Retirement financial planning is crucial because many Americans are at risk to outlive their money. Or at the least they risk having to make sacrifices and live below their preferred standard of living. Some are worried about even making it to retirement. In fact, according to a study by the Boston College, “one in three baby boomers don’t think they’ll ever be able to retire.” (more…)
Society’s standard on retirement is at the age of 65 when you can start Medicare. There are many in the media and entertainment industry that will tell that you need to have a minimum of $1 million dollars saved. While well intentioned, this is false retirement financial planning.
Those two thoughts would work for almost anyone of course, 65 and $1 million dollars. But I’m in my early 50’s so I would be looking at 10-15 more years of working behind a desk.
That works for some, but it didn’t for me. (more…)