Would you care to guess what percentage of men age 51 years or older, making over $75,000 per year, who feel very confident about maintaining their current lifestyle in retirement?
According to the Journal of Financial Planning (July 2014) the number is less than half:
43% to be exact.
Women of the same age and the same income are even less secure:
Only 32% feel very confident that they can maintain their lifestyle in retirement.
If you are in the majority who are unsure about being able to retire and not cut back, isn’t it time you got a financial physical? Check out our website. Give us a call. It won’t cost you anything. We won’t try to sell you anything (we hate that when we’re on the receiving end of a sales pitch).
After looking at these statistics, it may explain why we have such a large number of women clients as well as retirees. Retirement should be a time to enjoy life, to do the things you never had the time to do before. It’s not the time to worry about money.