208-664-8980

1875 N. Lakewood Dr.
Suite 102
Coeur d'Alene, ID 83814

Retirement

Six Surprising Facts About Retirement Confidence

Six surprising facts about retirement confidence. The title is framed in a dark grey rectangle and then a large grey rectangle with tiny white pinstripes.Six surprising facts about retirement confidence. The title is framed in a dark grey rectangle and then a large grey rectangle with tiny white pinstripes.1 in 3 retirees report higher expenses than anticipated. A comfortably yet elegantly dressed woman of mid-to-late middle age wearing spectacles listens on a telephone while seated on a couch in a well-appointed apartment.1 in 3 retirees report higher expenses than anticipated. A comfortably yet elegantly dressed woman of mid-to-late middle age wearing spectacles listens on a telephone while seated on a couch in a well-appointed apartment.20 percent of retirees find that extended care costs, which Medicare does not cover, are much higher than expected. A comfortably yet elegantly dressed man of mid-to-late middle age listens on a telephone while seated on a large wicker chair in a well-appointed home.20 percent of retirees find that extended care costs, which Medicare does not cover, are much higher than expected. A comfortably yet elegantly dressed man of mid-to-late middle age listens on a telephone while seated on a large wicker chair in a well-appointed home.86 percent of retirees-to-be expect social security to be a significant factor in their retirement, when in reality 94 percent of retirees find it their most important source of income. An informally-dressed bespectacled woman sits at a breakfast table with her clasped hands resting at her chin, reading her steel-colored laptop.86 percent of retirees-to-be expect social security to be a significant factor in their retirement, when in reality 94 percent of retirees find it their most important source of income. An informally-dressed bespectacled woman sits at a breakfast table with her clasped hands resting at her chin, reading her steel-colored laptop.While about half of workers believe they will retire at age 65 or older, the actual median retirement age is 62. A barefoot woman, dressed in leisure wear and with her white hair in a small ponytail looks out at a large body of water with her Jack Russell terrier while seated on a large driftwood log.While about half of workers believe they will retire at age 65 or older, the actual median retirement age is 62. A barefoot woman, dressed in leisure wear and with her white hair in a small ponytail looks out at a large body of water with her Jack Russell terrier while seated on a large driftwood log.More than half of people approaching retirement describe debt as a problem, and many make debt reduction a primary goal. A comfortably yet elegantly dressed woman of mid-to-late middle age listens on a telephone while standing in a well-appointed apartment.More than half of people approaching retirement describe debt as a problem, and many make debt reduction a primary goal. A comfortably yet elegantly dressed woman of mid-to-late middle age listens on a telephone while standing in a well-appointed apartment.Private health care costs can be more expensive than expected. With that in mind, it’s a good idea to have a financial strategy in place for these and other costs. A young woman wearing a sweater smiles and walks behind a man of mid-to-late middle age in his wheelchair.Private health care costs can be more expensive than expected. With that in mind, it’s a good idea to have a financial strategy in place for these and other costs. A young woman wearing a sweater smiles and walks behind a man of mid-to-late middle age in his wheelchair.Here’s the good news. It’s never too late to update your retirement strategy, especially as your medical needs change. Sources. 1. EBRI.org, 2022. 2. Genworth, 2022. Final text framed in white and grey.Here’s the good news. It’s never too late to update your retirement strategy, especially as your medical needs change. Sources. 1. EBRI.org, 2022. 2. Genworth, 2022. Final text framed in white and grey.
 

Related Content

The Power of Tax-Deferred Growth

The Power of Tax-Deferred Growth

Why are 401(k) plans, annuities, and IRAs so popular?

Year-End Charitable Gifting and You

Year-End Charitable Gifting and You

This article may help you maximize the benefits of your donation for your chosen charity.

Bull and Bear Go To Market

Bull and Bear Go To Market

Learn about the difference between bulls and bears—markets, that is!

 

Have A Question About This Topic?


Thank you! Oops!

How Often Should You Update Your Estate Strategy?

Review your legacy approach regularly, particularly following significant life events or legislative updates.

The ABCs of Zero Coupon Bonds

Understanding some basic concepts may help you assess whether zero-coupon bonds have a place in your portfolio.

Medicare At 65+

65 or older? It may be time to enroll in Medicare. Read to learn if you’re eligible.

View all articles

Student Loan Refinance Calculator

Compare your current student loan terms to a potential refinance to see if it makes sense.

Rent vs Buy Calculator

Compare the long-term financial outcomes of renting versus buying a home.

How Long Will Your Money Last?

See how long a lump sum of savings could last based on your withdrawal rate and return.

View all calculators

Dog Bites and Homeowners Insurance

Reviewing coverage options is just one thing responsible pet parents can do to help look out for their dogs.

Safeguard Your Digital Estate

If you died, what would happen to your email archives, social profiles and online accounts?

When Markets React

When markets shift, experienced investors stick to their strategy.

View all videos