Afraid of Running Out of Money in Retirement? You're Not Alone!
- JKL Wealth - John Lohrenz
- Aug 5
- 2 min read
Did You Know?
23% of Americans over 50 are delaying retirement due to financial concerns up from 14% in 2024…
44% are worried about inflation and 34% concerned with recession risk and a stock market decline.
The average retirement age in the US is age 62. No coincidence that this is the year Social Security benefits can be claimed. Full retirement age is 67 and those who wait until 70 get an additional 24% boost in their monthly checks. Longevity is the key to breakeven points as those living past 80 win with later and larger monthly checks.
According to David John at AARP the majority of Americans nearing retirement age are unsure if will have enough money to make it through retirement.
It is uncomfortable for most people to dive into this planning because of all the negativity and fear based marketing about not making it. This has been going on for decades and yet you don’t see millions of elderly “not making it.” Knowing is better than not and acceptance of where we are is a relief. Planning is a tough hill to look at but it is not nearly as bad as you think. Kind of like doing a exercise routine it is hard to get going but feels great when you do it.
JLK Wealth Management, founded by John Lohrenz, specializes in crafting personalized retirement plans to fulfill your goals and aspirations. Let us start working together to ensure you can retire comfortably without the worry of running out of money, support your children to meet the world head-on as adults, take care of aging parents any way you need to, and leave a legacy that has meaning and lasts for generations.
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