Retirement Planning

 

Retirement Planning has become an extremely challenging process for the majority of American Workers. With so many unfortunate changes in the economic climate, corporate downsizing, loss of pension plans, and the fact that Americans are living longer... The new-age retiree faces challenges that have never been faced before. In the next few paragraphs we would like to explain some of the latest retirement statistics and what we at O'Neil Financial can do to help you.


Retirement Planning Challenges

There are 7 challenges that we see new-age retirees face today. These challenges include things such as: longevity of life, loss of pension, social security, taxation, inflation, healthcare, and investor error. In the next few paragraphs, you will learn how each challenge affects you, and the way you ultimately save for retirement.


Challenge #1: Longevity

Americans are living longer than ever, which means retirement accounts are being stretched out over more years.


Challenge #2: Loss of Pension

Over the past few decades, there has been a major decline in the number of pension plans offered by American Employers.


Challenge #3: Social Security

Social Security was initially intended to be a supplemental source of retirement income for a minority of Americans. And now, it has become the primary source of retirement income for the majority of Americans.


Challenge #4: Taxation

Taxes are one of the most serious challenges for the American Worker and their savings ability.


Challenge #5: Inflation

Inflation is another challenge that the American Retiree will face. The problem with inflation is that it can drastically erode your spending power, and most people do not take this into consideration when planning their finances.


Challenge #6: Healthcare

The cost of healthcare is one of the more pressing issues a newly retired investor will face.


Challenge #7: Investor Error

What people think and understand about investing is not nearly as important as what they do. You need to be disciplined with a set retirement strategy to follow.


The Good News. O'Neil Financial has Solutions!

We want to work with you every step of the way to ensure you make it through all 7 retirement challenges so that you can enjoy the retirement you have worked so hard to achieve. We do not want you to spend your golden years worrying about whether or not you will run out of money in retirement. At O'Neil Financial, we will provide you with solution after solution until we come up with a retirement plan that works for you.

If you would like O'Neil Financial to take a look at your current retirement plan, as well as educate you on some of the latest advancements in retirement planning, then click here for a free consultation.