There’s a retirement savings crisis in the U.S. According to the Economic Policy Institute, “nearly half of families have no retirement account savings at all, and the median for all families in the U.S. is just $5000 in savings.
As beautiful as the idea of retirement seem’s it’s not always, golf courses and rainbows.
Many retirees simply have not invested and saved enough to keep up a lifestyle that they’ve dreamed of. With pensions quickly becoming a thing of the past, the only way to break this cycle is for younger generations to invest heavily in their 401k or other investment plans, early on in their lives.
As advisors, it is our duty to convey the great “savings crisis” with not a whisper….. but with a megaphone! We must be available to educate, guide and answer questions to help today’s retirees, and those that are just starting out on their retirement planning path.
If you have unanswered questions, or could use some help preparing for retirement, please contact us, we’re here to help.