Retirement Concern #1

You know what a big undertaking it is to plan and save for retirement — and that’s why many Americans put it off. As a result, some people get stuck working more years than they planned or retiring with a lower standard of living. According to a 2015 Transamerica study, 43 percent of Americans 50 and older say they’re most concerned with outliving their retirement savings.*

One solution: Calculate how much you expect your expenses and income to be in retirement. A specific number will give you a clear goal and can help you determine a realistic retirement date.

Then be sure to implement a financial strategy that includes:
1) Accumulating assets to help fund your retirement
2) Using those assets to generate income in retirement.

An Oak Harvest financial advisor can help you balance risk and protection and tell you about options that provide interest, diversification and asset protection.

Best Wishes,
Troy Sharpe, CFP®
Founder and CEO
Oak Harvest Financial Group

*Transamerica Center for Retirement Studies. December 2015. “The Current State of Retirement: Pre-Retiree Expectations and Retiree Realities.” https://www.transamericacenter.org/docs/default-source/retirees-survey/retirees_survey_2015_report.pdf. Accessed Nov. 10, 2016.

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