The Retirement Crisis
There has been much discussion over the ‘retirement crisis’ in recent months, covering everything from the cause to potential solutions. It has been linked to the wealth gap, the stagnation of Social Security benefits, and even to increased life expectancies. Although the problem may not be as severe as some depict it, it should still serve as a wake up call to those nearing retirement. It is very important to make sure you will be financially secure before retirement rolls around. Many people fall in to the trap of thinking that Social Security will support them through retirement as a main or sole source of income and are sorely disappointed when they find out that it can’t do that. For more information on this, visit this article by David H. Lenok with Wealth Management.