A HECM can help you “have enough” to retire
About 4 million Americans will enter retirement in the next year. While most look forward to this new phase of life, retirees also struggle with fear. According to survey results released by CNNMoney in August 2016, retiring Americans’ single greatest fear is running out of money to fund their needs in retirement.
The survey lists the various fears arising from financial uncertainty and the percentage of respondents stating which one they worried about the most:
Having an unplanned emergency – 38%
Having unplanned medical expenses due to illness or injury – 34%
Having insufficient savings to retire – 32%
Outliving retirement savings – 21%
Becoming a burden to adult children or other family members – 20%
Each of these represents a valid concern for those entering retirement. But retirees today face a number of other risks, as well, which can impact the success of their retirement plans:
Thanksgiving is the time of year to surround yourself with the people you love and care about and do what the name suggests – give thanks for everyone and everything you have.
This Thanksgiving is an especially poignant one, being that it follows a few weeks after one of the most historic elections this nation has ever witnessed. It’s left a nation rather divided, and there’s a lot of healing between family and friends to be done. In a way, this Thanksgiving couldn’t have come at a better time.
In the spirit of providing you knowledge as we do every week with financial tips and tools, we thought we’d have a little fun and equip you with some interesting facts about Thanksgiving.