7 Reasons People Run Out of Retirement Money

7 Reasons People Run Out of Retirement Money

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We’ve seen our fair share of mind-blowing statistics in retirement planning surveys over the years. Our jaws nearly hit the floor, though, when seeing a statistic in recent study from Allianz Life. Their survey found that 61% of Americans are more afraid of running out of money than they are of death.

Think about that for a minute. That’s insane. That’s why we can’t stress enough that everyone needs a comprehensive financial plan that gives you confidence that you’re doing the right things with your money, freedom from financial stress, and time to spend doing the things you love.

Timestamps:
00:00 – Introduction
01:24 – The Retirement Plan Checklist
03:12 – Big Issues with Terminology
05:43 – 1) Healthcare
08:59 – 2) Taxes
14:54 – 3) Divorce/Early Death of a Spouse
16:24 – 4) Things Out of Your Control
17:41 – 5) Retiring Too Soon
20:08 – 6) Spending Too Much
22:17 – 7) Poor Financial Planning
23:44 – What We Learned Today

Retirement Plan Checklist: https://bit.ly/3PQOMNe

AllianzLife Study: https://www.allianzlife.com/About/Newsroom/2023-Press-Releases/Americans-Facing-a-New-Retirement-Reality
Peter G. Peterson Article: https://www.pgpf.org/blog/2023/07/why-are-americans-paying-more-for-healthcare
Fidelity Study: https://www.fidelity.com/viewpoints/personal-finance/plan-for-rising-health-care-costs

Don’t Retire Without Doing These 8 Things: https://youtu.be/nbF2B5efXtc
Busting Retirement Rules of Thumb: https://youtu.be/pHV0kG9xOdc
How Does a Roth IRA Grow?: https://youtu.be/sJcVt95fKZo
The CFP® Professional and CPA Relationship: https://youtu.be/zxpfmN-xbrw?si=07PzJEtD9oTVLIx1
Life Insurance in Retirement: Do I Still Need It?: https://youtu.be/cFWcUe2VADo
Must-Knows for Couples Retirement Planning: https://youtu.be/o4eiAkWGc3k

Become a Rothaholic: https://bit.ly/48QN9YM

Financial Planning Tool: https://bit.ly/3FeQnHQ
Meet with Us: https://bit.ly/3LSzHty