I clipped a great little article from one of my ‘trade magazines’, I don’t have the source information. But its too good not to share. Its called Bright Retirement Outlook for Middle Boomers
Most middle boomers (the segment of baby boomers who are 52-58 years old right now) aren’t worried about outliving their retirement money! Heck, only 12% say this is a concern for them. They’re more concerned about being able to afford health care (25%) and staying productive and useful in their golden years. Another 13% are concerned about long-term care expenses.
It breaks down like this:
Middle boomers biggest concerns about retirement are
25% Being able to afford health care
18% Staying productive and useful
15% Having to work full- or part-time
13% Providing for your spouse’s/partner’s/own long-term care
12% Out living retirement money
9% Having a comprehensive financial plan
Hmmm, 1 in 4 are looking down the road and have concerns about affording health care? Ask yourself are you one of them? Then ask yourself why? I am betting its because you are watching your parent’s saving melt away like ice cream on hot sidewalk. Or worse, I bet a percentage of you are helping support your parents long-term care. If you happen to be providing care for a parent or spouse, learn to save money and get the best care available, sign up for my updates.
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