PFA Updates

The Retirement Crisis: Why Your Proactive Planning Matters

Sep 05, 2024

This is a perfect time to reflect on the importance of preparing for retirement. A recent survey found that 79% of working-age Americans believe the same thing. That percentage is up from 67% in 2020. When asked about their individual situation, more than half of Americans (55%) are concerned about their financial security in retirement.1

Concerning Trends:

The Retirement Savings Gap: Some Americans have less than $10,000 saved for retirement.
Rising Costs: Healthcare and living expenses continue to climb, making retirement preparation crucial.
Social Security Uncertainty: The future of Social Security is uncertain, making personal savings even more important.

Your Proactive Approach:

By working with us, you've taken steps to help address your financial future. Your commitment and dedication have set you apart from many who face these challenges.

A Thought for Your Friends and Family:

While you may feel confident about your retirement, you may know friends or family members who could benefit from professional guidance. If you know someone who might be concerned about their retirement approach, we'd be happy to offer them a second opinion about their retirement readiness.

Thank you for trusting us with your financial future. Your proactive approach sets an excellent example for others.

1. National Institute on Retirement Security, February 2024. https://www.nirsonline.org/reports/retirementinsecurity2024/