Many baby boomers don’t fear the reaper as much as they fear outliving their retirement savings. A baby boomer needs an Investment Counselor to help re-balance an already existing portfolio or get one started that will boost their lifestyle. Considering many baby boomers will live in retirement for 30 plus years, it’s never too late to start.
Living longer than ever before
According to a report from Standford Center on Longevity called “New Realities of an Older America,” the life expectancy of people in developed countries has increased by an average of 30 years in the past 100 years. The report points out that, in the next 30 years, the number of people age 65 or older in America will double. In fact, by 2029 when the last of the baby boomers turn 65, one in five Americans will be 65 or older.
Dealing with gray divorce
According to an article by USA Today, divorced can be economically devastating for baby boomers. The divorce rate for people 50 or older has doubled in the past 20 years. It’s wise to hire an investment counselor as well as a divorce attorney so all of your interests and assets are protected.
Weathering the next crisis
An Investment Counselor can also help you weather the next financial catastrophe such as a stock market crash or recession or just keep up with inflation. An investment counselor can analyze your securities and help you balance asset classes or re-balance for the long term.
Having an investment counselor takes the emotion out of the game for many retirees so they can just relax in retirement. For more information on how Epple Financial Advisors LLC can help you with your retirement and financial planning contact us.