There has been some recent polling conducted by the Associated Press in conjunction with LifeGoesStrong.com that has indicated that many baby boomers are woefully unprepared for retirement. The majority of people who responded to the polls say that they are not confident that they will have the resources that they need to enjoy a comfortable retirement.
Most of the people also said that they would be relying on Social Security to provide the cornerstone of their retirement income. Given the fact that the average Social Security benefit is under $1100 per month this is not a very encouraging statistic.
Experience is indeed the best teacher and we do learn from our mistakes. However, preparing yourself for retirement is something that takes decades if you are not in a rarefied financial position. If you make the mistake of failing to plan ahead you are probably going to recognize it when it is too late to get yourself back on track.
The fact is that most people who are traversing a consistent career path can gradually put away sufficient resources over an extended period of time and be ready to retire without reservations on their own terms. It is however necessary to implement an intelligently conceived and cogent plan early on, and of course you have to have the discipline to stick to the plan over the years.
If you are ready to take action for your future well-being, don’t hesitate to pick up the phone to arrange for a consultation with a licensed Hartford retirement planning lawyer.
- Can You Give Inheritances in Advance to Limit Estate Taxes? - August 11, 2026
- Do Trusts Pay Taxes on Capital Gains? - July 9, 2026
- How Does a Trust Differ From a Will? - July 7, 2026
( By appointment only )