Ep 65: Are These Retirement Statistics Encouraging or Disturbing?

We’ve gathered some updated retirement statistics from across the country. It’s time to find out if these are encouraging or disturbing findings if they’re reflective of the average client, and what you can do to improve your own retirement preparedness based on this information.
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The Game Plan

Overall, it appears women have smaller retirement savings compared to men. Dale finds this disturbing but he has seen this trend in women who have gone through divorces. While experts are estimating we need about $1.4 million to retire, Dale thinks this may be a little high. It’s not always about the numbers but about the kind of lifestyle you want to lead. Join us today as we explore these statistics and what you can do to protect your financial future.

The X’s & O’s

Check out the timestamps below to skip around to specific topics on the show.

[1:46] – Women have smaller retirement accounts

[4:19] – Experts are estimating you need $1.4 million

[5:50] – It’s going to come down to your lifestyle

[8:13] – 55% workers plan to work in retirement

[10:31] – 25% of Americans increased their savings during COVID-19

[11:47 ]– More people are getting Social Security benefits

[13:01] – How does retiring early impact your strategy?

 

“

That’s the trick with the planning part of it. Especially if they’re retiring early, they don’t want to run out of money.”

– Dale Tondryk

More To Explore

The Financial Calendar

Join us in this episode of The Retirement Playbook podcast as Dale dives into the essential financial matters you need to address throughout the calendar year. He provides valuable insights into maximizing retirement contributions, managing required minimum distributions (RMDs), and making strategic financial moves to optimize your retirement savings.

June 15, 2023

Financial Therapy

Financial discussions and retirement planning can come with many emotions. From counseling couples with differing financial views to providing support during challenging life events such as divorce or medical issues, financial professionals wear many hats, including the role of a therapist. In this episode, Dale discusses the impact of having a financial professional guide you through life’s most stressful moments.

June 1, 2023

Ep 88: The Retirement Lifestyle

We’re taking a quick break from the Xs and Os of retirement finances today. Instead, we’re going to talk about some other important pieces of forming your retirement lifestyle. Join us as we discuss staying busy, the significance of social connections after you’ve stopped working, and maintaining your physical and mental health throughout retirement.

May 18, 2023

QUESTIONS FOR DALE?

MORE WAYS TO GET IN TOUCH

952-401-1671

dale@tondrykfinancial.com

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