Achieving The (Retiree’s) American Dream
April 10, 2019 by Scott Goldberg
According to the Bankers Life Center for a Secure Retirement, just one-third (31 percent) of middle-income baby boomers feel well prepared for retirement. That makes this year’s National Retirement Planning Week, which began April 8, the perfect time for agents everywhere to reassess their approach to retirement planning with their clients.
With access to modern medicine, education on healthier habits and cutting-edge medical technology, people are living longer than ever before. However, data from the Employee Benefit Research Institute shows that American households led by individuals ages 35 to 64 are $3.83 trillion short of the amount needed to securely get through their retirement. With proper education and the right tools, your clients can make sure their retirement needs are met for the long term.
The first step in helping your clients secure their financial future is to assist them in developing a plan for the unexpected. Whether it is due to injury, chronic illness or a decline in physical or cognitive function, at some point, your clients may require long-term care. This type of care can take place in-home, at an assisted living facility or nursing home.