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Retirement Planning Is Harder Than It Used To Be (Part 2)

Phil’s Tax Hacks · February 22, 2024

 

Today’s Hack

Every generation likes to talk about how much harder things used to be when they were kids. Like all of the people who used to have to walk five miles to school, in the snow, uphill both ways. But they had at least one thing that was EASIER…and that was retirement planning.

From the increasing reliance on personal savings to the future of Social Security, we’ll discuss the obstacles faced by today’s retirees in this two-part conversation. Tune in as we explore why retirement planning is now more challenging than ever before and offer insights to help you navigate your retirement journey with confidence.

Here’s some of what we discuss in part 2:

1:25 – Lower healthcare costs

5:31 – Fewer sandwich generation challenges

7:36 – Shorter life expectancies

9:41 – More contributors to Social Security

17:48 – Easier to achieve financial literacy

 

If you have any questions about what we discussed in this episode, reach out and we’ll be happy to set up a time to talk.

 

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