Your Survival Guy

Preparing your investments and family for when disaster strikes.

Disclosure

  • Home
  • Your Survival
    • EMP Threat
    • Tucker Explains
    • Newport Gas Outage
    • Water
      • Emergency Water Storage
      • Let There Be Water
    • Get Your Gun and Your Training Now
    • Satellite Phones
    • Navy SEAL Survival Kit
  • Your Money
    • Coronavirus Infects Stock Market
    • Looking for a Better America
    • You Invest, They Win
    • Where to Keep Your Cash
    • Paris
    • How to Buy a Boat
    • Dead or Alive? The Future of Long-Term Investing
    • Is Vanguard too Big?
    • Cryptocosm and Life After Google
    • The Last Intelligence Report
    • The Truth Behind the S&P 500
    • RAGE Gauge
    • How Many “Retirees” Will Keep Working?
    • Your Retirement Life
    • You’ll Love This if You’re Dreaming of an Active Retirement Life
  • Weapons
    • Self Defense
    • Every Family Should Own at Least One Shotgun: Here Are Three
  • About Me
    • Preparing for Times Like These
    • My Videos/Pics
    • Music
      • RIP Neil Peart: You Will Always Be Remembered as a “Modern-Day Warrior”
  • You
    • Our Cabin on Kodiak, Alaska
    • If You Are in Pain, this May Help. It Helped Me.
    • How to Save for a Grandchild
    • FIRE! Financial Independence, Retire Early
    • Compound Interest
    • Arithmetic of Portfolio Losses
    • Maximum Portfolio Withdrawal Rate
    • An Efficient Frontier
    • Retirement Compounders
    • Counterbalanced Total Returns
  • Survive & Thrive
    • April 2021
    • March 2021
    • February 2021
    • January 2021
    • December 2020
    • November 2020
    • October 2020
    • September 2020
    • August 2020
    • July 2020
    • June 2020
    • May 2020
    • April 2020
    • March 2020
    • February 2020
    • January 2020
    • December 2019
    • November 2019
    • October 2019
    • September 2019
    • August 2019
    • July 2019
    • June 2019
    • May 2019
    • April 2019
    • March 2019
    • February 2019
    • January 2019
    • December 2018
    • November 2018
    • October 2018
    • September 2018
    • August 2018
    • July 2018
    • June 2018
    • May 2018
    • April 2018
    • March 2018
    • February 2018
    • Welcome

Don’t Just Think About Retirement Planning, Act Now

June 11, 2019 By E.J. Smith - Your Survival Guy

By tomertu @ Shutterstock.com

According to a report from the TransAmerica Center for Retirement Studies Americans are concerned with their retirement, but they’re not actually doing much about it. I urge you and anyone who hasn’t already taken action toward planning for retirement to not wait, get to work now. FEDWeek reports:

The report, based on polling samples of the baby boom, generation X and millennial generations, found that majorities of all three expect to have a harder time achieving financial security for retirement than their parents’ generation, with the younger two generations agreeing more strongly; and believe they could not save enough for a secure retirement by working until age 65, with the two older generations more strongly holding that view. In addition, about a third overall expect their standard of living to decrease when they retire, with the older two generations believing that more strongly.

That comes at a time when all three generations expect to have longer lives and thus longer periods in retirement than those currently retired, the study noted.

It said that as one strategy to make up for their expected shortfalls, more than half expect to continue working even after retiring. “However, when asked what steps they are taking to help ensure they can continue working, 27 percent of workers say they have not taken any steps.

“Among those who are taking proactive steps, workers most frequently cite that they are staying healthy (48 percent), performing well at their current job (43 percent) and keeping their skills up to date (40 percent). Baby boomers are more likely to cite staying healthy (56 percent) and somewhat more likely to cite performing well at their current job (48 percent) than younger workers. In contrast, millennials are more likely to be networking and meeting new people (23 percent) and going back to school (19 percent) than older workers,” it said.

Further, only about a quarter in each generation have a backup plan in case retirement comes sooner than expected, for example due to health reasons.

Read more here from FEDWeek.

I don’t want you to end up working through what should be your retirement life.

