When you have found that special someone, it is only natural to want the best for them. After the courtship comes the marriage, and if all goes according to plan, you get to enjoy retirement together in your golden years. Perhaps you will travel the world, or maybe you will settle somewhere sunny and beautiful with enough room for the kids and grandkids to come and stay. Maybe you will do both. But, you won’t be able to do any of those things if you have not set aside money for your retirement.
It appears that not enough Americans are saving for their retirement. According to the Economic Policy Institute, almost half of the families in the United States have no retirement account savings at all. If you have nothing saved, then by the time retirement age rolls around, you could be in for a nasty situation, and the world cruise will certainly have to be shelved.
Planning for retirement means you have a shot at your golden years being golden rather than the alternative. The American Psychiatric Association says that one of the main things that people worry about is money, and it seems that retirement is also worrying many folks.
One of the things you have to bear in mind is that as you and your partner get older, healthcare is going to be a factor, and that comes with a price tag as well. According to Fidelity Investments, on average, a 65-year-old couple that retires today will spend a total of $275,000 on healthcare.
It is not all doom and gloom out there. If you make sure you have saved enough, and your investments are in order, you’re ahead of the curve. The future is always uncertain, but if you are able to plan and set things in place that will be there and growing in the future, you will be in a position to take that long dream trip or once in a lifetime adventure with your partner when you reach retirement.
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