Tackle What You Fear
We naturally avoid things that scare us. According to a recent survey by Alianz Life Insurance, a "remarkable" 61% of Americans say they are more afraid of running out of money in retirement than they are of death. And yet 40% of respondents said they don’t have a financial plan for retirement and "they’re planning to just figure it out when they get there."1
Running out of money in retirement is a real possibility—if you haven't forecast how much money you'll need to live and come up with a plan to save up that amount of money while you're working.
However, funding your retirement is more than a simple math problem. Your post-work life is going to be different. It would be prudent to begin by acknowledging that change and setting expectations accordingly. Then you can begin to plan your finances around what your new chapter will look like.
Don’t forget to take into account the fact that life is full of surprises. There are going to be some factors that affect your life that you simply can't predict right now. And that's why your plan needs to include some flexibility. When an unexpected situation arises (financial, health-related, or otherwise), you need to have options in place.
There's no need to live in fear. We’re here to help you talk through the specifics of the retirement you hope to have and help you with the financial planning so that you'll know how much you'll need to live on and can be on track to save for that goal.
Schedule an appointment with one of our retirement concierges, SCHEDULE A MEETING or call (800) 394-6807
1. http://go.pardot.com/e/91522/t-overcoming-fear-of-the-water/95mx8s/2474950811/h/xSaPLjiZO_tQ8H2ZvqMWGyy9aWUqMfqqgrhTzFep2cE
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