Fullerton Financial Hour

Retiring is challenging enough already but if you’re about retire, now you face the possibility of trying to do so during a global economic meltdown. Sound intimidating?

Life in retirement has change dramatically over the past few decades, with people living longer and leading more active lives. Put it another way … in retirement we don’t need that rocking chair.

Resolutions are easy to make and even easier to break. It’s time to look ahead and think about practical goals for the new year.

It’s a bit of a sticker shock for all those gifts “my true love gave to me” … starting with that partridge in a pear tree.

A phone call or website can seem so impersonal. Or worse, it could be a financial scam. At least, those are possible thoughts one may have before they visit someone to handle their finances in retirement. It can be a scary thought to go out there and do something new. So, to help provide more confidence to face the unknown, this show will focus on what the process is like for a potential new client first meeting with a financial professional and what this meeting and process may entail.

Women statistically outlive men by about six years, so a lot of wives will outlive their husbands in retirement. That means a lot of women will suddenly be taking over their own finances for what may be the first time in their lives. That can be confusing and even scary.

In 2020 more than half of all Americans were covered by some type of life insurance. So a good number of people see life insurance as a useful tool to help protect their families and loved ones. The question we want to address today, is not really “do I need life insurance?” but rather, “Do I need life insurance for my retirement?”

We’ve repeated the stats time and time again: thousands of Baby Boomers retire every day. And by 2030, they will all be 65. And if Baby Boomers are up to bat for retirement … that means Generation X is on deck.