In some ways, retirement planning is easier than it used to be and in other ways, it’s a lot more complicated. The one thing we can all agree on though is that retirement ain’t what it used to be. Pensions are very rare now, with most people relying on Social Security as their main retirement income bucket. People are living longer and longer, meaning our plans have to be prepared for longevity and long-term care issues.
On today’s episode, we’ll break down the various ways retirement planning is different than it was in our grandparent’s generation and how financial advisors are preparing pre-retirees and retirees for these unique challenges.
0:27 – Pensions are rare
2:55 – Longer life expectancy
4:29 – Interest rates are lower
6:52 – Information paralysis
9:30 – Market volatility