Money Concerns in Retirement
Retirement Compass
English - August 05, 2022 19:55 - 27 minutes - 37.9 MBInvesting Business financialadvisor investing retirement retirementplanning Homepage Download Google Podcasts Overcast Castro Pocket Casts RSS feed
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In this episode Tim and Jeff talk about the biggest concerns retirees have going into retirement.
Takeaways
Running out of money is the biggest concern of retirees. One of the big reasons for this is the possibility of going into long term care, which is expensive and rising in cost faster than regular inflation Longevity risk - the possibility of living a longer life than you might expect - is also a big concern Market risk concerns people because for those still working, most of their money is in 401K accounts, which have only market investment choices. When the markets are down, such as in 2022, this lowers the amount of savings available