Being Smart with $$ -- Best Laid Plans

Best Laid Plans.  So often I hear from clients that a big part of their retirement plan is to work forever, or at least until 70.  Maybe they should have a Plan B.  A recent survey showed 8 out of 10 believe they’ll work in retirement but in reality, less than 3 in 10 do.  It’s usually due to a health or disability issue or an unexpected job loss.  Perhaps the advice of hoping for the best but planning for the worst is a good approach here.  If not working until 70 means cat food in retirement, best to make adjustments today to be safe.  (Source: Retirement Confidence Survey by Employee Benefit Research Institute 4/23/19.)

Larry Pike, CFA

Client Priority Financial Advisors LLC
www.clientpriority.com