{"id":5624,"date":"2019-02-10T17:00:55","date_gmt":"2019-02-10T22:00:55","guid":{"rendered":"http:\/\/billlosey.com\/?p=5624"},"modified":"2019-02-10T17:00:55","modified_gmt":"2019-02-10T22:00:55","slug":"certain-uncertainties-in-retirement","status":"publish","type":"post","link":"https:\/\/billlosey.com\/knowledge-center\/certain-uncertainties-in-retirement\/","title":{"rendered":"Certain Uncertainties in Retirement"},"content":{"rendered":"\n<p><strong> <\/strong><em>Two financial unknowns may erode your degree of confidence.<\/em><\/p>\n\n\n\n<p>The financial uncertainties\nwe face in retirement may risk reducing our sense of confidence, potentially\nundermining our outlook during those years.<\/p>\n\n\n\n<p>According to the 2018\nRetirement Confidence Survey by the Employee Benefits Research Institute, only\n17% of pre-retirees said they are \u201cvery confident\u201d about having enough assets\nto live comfortably in retirement. In addition, just 32% of retirees were \u201cvery\nconfident\u201d in their prospects for doing so.<\/p>\n\n\n\n<p>Today, retirees face two\noverarching uncertainties. While each one can lead even the best-laid\nstrategies awry, it is important to remember that remaining flexible and\nresponsive to changes in the financial landscape may help you meet the\nchallenges posed by uncertainty in the years ahead.<\/p>\n\n\n\n<p><strong>An Uncertain Tax\nStructure. <\/strong>A mounting national debt\nand the growing liabilities of Social Security and Medicare are straining\nfederal finances. How these challenges will be resolved remains unknown, but\nhigher taxes \u2013 along with means-testing for Social Security and Medicare \u2013 are\nobvious possibilities for policymakers.<\/p>\n\n\n\n<p>Whatever tax rates may be in\nthe future, taxes can be a drag on your savings and may adversely impact your\nretirement security. Moreover, any reduction of Social Security or Medicare\nbenefits has the potential to increase financial strain during your retirement.<\/p>\n\n\n\n<p>Consequently, you will need\nto be ever mindful of a changing tax landscape and strategies to manage the\nimpact of whatever changes occur.<\/p>\n\n\n\n<p><strong>Market Uncertainty. <\/strong>If you know someone who retired (or wanted to retire)\nin 2008, you know what market uncertainty can do to a retirement blueprint.<\/p>\n\n\n\n<p>The uncertainties have not\ngone away. Are we at the cusp of a bond market bubble bursting? Will the\neurozone find its footing? Will U.S. debt be a drag on our economic vitality?<\/p>\n\n\n\n<p>Over a 30-year period,\nuncertainties may evaporate or resolve themselves, but new ones may also\nemerge. Solutions for one set of financial or economic circumstances may not be\nappropriate for a new set of circumstances.<\/p>\n\n\n\n<p>Scottish philosopher Thomas\nCarlyle said, \u201cHe who could foresee affairs three days in advance would be rich\nfor thousands of years.\u201d Preparing for uncertainties is less about knowing what\nthe future holds as it is being able to respond to changes as they unfold.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Two financial unknowns may erode your degree of confidence. The financial uncertainties we face in retirement may risk reducing our sense of confidence, potentially undermining our outlook during those years. According to the 2018 Retirement Confidence Survey by the Employee [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[18],"tags":[],"class_list":["post-5624","post","type-post","status-publish","format-standard","hentry","category-blog"],"_links":{"self":[{"href":"https:\/\/billlosey.com\/knowledge-center\/wp-json\/wp\/v2\/posts\/5624","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/billlosey.com\/knowledge-center\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/billlosey.com\/knowledge-center\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/billlosey.com\/knowledge-center\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/billlosey.com\/knowledge-center\/wp-json\/wp\/v2\/comments?post=5624"}],"version-history":[{"count":0,"href":"https:\/\/billlosey.com\/knowledge-center\/wp-json\/wp\/v2\/posts\/5624\/revisions"}],"wp:attachment":[{"href":"https:\/\/billlosey.com\/knowledge-center\/wp-json\/wp\/v2\/media?parent=5624"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/billlosey.com\/knowledge-center\/wp-json\/wp\/v2\/categories?post=5624"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/billlosey.com\/knowledge-center\/wp-json\/wp\/v2\/tags?post=5624"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}