Free Wealth Management Guide Retirement Planning: What You Need To Know | Page 7
Summary
Today’s retirees face many challenges. Increasing life expectancies, volatile stock markets, soaring healthcare costs,
the uncertainty of Social Security, rising taxes, inflation
and more. Figuring out how to make our money last for a
retirement that could last 20 to 40 years while the price of
almost everything we buy increases and taxes continue to
rise can be a real dilemma.
Unless one has a very large sum of money and can live
comfortably on the income off of safe investments alone,
it is usually necessary to have other investments that provide the growth necessary to provide an income that lasts
many years and which outpaces inflation.
For additional Wealth Guides on investing and planning
for retirement, visit: www.solidrockwealth.com or call
Chris Nolt at 406-582-1264.
Sources:
1. What is the Distribution of Lifetime Health Care
Costs From Age 65? By Anthony Webb and Natalia
A. Zhivan. March 2010.
2. The 2012 Long-Term Projections for Social Security.
www.cbo.gov
Every type of investment carries a certain type of risk and
while nobody likes to see his or her investments decline in
value, nobody likes the thought of running out of money
or facing an ever-decreasing standard of living.
Planning for a retirement that could last 20 years or more
requires thoughtful consideration of many factors.
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