{"id":377,"date":"2018-05-06T00:00:00","date_gmt":"2018-05-06T00:00:00","guid":{"rendered":"https:\/\/www.simplifiedwealth.com\/articles\/4-reasons-your-retirement-plan-might-fall-short\/"},"modified":"2018-05-06T00:00:00","modified_gmt":"2018-05-06T00:00:00","slug":"4-reasons-your-retirement-plan-might-fall-short","status":"publish","type":"oi_article","link":"https:\/\/www.simplifiedwealth.com\/blog\/4-reasons-your-retirement-plan-might-fall-short\/","title":{"rendered":"4 Reasons Your Retirement Plan Might Fall Short"},"content":{"rendered":"\n
Ever find yourself daydreaming about retirement? Whether your dream retirement entails traveling the world, dedicating time to beloved hobbies, or helping your children and grandchildren, saving enough for retirement is critical to enjoying all of these endeavors. Everyone deserves the best retirement possible, but numerous planning mistakes can cause retirement plans to fall short.<\/p>\n\n\n\n
According to recent studies, retirement savings look grim for many Americans for reasons such as living longer, expensive medical care, and the rising cost of living. One survey<\/a> showed that 45% of all Americans have saved nothing<\/em> for their retirement, including 40% of Baby Boomers. This trend continues with younger generations too, with a recent report from The National Institute on Retirement Security<\/a> showing that 66% of Millennials haven\u2019t saved a penny towards their retirement. <\/p>\n\n\n\n