By Brian M. Johnson, MBA, CLTC
If you’re approaching age 50 or thinking of retirement, keep this acronym in mind “SWAN.”
Surveys from folks in this retirement planning age group are interesting because these concerns are almost always in their answers to questions such as: What do you worry about after your working years are over?
Here are some top-concerns:
• Outliving my money.
• Keeping my nest-egg secure (no or little risk of principal).
• Dieing to soon.
• Becoming sick or disabled which in turn could eat up my retirement nest-egg.
• Becoming dependent on my children.
• Leaving a meaningful and significant legacy to my children/grand-children/charity.
These concerns are real-life and can happen to any of us without proper planning