Retirement Planning
Customized For You and Your Lifestyle
“40% of all Baby Boomers plan to work “until they drop”
Specializing in the income stage of retirement, Ronald Reinstein can assist you with distribution and reallocation of your retirement savings in the most tax efficient manner, reduce or eliminate unnecessary fees, in order to help you keep more of your money and plan for income throughout your retirement years.
As pensions are becoming less prevalent for employees, existing pension plans may be offering individuals the option to take a lumpsum distribution from the plan. This great article from Fidelity discusses the pros and cons on the decision of taking a monthly pension check direct from the plan or to take a lumpsum distribution.
“88% of all Americans are worried about maintaining a comfortable standard of living in retirement.”
“56% of American retirees still had outstanding debts when they retired”
fact 1
According to the 2015 Retirement Confidence Survey, “statistically, there are no differences in the age at which workers plan to retire by gender; both groups have median expected retirement age of 65 (page 3 and Figure 5)
Source: EBRI. (2015). Gender and marital status comparisons among workers. (RCS Fact Sheet No. 5). Washington DC: Employee Benefit Research Institute. Retrieved fromhttps://www.ebri.org/pdf/surveys/rcs/2015/RCS15.FS-5.Gender.pdf
FACT 2
By 2015, older workers aged 65+ outnumbered teenage workers for the first time since 1948. (CNBC)
Source: https://www.ncoa.org/news/resources-for-reporters/get-the-facts/mature-workers-facts/
fact 3
Today, 49 percent of all American workers are not covered by an employment-based pension plan at all.
Source: http://angrybearblog.com/2013/01/the-fiscal-cliff-and-coming-retirement.html
Between 1991 and 2007 the number of Americans between the ages of 65 and 74 that filed for bankruptcy rose by a staggering 178 percent.