Retirement Planning has become an extremely challenging process for the majority of American Workers. With so many unfortunate changes in the economic climate, corporate downsizing, loss of pension plans, and the fact that Americans are living longer... The new-age retiree faces challenges that have never been faced before. In the next few paragraphs we would like to explain some of the latest retirement statistics and what we at O'Neil Financial can do to help you.

Retirement Planning Challenges

There are 7 challenges that we see new-age retirees face today. These challenges include things such as: longevity of life, loss of pension, social security, taxation, inflation, healthcare, and investor error. In the next few paragraphs, you will learn how each challenge affects you, and the way you ultimately save for retirement.

Challenge Longevity

Americans are living longer than ever, which means retirement accounts are being stretched out over more years. During the last century, the life expectancy of an American citizen has nearly doubled.

* It is estimated that every 12 seconds an American turns 65.

* And the 80+ population is growing faster than the general population.*

*Sources:

(1) "Beyond 50: A report to the Nation on Economic Security,"
(2) Counsel of Life Insurance, 1998. (3) NBC News, 2000.