Turning 50. Why is retirement planning important to your financial health?

Every two years, the National Institute on Retirement Security surveys Americans on why is retirement planning important to measure stress levels about retirement. The most recent poll found that most Americans remain worried about retirement. In fact, over 67% of Americans say the nation is facing a retirement crisis. And, a whopping 56 percent of Americans are concerned that they won’t be able to achieve a financially secure retirement. That is a terrible feeling and must be dealt with for the well-being of a giant segment of our population.

“The Gen X population is navigating the retirement of their Babyboomer parents and financing the kid's college, maybe weddings, there are always unforeseen expenses in life, always, which forefronts the question “why is retirement planning important” at any age. The future can not be guessed but it can be planned for well even if you’re just starting today.” –Adiel Gorel, Owner of International Capital Group

Adiel Gorel has helped thousands of GenX investors and investors at any age overcome this anxiety by investing in a way that has provided them with a lifetime of financial security. Gorel is hosting a free virtual event to answer the question; of why is retirement planning important and of course the most pressing question of 2022 which markets to invest in during this time. Don’t miss out, click icgre.com/icg-events/. 

This nagging question in every GenX’rs mind: why is retirement planning important right now is usually coupled with the question “is it too late?” Firstly it is in no way too late. Not to discount the anxiety, but it is not too late for GenX to retire in dignity, even into more abundance than thought possible. 

“Generation Xers are significantly more pessimistic about achieving financial security in retirement as compared to Baby Boomers. They are the generation both financing the previous generations retirement and the family college fund(s) at the same time.” - Adiel Gorel

Like any other warranted anxiety, the best approach is to take a step back and see the reasons why to find your way to a workable solution. The Great Resignation has masses of people regretting they didn’t already ask why is retirement planning important to me. And now without any way to possibly have foreseen the events beginning in 2019 they are relocating to newer homes in the suburbs, with a yard, room for a home office, and near a major metropolitan area for the lifestyle and perhaps to be close enough to the office if they need to go in, rather than work remotely once a week or once a quarter. 

When answering why retirement planning is so important and how it can be done, Adiel Gorel focuses on single-family homes in the sunbelt states, that attract families who are fleeing, in droves, the big cities after the pandemic and moving into the darling of the real estate market, the single-family home. 

Now for the GenX investor, this is a huge opportunity. Millions of people in the middle of the Great Resignation did not plan for this move and are looking to be renters right now, not owners at this time, and most likely not for a long time. Families with kids tend to be excellent long-term renters which equates to the stability of the single-family home with a 30-year-fixed rate as an excellent retirement plan.

All a GenX investor needs in the downpayment and closing costs, and of course decent credit to purchase a home that appeals to families with kids who are now transitioning to remote work and remote working is here to say for the foreseeable future. So instead of constantly asking why is retirement planning important, accept that it is vitally important, and it can begin now for GenX, for Millenials, and yes for Babyboomers and still have a significant impact on retirement and even on creating generational wealth. 

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Created on Apr 22nd 2022 01:41. Viewed 154 times.

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