Mar 18, 2019
In this episode of Inside the Plan, Bill Bush and Andy Bush, Advisors at Horizon Financial Group, get down to business with the hard facts and stats that affect all of our retirement decisions. The importance of preparing for retirement can’t be stressed enough. What are the retirement statistics for people’s life expectancies beyond 65, the number of people retiring earlier, and how gender, health, and fear play a role in this information?
3 Key Points:
- “One in three Americans has nothing saved for retirement.” – Bill Bush.
- “If you are creating habits of spending using both incomes, than you need to create habits of saving using both incomes.” – Andy Bush.
- “The number of seniors declaring bankruptcy has grown to 7% and nearly ⅓ of homeowners of retiring age still have mortgage dept.” – Bill Bush.