Retirement Planning: Why Plan For Retirement? - Deepstash
Retirement Planning: Why Plan For Retirement?

Retirement Planning: Why Plan For Retirement?

Curated from: investopedia.com

Ideas, facts & insights covering these topics:

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Uncertainty of Social Security and Pension Benefits

  • Theย aging populationย is causingย fewer contributors.
  • More peopleย are retiring due to increased longevity.
  • Corporate collapses, such as bankruptcy of Enron negatively affect private pension plans.
  • Defined pension plans do also fail from time to time.
  • Many employers shift from defined-benefit to defined-contribution plans.

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Unforeseen Medical Expenses

Old age typically brings medical problems and increased healthcare expenses.

Living out your retirement years in comfort while also covering your medical expenses may turn out to be a burden too large to bear.

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Estate Planning

Estate Planning

Without a well-planned retirement nest egg, you may be forced to liquidate your assets in order to cover your expenses during your retirement years.

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The Flexibility to Deal with Changes

Unforeseen illnesses, the financial needs of your dependents, and the uncertainty of Social Security and pension systems are but a few of the factors at play.

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