What worries you? What scares you? What bothers you about retirement? And I think it’s very important that we that we touch on those items because these are real. These are very common. Don’t feel like you’re the only one that’s worried about this particular thing or that particular thing, but also we may bring up some things that you really hadn’t thought about worrying about.
MARK FRICKS
ATLANTA – We examine the most common retirement fears that prevent people from planning effectively and offer practical solutions to address them.
• Running out of money tops the list of retirement concerns as people face longer lifespans without traditional pensions
• Healthcare costs average around $335,000 for a retired couple, with Medicare covering less than many expect
• Loss of identity and social isolation after leaving the workforce can lead to depression and accelerated health decline
• Creating purpose through volunteering, social activities and new interests helps maintain mental and physical health
• Longevity risk requires planning for potentially decades of retirement with inflation outpacing fixed income sources
• Fear of burdening family members can be addressed through proper long-term care planning
• Market volatility concerns can be managed through strategic “bucket” planning for different financial needs
Visit masterplanretire.com to access retirement resources, guides, and checklists or call 770-980-9262 to schedule a complimentary consultation.
