U.S. News & World Report recently asked Michelle Bennett, AIF®, CFP®, and executive vice president at Newport Capital Group for her thoughts on changing trends in retirement. In the article, she points to key shifts and offers practical advice on adjusting to the financial challenges retirees are facing.
“As exciting as the advances in health care and the prospect of living longer are,” says Bennett, “pre-retirees also face a higher risk of outliving their savings compared to previous generations.”
Bennett advises starting retirement planning early, as rising healthcare costs, taxes, inflation and lifestyle changes will require many to adjust their strategies to make their savings last.
Read the full article to explore how these trends are reshaping the way Americans approach retirement.