Blog Posts

Preparing for retirement is not entirely financial.

Your degree of happiness in your "second act" may depend on some factors that don't come with an obvious price tag.

Here are some non-monetary factors to consider as you prepare for your retirement.

Retirement can hit you like a brick wall if you let it. Without any planning and envisioning of your ideal retirement, you might be thrust into a new phase of life that leaves you feeling uneasy and unneeded. However, if you take some time to envision what an ideal retirement looks like to you, you may be much better prepared for this new phase of life. If you are nearing retirement, think about these questions:

When our parents retired, living to 75 amounted to a nice long life, and Social Security was often supplemented by a pension. The Social Security Administration (SSA) estimates that today’s average 65-year-old woman will live to age 86½. Given these projections, it appears that a retirement of 20 years or longer might be in your future.

Are you prepared for a 20-year retirement?

How about a 30-year or even 40-year retirement? Don’t laugh; it could happen. The Society of Actuaries predicts that an average healthy woman that reaches age 65 has a 44% chance of living past 90, and a 22% chance of living to be older than 95.

By Marc C. Shaffer

Life has changed and many have changed their mindset along with it. One major point of change has been careers – what they can offer, what’s important to you and what career it will take to live the life you want. During the pandemic, many people realized the desire for greater flexibility in their life and decided to start their own business. Pandemic entrepreneurs.

There are many retirement questions we hear over and over, so we know these are the major questions that weigh heavy on the minds of future retirees. Let’s discuss one big retirement question: What if inflation is high?