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Are your retirement savings safe?

Mediafeed Logo By Deb Hipp of Mediafeed | Slide 1 of 7: Two-thirds of workers across three generations – millennials, Generation X and baby boomers – are confident they’ll be able to retire with a comfortable lifestyle, according to "What is 'Retirement?' Three Generations Prepare for Old Age," a 2019 survey of workers published by Transamerica Center for Retirement Studies, a nonprofit foundation based in Los Angeles.You may think you’ve got retirement covered with savings in retirement and other accounts. However, whether you’re nearing retirement age or already enjoying retirement, unexpected expenses due to aging, along with shifting economic and cultural factors, can derail, or at least curtail, your financial plans for retirement.Continue on to learn 6 surprise costs that can strike a disabling blow to retirement savings.

Are your retirement savings safe?

Two-thirds of workers across three generations – millennialsGeneration X and baby boomers – are confident they’ll be able to retire with a comfortable lifestyle, according to "What is 'Retirement?' Three Generations Prepare for Old Age," a 2019 survey of workers published by Transamerica Center for Retirement Studies, a nonprofit foundation based in Los Angeles.

You may think you’ve got retirement covered with savings in retirement and other accounts. However, whether you’re nearing retirement age or already enjoying retirement, unexpected expenses due to aging, along with shifting economic and cultural factors, can derail, or at least curtail, your financial plans for retirement.

Continue on to learn 6 surprise costs that can strike a disabling blow to retirement savings.

© AlbertPego/ istockphoto

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