7 Questions People Over 60 Ask About Retirement, Ep #73 

<p>This episode is based on a book by Dr. Frank Luntz, “<a href= "https://www.amazon.com/What-Americans-Really-Want-Dreams/dp/1401322816" target="_blank" rel="noopener">What Americans Really Want...Really: The Truth About Our Hopes, Dreams, and Fears</a>.” Dr. Luntz has led focus groups and conducted numerous surveys on Americans to gather research about what Americans want. So in this episode of Retirement Made Easy, I cover the 7 most common worries of retirees as well as answer some listener questions!</p> <h2>You will want to hear this episode if you are interested in...</h2> <ul> <li>[4:49] 7 Questions people over 60 have about retirement</li> <li>[11:58] Listener Question #1: Why I think life insurance is NOT an investment</li> <li>[15:36] Listener Question #2: Why some financial advisors only deal with investments</li> <li>[17:05] Listener Question #3: A guaranteed 10% return and money back</li> <li>[18:05] Listener Question #4: How to invest an inherited IRA</li> </ul> <h2>7 Questions people over 60 have about retirement</h2> <ol> <li><strong>Will I run out of money before I run out of years?</strong> I hear this question over and over again. The thought of living purely on social security is terrifying. What if they have to go back to work? </li> <li><strong>Is social security going to be there for me?</strong> Everyone is worried social security will run out before it’s their turn to collect. </li> <li><strong>Will I be able to afford healthcare when I get too old to work?</strong> Healthcare expenses continue to rise—how can a retiree continue to afford trips to a doctor? </li> <li><strong>Am I one medical emergency away from bankruptcy and ruin?</strong> </li> <li><strong>Are prescription drugs going to be so expensive that you’ll have to choose between them and food?</strong> </li> <li><strong>Will I be a physical or financial burden on my spouse or children?</strong> No one wants to be a burden to their loved ones.</li> <li><strong>Will I lose my independence and mobility at some point?</strong> Any