Episode 108: 5 Important Retirement Statistics

What can we learn from these retirement statistics? Sometimes the data available can help guide you and your decisions when it comes to planning for retirement. On today’s episode of the Cover Your Assets KC podcast, we discuss five important statistics you’ll want to keep in mind.

Read more and get additional financial resources here: https://coveryourassetskc.com/episode-108-5-important-retirement-statistics/ 

What we discuss on this episode: 

1:35 - What are important retirement statistics?

2:29 - 17 percent of American workers are confident they’ll have enough money in retirement.

7:27 - The average 65-year-old woman has a life expectancy of 20.7 more years.

9:31 - 16.5 percent of our population is over age 65.

11:58 - The average retiree will spend almost $300k for out-of-pocket medical expenses.

15:47 - 90 percent of people over 60 years old say a written plan is important.