Holcomb Wealth Management’s Post

Most Americans don’t Understand the impact of this new ruling . The majority of people on LinkedIn will feel this pain The result of this action , won’t allow for Financial Professionals like myself to guide you on your retirement path . The uncertainty of retirement is already Scary…. Try navigating it alone! It’s time for the general public to be Informed and educate on this matter. Here is commentary on the new ruling and why you can’t sit and just Let the government decide your financial future…… HECK try solving the Social security conundrum…. If they need something to do…. This is over the top . #ecomomic #financial #retirememt

The average American aged 65 and up earns $55,335 annually, but with expenses reaching $52,141 yearly, there's little wiggle room for emergencies. With only about $200,000 in retirement savings, many find themselves needing to work past retirement age. 💼 💰 Also, they are burning about 75% of that income in these 4 expenses: 1. Housing: Downsizing can provide financial relief, allowing you to stash away funds for retirement or pay off debt. 2. Transportation: Consider alternative options like public transit to reduce costs. 3. Health Care: Prioritize preventative care to minimize expenses. 4. Food: Opt for meal planning and grocery list adherence to avoid overspending. With strategic adjustments, your retirement funds can stretch further, affording you the freedom to enjoy your golden years to the fullest. 🌟 If you wish to have expert guidance to secure your retirement and your family's financial future, book a FREE consultation with us and don't let more time pass by! #generationalwealth #wealthmanagement #buildingwealth #milliondollarbaby #collegefund #taxfreeretirement #annuity #fireyourboss #buildyourownagency #infinitebanking #familybanks #lifeinsurance #wealthaccumulationstrategies #qualifiedrollovers #401k

Social Security—it's the bedrock of retirement income for millions of Americans. But here's the cold, hard truth: It’s on shaky ground. The Social Security Administration itself warns that if nothing changes, benefits could be slashed by over 21% by 2034. Think about that for a moment. You could wake up one day to find your primary source of retirement income significantly reduced. Government policies shift, economic factors fluctuate, and suddenly, what you thought was a sure thing is anything but. You must account for these potential changes now, not later. Build a financial plan that’s flexible, one that doesn’t rely too heavily on Social Security. The future is uncertain—prepare accordingly. Visit www.group10financial.com today for more information! #socialsecurity #financialadvisorusa #financialadvisorus #financialadvisor #financialtips #retirementplanning #retirementgoals

"More than 11,000 Americans turn 65 every day—over 4.1 million a year, and that number is growing. Two decades ago, 45% of people had access to a pension plan. By 2024, that's dropped to less than a third. We're seeing our population age without the security of a pension plan."   - Karen (Inkel) Neeley, Vice President, Head of Institutional Retirement Solutions Group (IRSG), Pacific Life    At Pacific Life, we're dedicated to bridging this gap and providing guaranteed income solutions.    Catch it now, on The Wave Strength. https://lnkd.in/gB389p-F   #RetirementPlanning #GuaranteedIncome #PacificLife  

When it comes to retirement, Americans have a new number in mind — $1.46 million — for how much they think they will need to live comfortably, according to new research from Northwestern Mutual. That estimate is up 53% since 2020, when Americans said they would need $951,000, as the cost of living has surged in recent years. It is also up 15% from last year, when respondents said they would need $1.27 million. More: cnb.cx/3Ul27kc

While advocating for more retirement savings opportunities for lower and middle-income Americans, I emphasize the importance of preserving current tax benefits and incentives. Striking the right balance is key. Let's ensure financial security without compromising existing tax advantages. I say No to the "New Math"! #retirementsavings #taxbenefits #financialsecurity

About 20% of adults 50 years of age or older have no retirement savings, an AARP survey found. Within this age group, 61% are seriously worried they won’t be able to retire because they won’t be able to support themselves financially. America is facing a serious retirement crisis…Congress must act more swiftly to provide the financial support older Americans need and deserve,” Nancy LeaMond, AARP executive vice president and chief advocacy and engagement officer said. We can help. Click the link in our bio to schedule a free discovery chat with us. Proxy Financial: Wealth Done Better. #financialfreedom #retirementplanning #reachyourgoals #helpful #fyp

A recent report has shed light on the financial challenges faced by individuals looking to retire comfortably in three specific US states. The findings indicate that to achieve a comfortable retirement, individuals need to earn six-figure incomes in California, Hawaii, and New York. The report highlights the increasing cost of living and soaring housing prices […]

In 2023, the Retirement Confidence Survey revealed the largest decline in retiree confidence since the 2008 financial crisis, with many still not fully recovered in 2024. Despite ongoing concerns about inflation and the cost of living, there are signs of optimism among retirees. These findings highlight the critical role that you, as an advisor, play in guiding clients through uncertain times. In light of these challenges, it's essential to: ✨Have open conversations with your clients about what this means for them. ✨Reassess financial plans with your clients. ✨Educate and empower your clients with the information they need to make smart financial decisions. Read more in this Kiplinger article: https://loom.ly/0Z519i4 #RetirementPlanning #FinancialAdvising #FinancialPlanning #RetirementReady #InsuranceIndustry

Better Markets has been tirelessly working on the U.S. Department of Labor best interest rules for over a decade! Read our full statement here: #retirementsecurity #conflictofinterest #investorprotectiob