The Average American Retirement Questions

According to a survey titled 2025 Planning & Progress Study by NW, the top nine items were the following:

1) How much money will I need to retire comfortably (43%),

2) Will social security be there when I qualify for it (33%),

3) What if inflation rises when I'm retired (30%),

4) Is it possible I could outlive my savings (27%),

5) How can I plan for potential long-term care needs (26%),

6) How will taxes impact me in retirement (25%),

7) How should I budget for healthcare expenses (21%),

8) Will I have enough to leave behind assets for loved ones or charitable causes (19%),

9) What if the stock market drops when I'm retired (14%).

Of those, some of those are likely a given. Markets always go up and down but the sequence of those events is unknown. Inflation always tends to move in one direction as well, although over a long period. For most Americans, planning is the key. Unfortunately, many take the approach of the planning only when it is too late. The longer timeline you give yourself to prepare, the more able you will be to handle of these nine questions!