The Retirement Playbook with Dale Tondryk

Ep 65: Are These Retirement Statistics Encouraging or Disturbing?

May 19, 2022

We’ve gathered some updated retirement statistics from across the country. It’s time to find out if these are encouraging or disturbing findings if they’re reflective of the average client, and what you can do to improve your own retirement preparedness based on this information.

 

Overall, it appears women have smaller retirement savings compared to men. Dale finds this disturbing but he has seen this trend in women who have gone through divorces. While experts are estimating we need about $1.4 million to retire, Dale thinks this may be a little high. It’s not always about the numbers but about the kind of lifestyle you want to lead. Join us today as we explore these statistics and what you can do to protect your financial future.

 

Key points: 

1:46 – Women have smaller retirement accounts

4:19 – Experts are estimating you need $1.4 million

5:50 – It’s going to come down to your lifestyle

8:13 – 55% of workers plan to work in retirement

10:31 – 25% of Americans increased their savings during COVID-19

11:47 – More people are getting Social Security benefits

13:01 – How does retiring early impact your strategy?

 

 

Read more and get additional financial details here: http://retirementplaybookpodcast.com