PREPARING FOR RETIREMENT
...today is now 85 years. So many people are spending 25-30% of their life in retirement, often outliving their limited savings. Healthcare costs are continuing to spiral upward, while the benefits of some medical plans are becoming more limited. As a result, healthcare is taking up a larger portion of a retiree’s household budget than many people anticipate. Your house is not expected to skyrocket in value as in past years. As a result, you may not end up with a sizable “nest egg” profit from the sale of your home when you are preparing for retirement. Your salary may not continue to grow at the rate you expect. In an ironic twist, the income of many baby boomers is beginning to wane at a time when it is most critical to i...