69% of Americans Aren't Planning for This Major Retirement Expense

69% of Americans Aren't Planning for This Major Retirement Expense

The American College of Financial Services
The Motley Fool
October 6, 2020

When planning for a life in retirement, many older Americans will have to factor in the potential costs for long-term medical expenses. Studies show 70% of Americans will eventually need these services; however, The College’s 2020 Retirement Income Literacy Survey indicates only around 30% of retirees have a plan in place to pay for them.

For more on the survey’s takeaways and what you can do to ensure clients and family members are prepared, read this piece from The Motley Fool.

Invest in your career with a professional designation.

Baby Boomers are retiring at an unprecedented rate, meaning that more and more Americans are facing the challenge of using their investments to maintain their quality of life. For them, the usual investment advice no longer applies. They need the unique strategies you can learn through the three-course Retirement Income Certified Professional® (RICP®) designation program. Help your clients thrive while growing your career.

Learn More