Scary Charts 04.16.26

Source – https://www.nirsonline.org/research/retirementinamerica2026/

Yikes!

2 thoughts on “Scary Charts 04.16.26

  1. It’s very scary how poorly people plan if they’re lucky they have kids who help them if not, they scrape by on Social Security. But with the president administration, even that is endangered. Next

    I took my Social Security early at age 62 which in hindsight was not the best financially. But at the time I was in poor health and having severe heart problems, so I didn’t think I was going to live into my late 70s. At the time it seemed like a good decision. In the extra money from age 62 allowed me to not have to cash in any of my investments to live on.

    I think you are making the best decision continuing to work. Especially since it’s a job you enjoy, are so good at, and can choose your hours and do most of your work from home. I’m assuming since you’re still working, you have postponed the Social Security date.

    • People take SS early for health and/or financial reasons. You made the right decision at the time for your personal situation.

      Many plan poorly or not at all. Inflation and the rising cost of living leaves not much if any capital left to save.

      My wife started SS at FRA. I delayed starting until age 70. I continue to work for many reasons other than financial. But the financial aspect is quite important if one or both of us live into our 90’s.

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