We all know we should be saving for retirement, yet, according to EBRI’s 2016 Retirement Confidence Survey, many Americans aren’t prepared; in fact, only 21% of respondents said they are very confident that they have saved enough money for a comfortable retirement! Of course, life gets in the way of taking action, and retirement seems so far off. But whether or not you’re prepared, it will be time to retire before you know it.
For many people, retirement is not the stress-free vacation from financial concerns that they envisioned. From outliving your assets to ignoring the impact of inflation, there are many factors that can derail your plans. Working with a wealth advisor can help you avoid these pitfalls so that you can be more confident in the security of your retirement.