It’s hard to imagine what Retirement will be like even now, but it is getting tougher by the day. Senior Anxiety over the state of the nation’s finances and their worries about health, career and other aspects of life have been clear in recent months. Imagine how you would feel if you were told that certain Social Security benefits are under threat. This would be a worrying prospect for older people who are already battling financial challenges in retirement.

Retirement is no longer as secure a prospect as it was. It is important to look into the future, plan, and make informed decisions. There are many areas of retirement to consider when deciding on how much you will spend and where your Money will go. Below are some of the major factors that may impact how much you can afford in retirement.

As we approach our golden years and look ahead to retirement, it’s worth considering the bleaker side of this wonderful time.

If a Pension is the only thing you have to fall back on when you go through old age, then it’s worth thinking about today. The population of older people is growing faster than ever before, and many countries have already realized that the time for action is now.

One thing that really puts the icing on the cake is when you consider how much older North America has become. It was just a few years ago that women were hitting their 30s. Now, they’re looking at being 60-something. The Baby Boomers are Aging and this demographic shift has led to a lot of alternative Employment, with fewer younger people entering the workforce altogether.

It’s no secret that the ageing demographic is not being very cooperative about things. Many of us are working until we drop dead or we are just sitting around doing nothing. Then there are pensions, health and economic worries. The situation is pretty grim if you ask me! Don’t worry, it won’t always be like this. One day everything will be fixed and you’ll be able to retire on your four wheeler with a smile on your face while drinking some beer by the lake with all your friends.

Originally Published on https://boomersnotsenior.blogspot.com/

Royce Shook Blogger

I served as a teacher, a teacher on Call, a Department Head, a District Curriculum, Specialist, a Program Coordinator, and a Provincial Curriculum Coordinator over a forty year career. In addition, I was the Department Head for Curriculum and Instruction, as well as a professor both online and in person at the University of Phoenix (Canada) from 2000-2010.

I also worked with Special Needs students. I gave workshops on curriculum development and staff training before I fully retired