The retirement dreams of GenX’er’s are suffering due to rising living costs, according to Schroders’ survey.
The report found that non-retired Americans aged 43-58 think they require an average of $1.1m to retire comfortably. However, they only expect to have around $661,013 saved.
The changing definition and age of retirement mean that GenX’er’s may continue working part-time or in different jobs, thus reducing worry over retirement funds.
My Take…
If you have no plan, plan to fail.
Location arbitrage is a great way to offset the lack of savings in retirement.
If you think you will fall short, start planning to live in a cheaper location.
Location arbitrage is a great way to offset the lack of savings in retirement.
If you think you will fall short, start planning to live in a cheaper location.
For more details click on the link:
https://www.investmentnews.com/retirement/news/gen-xers-will-not-retire-comfortably-schroders-finds-247126
