Retired in America

Your Guide to a Confident Retirement

  • Home
  • Personal finance
  • Retirement Life
  • Saving & Spending

8 Reasons Your Retirement Will Be Tougher Than You Expect

September 7, 2020 · Personal finance

Look around you. Take a good look at all the seniors in and around your life. What does their retirement look like? What about when you compare it to your parents’ and grandparents’ golden years?

Undoubtedly, there’s a lot to learn from the older generation, from general life advice to tips and tricks for a happy, fulfilling life. But if you’re looking to get retirement advice then it might not be a great idea. That’s because your parents and grandparents likely had a much easier time both in terms of preparing their nest egg and actually enjoying it!

Let’s face it, a lot of things have changed in the United States over the years. Social and economic shifts have become so drastic that what one generation could experience might be unfeasible for the next.

It’s about time we deconstruct these issues and look at 8 reasons your parents had an easier time with their retirement plans. And while we’re at it, are there any things you can do to ensure your own golden years will go according to plan?

1. We’re living longer

Lifestyle changes, along with advances in medicine, have become major factors in our retirement planning. Back in 1935, the average 65 year old senior could expect to live around 12 more years. Nowadays? You can expect to live for two more decades, according to the Social Security Administration.

Think about it, you have to make sure that your finances are in order for an additional 20 years after you exit the workforce. Not only do you need to cover living expenses but most likely medical costs as well. Not to mention always having an emergency fund at the ready!

All of these things might be difficult to figure out on your own. You can speculate and make plans, but our tip is to contact a financial adviser. They’re better equipped with situations like these and know what an average person needs during retirement, so calculating how much you can save for a longer period of time is right up their alley.

Don’t try to do everything on your own!

Pages: 1 2 3 4 5 6

Share this article

Facebook Twitter Pinterest LinkedIn Email

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Search

Latest Posts

  • A senior woman looking thoughtfully at her phone in a bright, modern home office. 6 Social Security Scams You Need to Pay Attention to
  • A happy retired couple enjoying the sunset on a beautiful porch. 8 States to Retire For Less Than 45K a Year
  • A retired couple looking at a map on a sunny balcony overlooking a beautiful coastal town. 10 Countries to Retire Where $150K Is More Than Enough
  • A happy retiree working on a laptop on a sunny patio, symbolizing flexible part-time work. 20 Great Part-Time Jobs For Retirees
  • A senior couple smiling while looking at a tablet in a bright, modern kitchen. 5 Crucial Medicare Changes Coming Soon
  • A senior couple happily unpacking groceries in a bright, modern kitchen. 9 Ways to Shop at Costco Without a Membership
  • A happy retired couple stands on the porch of a beautiful, sunny home, symbolizing an affordable and joyful retirement. 10 Best Places to Retire That Won't Break the Bank
  • An older man confidently using a laptop in a sunlit home office, symbolizing digital security. 7 Common Passwords To Avoid
  • A retired couple looking out a window in their bright, downsized modern home. 11 Mistakes to Avoid When Downsizing Your Home
  • A retired couple smiling on a balcony overlooking a scenic coastal village at sunset. 12 Best Countries to Live Perfectly Well on Social Security

Newsletter

Get retirement planning tips, savings strategies, and lifestyle insights delivered to your inbox.

Related Articles

25 Changes to Your 401(K) Plan That Can Save Your Retirement

If your place of employment doesn’t offer pension plans, then saving up for your retirement…

Read More →

9 401(k) Tips to Get More Money in Retirement

A smiling senior man reads a retirement guide while relaxing in his bright, modern living…

Read More →

The States With the Best (and Worst) Social Security Checks

Explore the states with the highest and lowest average Social Security checks, and learn how…

Read More →

10 Reasons Why Most American Seniors Are Addicted to Their Social Security

Explore why most seniors rely heavily on Social Security to survive retirement, from guaranteed lifetime…

Read More →
A senior couple carefully reviewing retirement documents together in a bright, modern home office.

10 Mistakes That Reduce Your Social Security Payments

Avoid these 10 costly Social Security payment mistakes to protect your monthly checks, minimize taxes,…

Read More →

5 Things You Need To Do if You Want To Retire at 62

There are many people that are close to retirement age who are looking forward to…

Read More →

Top 10 Retirement Planning Apps You Need To Download Today

A well-done retirement planning will ensure you the retirement income goals you wished for. It’s…

Read More →
A retired couple smiling in a bright apartment, symbolizing financial peace in retirement.

25 US Cities Where Your Social Security Can Pay the Rent in 2026

The average Social Security retirement benefit in 2026 is $1,976 per month. The national median…

Read More →

10 Best Jobs for Retirees

A show of hands, please! Who here thought retirement was going to be relaxing, fun…

Read More →
Retired in America

Your Guide to a Confident Retirement

Inedit Agency S.R.L.
Bucharest, Romania

contact@retiredinamerica.com

Trust & Legal

  • About Us
  • Editorial Policy
  • Advertiser Disclosure
  • Frequently Asked Questions
  • Disclaimer
  • Terms and Conditions
  • Privacy Policy
  • Subscribe
  • Unsubscribe
  • Contact Us

Categories

  • Personal finance
  • Retirement Life
  • Saving & Spending

© 2026 Retired in America. All rights reserved.