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 67: Are You A Risk Taker? How To See If Your Tolerance for Risk Matches Your Plan

Do you like to take risks? Or would you rather play it safe and steady? When it comes to the market risk can come with great reward, but it can also be damaging if our risk tolerance is out of balance with our plan. Most people don’t realize how much risk they are taking on and have a much lower tolerance than their portfolio reflects. 

Ep 66: Picking Sides in Important Financial Debates

Financial debates have existed for a long time and when we’re planning we may encounter quite a few. While there are various opinions out there, not everyone’s solution will fit your needs. Each situation is going to depend on your plan and goals.

Ep 64: Counting Down the Days Until Retirement

Those days, months, and years leading up to retirement can start to fill with anxiety about what needs to get done. We’ve assembled a list of priorities to keep in mind as you count down the days to retirement.

QUESTIONS FOR DALE?

MORE WAYS TO GET IN TOUCH

952-401-1671

dale@tondrykfinancial.com