons:
- Insufficient investments.
- They enjoy remaining mentally active and productive at work.
- Need to keep their employer health care coverage (keeping the benefits).
What do you think are the greatest risks to retirement. Have you delayed your retirement date? Why?