The following two tabs change content below.
  • Bio
  • Latest Posts
My Twitter profileMy Facebook profileMy Instagram profile

E.J. Smith - Your Survival Guy

E.J. Smith is Founder of YourSurvivalGuy.com, Managing Director at Richard C. Young & Co., Ltd., a Managing Editor of Richardcyoung.com, and Editor-in-Chief of Youngresearch.com. His focus at all times is on preparing clients and readers for “Times Like These.” E.J. graduated from Babson College in Wellesley, Massachusetts, with a B.S. in finance and investments. In 1995, E.J. began his investment career at Fidelity Investments in Boston before joining Richard C. Young & Co., Ltd. in 1998. E.J. has trained at Sig Sauer Academy in Epping, NH. His first drum set was a 5-piece Slingerland with Zilldjians. He grew-up worshiping Neil Peart (RIP) of the band Rush, and loves the song Tom Sawyer—the name of his family’s boat, a Grady-White Canyon 306. He grew up in Mattapoisett, MA, an idyllic small town on the water near Cape Cod. He spends time in Newport, RI and Bartlett, NH—both as far away from Wall Street as one could mentally get. The Newport office is on a quiet, tree lined street not far from the harbor and the log cabin in Bartlett, NH, the “Live Free or Die” state, sits on the edge of the White Mountain National Forest. He enjoys spending time in Key West and Paris. Please get in touch with E.J. at ejsmith@yoursurvivalguy.com
My Twitter profileMy Facebook profileMy Instagram profile

Latest posts by E.J. Smith - Your Survival Guy (see all)

  • RECONSTRUCTION: The Confiscation of All His Property - April 13, 2021
  • Inflation? Yes. - April 13, 2021
  • FORENSIC REPORT: Major Miscounting in Michigan. NH Next? - April 13, 2021
  • Demography Is Destiny: You Will Rise and Stand - April 12, 2021
  • Fidelity Investments #1: Hires 4,000 Focuses on YOU - April 12, 2021

If you enjoyed this post, email it to a friend:

  • Email
  • Print
  • Facebook
  • LinkedIn
  • Twitter
  • WhatsApp

Related Posts

Trending

  • Be Dangerous: Biden’s Progressive Puppeteers’ E.O. Gun Grab
  • Biden Tax Hikes: I’m Here to Help, But Only if You’re Serious
  • One Word Explains the Worth of Your Neighbors’ House
  • Constitutional Carry: Another State Chooses Second Amendment Freedom
  • April RAGE Gauge: Are Your Bond Funds Dead or Alive?
  • You Need To Be Dangerous: Democrats Want You Harmless
  • It’s as Simple as 4%? No, Not Anymore
  • Your Survival Guy Stock: Witness This Dividend Miracle
  • You're Telling Me Friends Ask You This Question
  • Why Your Life Before COVID Isn’t Coming Back

YOUR SURVIVAL GUY MUST READS

  • The Fundamental Rights of Citizens Are Being Denied
  • A President Speaks: “Hard Work Never Killed Anybody”
  • January RAGE Gauge: “THE MOST Dangerous Investing Environment in My Lifetime”
  • You may Find this Video About COVID “Science” VERY Interesting…I Did
  • Can We Still Afford the Riverboat Cruise?
  • The Great Reset: Meet the Climate Czar and His War: Part IV
  • The Great Reset: Bad Ideas Adopted Internationally by the World’s Most Powerful People
  • Fidelity is #1: Meet FidSafe and Raise Your Family’s Level of Preparation
  • Amy Coney Barrett Could End America’s Court Wars
  • Enjoying Christmas in a New Home Was Pricey This Year
Only if You’re Serious
See Who's Missing the Boat
Pandemic Creates Virtual Panopticon
Emergency Water Storage
Find Freedom in America
Second Amendment
Smith Family Robinson
Great Reset
Financial Independence, Retire Early
Richard  Young Reports
How You Can Save Money for Your Grandchild
Why Fidelity is Number One
The Best States for Survival
You Invest, They Win
Escape the City
Why Vanguard is Too Big for YOU
Money 101
Island Life

Copyright © 2021 | Terms & Conditions

loading Cancel
Post was not sent - check your email addresses!
Email check failed, please try again
Sorry, your blog cannot share posts by email.