RETIREMENT ROADBLOCKS
Over the years, as we’ve guided retirees and pre‑retirees through the ups and downs of their retirement journey, one thing has become clear: most people will encounter several—if not all—of the seven major roadblocks that can threaten their financial security. Because these challenges can expose your retirement to unnecessary risk, we refer to them as financial dangers.
The good news is that understanding these risks early gives us the opportunity to put the right strategies in place to help you avoid them and protect the retirement you’ve worked so hard to build.
Longevity
Taxes
Withdrawal rate
Inflation
Healthcare
Sequence of returns
Social Security
Click Here or Scroll to the bottom for more information on these roadblocks!
Retirement Roadblock Survey
Take our Retirement Roadblock Survey to get a clearer picture of where you stand. This quick assessment highlights the most common risks retirees face and helps you understand which ones may apply to your situation. Your results give us a starting point to build a safer, more confident retirement strategy.
Longevity
LONGER LIFE, BIGGER RISK.
What if you live longer than planned? This could result in greater than anticipated retirement income needs. Longevity is the “risk multiplier” for other retirement income risks.
Taxes
PAY NOW OR PAY LATER.
With the national debt rapidly rising, tax rates and rules could change at any point. Diversifying your retirement savings into different tax vehicles can limit your exposure to these changes.
Withdrawal rate
MAKING MONEY LAST.
When you take money out of your savings for retirement, you want to be sure you aren’t emptying your tank too quickly. Aggressive withdrawal rates can compromise your retirement assets' ability to generate retirement income throughout your retirement.
Inflation
SAME MONEY, LESS POWER.
Over time, your ability to maintain purchasing power can be impacted by increases in the cost of goods and services. As a result, your retirement income may need to increase each year to maintain your standard of living.
Healthcare
EXPECT THE UNEXPECTED.
Healthcare costs are one of the largest expenses in retirement. These unpredictable costs can catch you off guard and derail your retirement with expenses that can affect your financial well-being.
TIMING IS EVERYTHING.
Market volatility may pose major challenges when withdrawing money from retirement assets. Withdrawals during market downturns in retirement could create a domino effect with no time to recoup those losses.
Sequence of returns
Social Security
CHOOSE WISELY.
With a multitude of options to choose from on when and how to file for Social Security benefits, it is only logical to take a closer look at which choice may guide your retirement income journey in the direction you want to go.