According to a survey by the Federal Reserve, 48% of Americans are only slightly or not at all confident about their retirement planning. If you look at what the economy has done recently, and the path it’s currently on, it’s easy to see why.
One of the biggest pitfalls to retirement saving is healthcare costs. It’s an important expense, which tends to cost more as you get older. Yet most Americans are afraid to talk about it, or take an honest look at how big a piece of their nest egg it will take.
As technology progresses, identity theft is becoming an increasing problem in this country. If you don’t protect yourself, someone can steal your credit card number, bank passwords, social security number, and more.
If you are relying on a government pension to help during retirement, you may need to rethink your strategy.
If you’re like many Americans, the amount you end up paying on your vehicle is far more than it’s actually worth.