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. 7