QUINNSCOMMENTARY;869014 wrote: For nearly 47 years, I have been working in employee benefits, health care and retirement planning. I counsel people on planning for retirement, most do not listen and go on their merry way oblivious to the issues they will face and the planning it will take.
How do I know about such things, because I talk with retired people and receive letters from them every week? Many of the letters are from people pleading for an increase in their pension (they are the lucky ones given they have a pension), others complain about the cost of health care and how it is eating into their living expenses.
This is not new stuff of course, but what is amazing is the number of people who today while years from retirement, dismiss the planning process for another day, or year, or until it is too late. :-5
How are you doing, do you know the risk and what it takes for a good retirement? No, I am not selling anything, just interested in various points of view as I plan for retirement in a few weeks myself.
By the way, do you know the greatest financial risk people face in retirement? It may not be what you think.
It is longevity! :-3
As a retired As CFP, CLU. I worked with Employee Benefits as well, primarily pension and profit sharing plans for the self employed and with small corporations with max of 75 employees.
I agree with you. Even when a employer was willing to contribute something towards the employees pension or medical insurance getting the employee to participate was not easy. Unfortunately, many wait to long to give retirement a thought and then run out of time to fund it properly.
I am 73 and have been retired for 16 years. It's been a fantastic retirement and it ain't over yet, because I planned for it.
www.thoughtsandtravels.blogspot.com
