What is the Biggest Retirement Concern?

People in retirement aren’t afraid of dying. They are afraid of running out of money. 

At Retirement Income Solutions, we structure retirement strategies and create plans—for pre-retirees and retired individuals—to create a worry-free retirement. For years, we have known that the most significant retirement concern individuals have in their golden years is running out of money.

What we have known for all this years now comes to the surface as a statistic. The Personal Financial Planning (PFP) Trends Survey of financial planners from the AICPA reveals that the number one fear Americans have about retirement is running out of money.

The AICPA survey shows the top three concerns retirees have:

• Running our of money in retirement is the number one concern.
• Maintaining their current lifestyle and spending levels was second with 28.6% (and 64% include it in the top three).
• Rising healthcare costs was third at 10.9% (and 50.9% include it in the top three concerns).

A Worry-Free Retirement

Our commitment is to ensure our clients have a worry-free retirement; this means they have security, consistency, and freedom in their retirement years.

As an independent advisory, we have the flexibility to customize retirement plans that designed specifically to our clients’ needs. We don’t believe in the cookie-cutter approach used by many financial advisers and consultants. Everyone has different circumstances and needs; one size does not fit all in retirement. 

If you have concerns about health in retirement, our certified long-term care specialist, Michael Standley, CLTC is available to provide information. Contact us today!

Damian Jude Sylvia
Retirement Income Solutions
Office: 732-508-6044
Direct: 732-284-0902
Email: Damian@MyFinancialSolution.org
Website: RetirementSolutionsNJ.com