The Baby Boomer generation is the largest cohort of all time, with 10,000 individuals turning 65 every single day1. There has never been a more important time to understand retirement planning than right now, especially since the realm of retirement is changing with the aging population. Low interest rates, a more volatile market and rising healthcare costs are just some of the reasons why we need to reconsider retirement solutions.
0:40 “We are living a lot longer…which means our money has to last that much longer”
1:04 “Eighteen trillion dollars in debt is a problem; we know that taxes will probably go up at some point”
1:29 “Healthcare costs are the unknown variable costs in many people’s retirement plans that can dramatically decrease the size of your retirement nest egg”
1:40 “Seven out of ten people over the age of 65 will need long term care”
2:01 “How much money should you sock away to meet your healthcare needs?”
2:04 “The average 65 year old couple has a 50% chance that $163,000 is enough”
1 Source: AARP