Gary Alden discusses how a study found that many baby boomers have not saved enough for retirement, and this will have consequences for their children who may have to take care of them or pay for long-term care. Gary advises the importance of involving adult children in financial planning discussions when necessary. 

To schedule a complimentary financial plan with Kingwood Investment Group visit thekig.com

Gary Alden and Christopher Alden of Kingwood Investment Group have years of experience and personalized services focused on your needs, wants, and long-term goals. They have helped clients with retirement planning, personal finances, taxes, estate planning, wealth management, and so much more. Listen as Gary and Christopher cut through the confusion of retirement on ‘Retire with the Aldens’ every week!

Gary Alden discusses how a study found that many baby boomers have not saved enough for retirement, and this will have consequences for their children who may have to take care of them or pay for long-term care. Gary advises the importance of involving adult children in financial planning discussions when necessary. 
To schedule a complimentary financial plan with Kingwood Investment Group visit <a href="https://www.thekig.com/">thekig.com</a>
Gary Alden and Christopher Alden of Kingwood Investment Group have years of experience and personalized services focused on your needs, wants, and long-term goals. They have helped clients with retirement planning, personal finances, taxes, estate planning, wealth management, and so much more. Listen as Gary and Christopher cut through the confusion of retirement on ‘Retire with the Aldens’ every week!

We know we’re supposed to be getting ready for retirement, but it’s so complicated that we’re not sure how! Whether you are investing to build wealth, protect your family, or preserve your assets, Gary Alden and Christopher Alden of Kingwood Investment Group have years of experience and personalized services focused on your needs, wants, and long-term goals. Listen as Gary and Chris cut through the confusion of retirement on ‘Retire with the Aldens’ every week!

Retire with the Aldens

Summary  A study found that many baby boomers have not saved enough for retirement, and this will have consequences for their children who may have to take care of them or pay for long-term care. It is important to involve adult children in financial planning discussions when necessary. Many baby boomers do not have enough money to cover the cost of long-term care, and a significant percentage have no retirement savings at all. This will put a strain on the healthcare system, government programs, and the economy. Mistakes in 401k plans include underestimating the cost of retirement, not rebalancing the portfolio, relying solely on target date funds, and having a set-and-forget strategy. Diversification and regular rebalancing are crucial for a successful 401k plan.

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