behind on savings

It’s always best to retire with a comfortable cushion, but because of the tough economy and the volatile markets of the past few years, many Americans have had trouble saving enough.

If you’re among them, you might consider the benefits of working a bit longer. The most obvious advantage is that it allows you to put more income into your savings, but there are other, less-appreciated advantages to extending your working years.

First, the longer you work, the longer you avoid cracking open your nest egg. This is important because today’s longer lifespans mean our assets often need to last for 30 years or more.

Secondly, working longer increases your Social Security benefits—and those increased benefits can help you live the retirement lifestyle you really want.

As always, we’re happy to have a more in-depth discussion about any retirement topic. Contact us at 830-609-6986.