How Retirement Surprises Can Change Your Life

Deal correctly with your retirement surprises and become a winner!

Retirement surprises pop up for everyone, just like your entire life is always accompanied by unpredicted happenings. So, there’s nothing strange about that. Still, at this phase in life, when you look forward to a calm and comfortable life, your mental perception receptor is turned off for retirement surprises.

In last week’s article, we explored avoiding the most common mistakes. But if you’re aware of the surprises to expect, it would be easier to eliminate possible errors along the road.

If you’re curious about what retirement surprises might be on your radar, this article is for you.

Retirement Surprises Without Guessing

There are many different investigations into retirement in general and, in particular, what constitutes good and bad surprises. The analyses can also vary depending on which country has been examined.

As this article will include many figures, I will clearly state the country of origin for each survey.

First out is a survey from the prestigious U.S. firm Hearts & Wallets. Take a look at this graph:

Even if figures from the U.S., I firmly believe the result is valid for most Western countries.

The big winner of this survey was how much retirees enjoy having more time and less stress. The rest of the stats are, in one way or another, money-related. Of course, having more income than when working and expenses lower than expected are sticking out as positive retirement surprises.

The rest of the surprises are negative. In many cases, total household income decreases when one retires.

Money isn’t the whole story

Another U.S. firm, Transamerica Center for Retirement Studies, came up with some other, not directly money-related topics, which are surprising for many.

Only 37% retired according to plan. What’s striking is that 56% retired sooner than planned.

Of course, there are many different explanations for this high figure of more than half the population, and from a macroeconomic perspective, the reserved pension funds for those pre-retired individuals will not be enough.

If the previous graph was conspicuous, this one would be even more… WHAT!

In today’s labor market, the speed of layoffs is increasing. Automation and all types of efficiency measures hit the labor market. In most industries, labor costs represent the highest portion of a product’s total cost…like it or not.

Although laws and regulations partly protect employees financially who are forced to leave their positions, it’s close to unbelievable that only 31% of people have a backup plan for income if forced into a premature retirement.

To close the circle about money, available income, or whatever label you would like to use, the following graph shows one single thing:

Your savings for retirement aren’t enough.

7 Retirement Surprises and How to Deal with Them

What most surveys have in common is that no matter which countries have been investigated, and without diminishing the importance of all other non-money-related retirement surprises, your monthly pension income will hardly allow you to maintain the standard of life you would like to have.

A few decades ago, you just had to accept the new situation, swallow the bitter pill, and adapt your life as a retiree to the new financial circumstances.

One of the most positive retirement surprises for you today is that there is a way out of this previously so dark horizon for retirees. Actually, there are three possible ways out, but you will definitely consider only one of them a feasible choice.

Watch the video and get your instructions.

This is the link to the page mentioned in the video: https://tvdmexonline.com/ModernWealthy3624

When you finally retire, there are always questions popping up in your mind, like:

Why didn’t I retire earlier?

What if I had saved more money for my retirement?

Could a part-time business before retirement change my situation?

Where does all the money go?

The list can continue, and most of the questions are money-related. Just a few decades ago, the issue was resolved by recognizing what you could have prepared better before retirement. Today, there is an option.

Start your own profitable online business!

After reading this article and watching the video choices:

Continue your life as retired, enjoy the best way you can, probably being forced to downgrade your financial status
Refuse to continue your retirement without being able to live the dreams you always have had. Click the box below and start your journey today, building your online business all on your terms.