https://www.retirementplanningscottsdale.com/2019/01/11/fiduciary-anil-vazirani-concerned-about-seniors-financial-situation-in-retirement/ Seniors say their Financial situation is worse in retirement. Transamerica data reports 36% of seniors are worse off financially since leaving the workplace. It’s wise to start planning before you retire and get realistic about how much savings you’ll need to retire. Of course this is going to depend on your health, lifestyle, expenses, the amount you’ll get from social security and so forth.
You’ll also require a budget. Start paying off debts like the mortgage, and larger bills now.
Another thing to think about are your expectations. Many people plan to do things in retirement that they find they cant afford to do such as travel and go on adventures around the world. It is best to get a solid plan in place now so you don’t find your retirement a time of struggle.
We can help you set up a plan that will keep you secure during your retirement years. Contact us for a complimentary consultation at 1-800-957-5604 x200.
Read more: https://www.thewealthadvisor.com/article/36-seniors-say-their-finances-are-worse-retirement
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