r u t u F r u o V l o b g n i n Plan Th Svn Ky Challngs Of Rtirmnt by Grgory Salsbury, Ph.D. (NAPSA)—Thr’s good nws for baby boomrs planning for rtirmnt—vn if thy ar gtting a lat start. Whthrrtirmntis fiv yars away or 20, boomrs can start prparing now by working with an xprincd financial profssional to addrss th svn ky challngs w of rtirmnt. 1. Aging of — =) Amrica. Amri- 7)" cans, as a whol, ar i Mi gtting oldr. Thy a ar also living longr . 5 andrtiring soonr. ~ Thrisk of outliving Salsbury on’s rtirmnt savings has nvr bngratr. 2. Disapparing Pnsions. Mor than 1,000 mployrs discontinu thir pnsion plans ach yar, putting th rsponsibility for saving for rtirmnt into th handsof th individual. 3. Social Inscurity. Mor than two-thirds of rtirs rly on Social Scurity for half thir incom, but th program is in dangr of going bankrupt. 4. Th Tax Ax. Taxs ar th singl gratst monthly xpnsfor most Amrican familis, accounting for 30 prcnt of thir incom. Many indicators showthis prcntag will continuto incras. 5. Inflation: Th Invisibl Enmy. Sinc 1965, annual inflation has avragd 4.6 prcnt. If an individual must arn $50,000 a yar in today’s dollars, h or sh will nd mor than twic that in Amricans ar undrsavd and undrprpard for rtirmnt. Half of Amrican housholds hav lss than $24,000 in total financial assts. Dr. Grgory Salsbury is xcutiv vic prsidnt of Jackson National Lif Distributors LLC and th author of “But What If I Liv? Th Amrican Rtirmnt Crisis: A Rtirmnt Guid for standard ofliving. at www.butwhatifiliv.com. 25 yars to maintain th sam Working with an xprincd financial profssional can hlp boomrs fac th svn ky challngsof rtirmnt. 6. Th Halth Car Night- mar, Evn with Mdicar, th avrag Amrican may nd almost $300,000 in inflationadjustd dollars to covr halth car costs in rtirmnt. Rsarch indicats that halth car xpnss ar th No. 1 concrn of Amricans agd 45 and oldr, ahad of th war, th conomyor ducation. 7. Rd, Whit & Brok. Most Baby Boomrs,” which is availabl
