Important Facts That People Should Know About Retirement

There is a serious retirement problem in America because people are doing a bad job saving money and there are concerns that Social Security might be in trouble. Many people do not realize how bad the problem can become. Social Security by itself is not enough to live on and people need to plan ahead so that they can have additional sources of retirement income. Medical expenses are also continuing to rise and as the population ages there will likely be a greater demand for long-term health care. People should start taking measures to invest in their retirement as soon as possible. They should consider investing in a traditional or Roth IRA. It is a good idea to speak with an experienced estate planner who can assist with creating an individual retirement plan.

See Matthew Frankel, 15 facts you didn’t know about retirement, USA Today, March 12, 2016.