The 10 Scariest Things About Retirement (And How to Face Them)

Retirement Roadmap

We examine the most common retirement fears that prevent people from planning effectively and offer practical solutions to address them.
• Running out of money tops the list of retirement concerns as people face longer lifespans without traditional pensions
• Healthcare costs average around $335,000 for a retired couple, with Medicare covering less than many expect
• Loss of identity and social isolation after leaving the workforce can lead to depression and accelerated health decline
• Creating purpose through volunteering, social activities and new interests helps maintain mental and physical health
• Longevity risk requires planning for potentially decades of retirement with inflation outpacing fixed income sources
• Fear of burdening family members can be addressed through proper long-term care planning
• Market volatility concerns can be managed through strategic "bucket" planning for different financial needs
Visit masterplanretire.com to access retirement resources, guides, and checklists or call 770-980-9262 to schedule a complimentary consultation.

Have a topic or question you'd like Mark and Evan to address in a future episode? Email us at [email protected] or call 770-980-9262.
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Catch all episodes of our podcast at https://www.masterplanyourretirement.com/resources/episodes
Listen to Mark Fricks on Saturdays at 8:30 a.m. EST on AM920 WGKA and 12:00 p.m. on XTRA 106.3FM WFOM.
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Advisory services offered through MasterPlan Retirement Consultants, Inc., a Registered Investment Advisor in the state of Georgia. Insurance, tax and commodities services offered through Fricks and Associates, Inc. dba MasterPlan Retirement Consultants. The aforementioned are affiliated companies.
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Chapters

1. The 10 Scariest Things About Retirement (And How to Face Them) (00:00:00)

2. Scariest Things About Retirement (00:00:06)

3. Running Out of Money Fears (00:03:10)

4. Healthcare Costs and Health Concerns (00:05:02)

5. Identity Loss and Social Isolation (00:09:10)

6. Website Resources and Consultation Offer (00:13:12)

7. Boredom, Longevity Risk and Family Burden (00:15:05)

8. Market Volatility and Final Thoughts (00:21:36)