How to Avoid Fumbling Football in ‘Red Zone of Retirement’
Football is a big deal in the United States, and so is the surge of retirees – 10,000 baby boomers every day for the next 18 years, said multi-certified planner Larry Roby. The last thing pre-retirees want to do at this stage of their lives is to fumble while in the “red zone of their retirement date,” he said.
“Only 23% of pre-retirees have calculated how much they’ll need to save for retirement, according to New Retirement Landscape. While three-quarters say they’re confident in the red zone of retirement, an equal amount of people haven’t even done the math yet!” said Roby, Founder and President of Senior Financial Advisors, “a wealth-management firm that holds ethics and education as top priorities.”
“Confidence in your retirement portfolio is good – if it’s justified,” he said. “Otherwise, it can lull people into a false sense of security and lack of preparedness.”