Adults should consider planning for a retirement that could last 20+ years.

According to the Social Security Administration, a healthy 65-year-old woman has a very good chance of living to age 86, and a 65-year-old man has a good chance of reaching age 84.

Source: GOBankingRates.com

On average, an American turning 65 today will incur $137,800 in future long-term care services and supports costs.

Source: Department of Health & Human Services

Debt-to-GDP has historically been a leading indicator of income tax increases in the US. Almost half (47%) of Americans expect their taxes to go up significantly in the next four years.

Where do you think taxes are headed in the future?

Sources: The Balance, FRED, Tax Policy Org, Nationwide

Did you know?

76% of people are NOT discussing the impact of inflation and how it can prevent them from enjoying their retirement.

Source: Allianz

Did you know?

The average Bear Market drops nearly 40% and lasts 3.8 years.

Source: GOBankingRates.com

Did you know?

Social Security typically represents approximately 30% of a retiree’s income. This income source can decrease by up to 50% when a spouse passes away.

Source: Social Security Administration

There is a Growing Concern of Outliving One’s Money in Retirement

Three in five Americans say that not having enough money in retirement is a top financial concern.

Source: Yahoo! Money

As investment loss increases, the gain required to restore the loss increases at an escalating rate.

Please Note: Needed % gain to restore loss = [1 / (1 – % Loss)] – 1 For example, the needed gain to restore a 10% loss can be expressed as: [1 / (1 – .10)] – 1 = .1111 or 11.11% Thus, the needed gain to restore the 10% loss is 11.11%. As the loss gets bigger, the needed gain to restore the loss increases at an increasing rate.

It’s Getting More Expensive to Live.

Thanks to inflation, the same gallon of gas that averaged $1.51 in 2000, costs $4.82 today.

Source: AAA

Did you know?

Retirees may owe taxes on their retirement income withdrawals. This can equate to 15, 20, or even 30 years of future tax liabilities while one is no longer working.

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