5 Big Retirement Concerns
And What To Do About Them
Concerned about retirement? That's understandable. But are you concerned about the right things – and do you know what to do about them? Preparing for retirement may be hard, but there are actions you can take right now that will make it easier. The tabs below will help you understand five big retirement concerns and get you started on the path to managing them.
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"Will I outlive my retirement savings?"
82%: Percentage of employees in retirement plans that fear outliving their money more than death1
Would you want every meal you are ever going to eat delivered to your house right now? Of course not; you want them one at a time. Getting a lump sum savings at retirement can feel like having to manage a lifetime of meals. Fortunately, there's plenty you can do to turn that lump sum into income, and actions to take right now to make the most out of all your retirement sources.
"So what do I do with my money?"
- Learn how to turn your savings into retirement income.
- Understand how to maximize your social security benefits.
- Longer life should be a blessing not a curse. Use your longevity to ensure your savings continues to work for you in retirement.
1 Reclaiming the Future, Allianz, 2010
This material is provided for educational purposes only and does not constitute investment advice. The information contained herein is based on current tax laws, which may change in the future. BlackRock cannot be held responsible for any direct or incidental loss resulting from applying any of the information provided herein or from any other source mentioned. The information provided in these materials does not constitute any legal, tax or accounting advice. Please consult with a qualified professional for this type of advice.
Prepared by BlackRock Investments, LLC, member FINRA.