To Those Who Think They’re Ready

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Retirement FundToday, retirement is the new American Dream of travel, retirement communities overlooking the 9th hole, health clubs, new activities, spoiling the grandchildren and the family pet. All it takes is money. Lots of it.

Having Enough Money in Retirement Requires a Step-by-Step Plan

But first, let’s start with a few basic statistics. For example, today’s average age of retirement is later than it’s been ever since Gallup started asking the question. In 1991 – 1993, retirement age was 57; from 2002 – 2012, the age was 60; from 2013 – 2014, the age is now 62.

While there are many factors that determine an individual’s age of retirement, health and finances are among the most critical. Today, 18.5% of Americans, 65+, are still working.

Some simply have the desire to continue but many can’t afford to stop. Interestingly, Baby Boomers (which comprise about 75 million of our population) are among our largest group of new entrepreneurs. ( So how long will retirement actually last? In the U.S., the average life expectancy is 79.8 years.

The real question becomes, how prepared are we to live the lifestyles to which we’ve become accustomed?

According to Ted Siedle of Forbes online, “The average 401(k) balance for 65 year olds is estimated at $25,000 by independent experts. Retirement will be grim.”

Whole Life Insurance is an ideal answer to a meager retirement-the cash value assures liquidity when you need it, the death benefit gives you security, and if structured correctly your policy provides possible tax-free growth.

No one cares more about your money than you do, so educate yourself on the value of Whole Life

The more you know, the more an advisor can guide you. Learn more about giving yourself a generous retirement at Infinite 101.


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