5 Signs You’re Not Ready for Retirement (And Don’t Even Know It)

Описание: Are you prepared for retirement? Many believe they are ready, but the reality is that there are significant retirement risks that often go unnoticed. This video sheds light on the importance of financial education and effective financial planning to ensure your retirement income is secure and your personal finance strategies are on point.

00:00 Introduction to Retirement Realities
00:30 Meet Lisa and Raj: A Case Study
01:15 Sign 1: The Cash Flow Mirage
03:04 Sign 2: Debt Follows You into Retirement
04:37 Sign 3: An Income Plan That's Too Rigid
06:23 Sign 4: Overlooking Health and Longevity Risks
07:54 Sign 5: Ignoring the Non-Financial Transition
09:17 Conclusion: Strengthening Your Retirement Plan

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Sources referenced in narrative:
Bengen, William P. Journal of Financial Planning, 1994.
Morningstar Research. State of Retirement Income 2023.
Blanchett, David. Dynamic Spending Strategies for Retirees, Morningstar 2023.
Fidelity Investments. 2024 Retiree Health Care Cost Estimate.
Genworth Financial. Cost of Care Survey 2023.
Society of Actuaries. Longevity Illustrator, 2023 Update.
Federal Reserve. Survey of Consumer Finances 2022.
Consumer Financial Protection Bureau. Financial Well-Being of Older Americans 2022.
MIT AgeLab. “The Future of Retirement,” ongoing research.