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

Ep 80: Best Intentions, Bad Advice

You likely seek financial advice from lots of different sources. And some of those sources will certainly have good intentions, but they’ll often give bad

Ep 79: The Desire to Retire

People have different feelings when it comes to their desire to retire. We broke this concept down into five sections that we will explore today.

QUESTIONS FOR DALE?

MORE WAYS TO GET IN TOUCH

952-401-1671

dale@tondrykfinancial.com