The Negatives of Retirement Nobody Discusses!

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1) Retirement renders your net worth meaningless.

In high-cost states, $1 million may not last long in retirement. If your wealth generates income, that's all that matters.

2) Retirement income taxes might be high

If you've saved most of your money in a tax-deferred retirement plan like a 401k, you'll pay taxes at your usual income-tax rate.

3) Inflation affects retirement income

Inflation must be factored into retirement income calculations. The consequences can be stealthy. Inflation affects buying power.

4) Your savings may run out

Most individuals want a long, healthy life when asked. Without appropriate money, this can be a drawback of retirement.

5) Long-term care costs can deplete savings

Even if you have a huge nest egg, you could run out of money if you don't plan for long-term care.

6) High healthcare costs may surprise you

Unprepared retirees may be shocked by healthcare bills. Fidelity Investments says a 65-year-old couple retiring this year will require $315,000.

7) Social Security money alone is difficult

A person can quickly learn that relying solely on Social Security benefits is not a sustainable financial strategy.

8) You Might Become Bored

Once retired, they have 365 Saturdays, but not everyone can golf daily. Don't ignore how to stay relevant in your golden years.

9) You may need to work

For a variety of reasons, you may need to continue working after you retire. And it could be more than just a side gig.

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