How Retirement has Changed Over the Past Decade: 4 Key Changes

Matt Stevenson and Peter Lott of Allied Wealth discuss how retirement has changed, and how building a plan and navigating stock market environments is much different today than it was in the past.

Retirement and investment planning have undergone significant changes over the years due to various factors, including changes in demographics, the economy, and technological advancements. Here are some of the key ways that retirement and investment planning are different today than in the past:

1. Increased emphasis on individual responsibility: In the past, many workers relied on employer-provided pension plans to fund their retirement. However, today, the responsibility for retirement planning has shifted to the individual, with many people relying on personal savings and investments to fund their golden years.

2. Greater investment options: Today’s investors have access to a wide range of investment options, including mutual funds, exchange-traded funds (ETFs), and individual stocks. This increased variety of investment options has made it more challenging for retirees to understand which investment tools might be best suited to them.

3. Retirement age: In the past, it was common for people to retire at age 65. However, todays retirees are working longer, with many choosing to work part- time or start their own businesses after leaving their primary career.

4. Understanding Conventional Financial Wisdom of the past: For decades, many investors used a passive mix of stocks and bonds to build their retirement plan. With increased volatility today in both the stock and the bond market, understanding that there are other tools and resources available to help navigate difficult stock market environments is essential.

This is how retirement has changed over the last decade.

Overall, retirement and investment planning today require a more proactive approach, with individuals taking on greater responsibility for their financial future. At the same time, advances in technology and a wider range of investment options have provided retirees with more options than ever before; educating yourself on the proper tools to use for your own retirement plan is essential.

So how retirement has changed over the last decade? Make sure you watch the video from On The Money!

Also read: Retirement Planning: Build A Comprehensive Plan For A Comfortable Future.


Our Channel “ ON THE MONEY“, is powered by Allied Wealth, Houston’s premier wealth management and financial planning firm. On the Money brings viewers educational, topic-driven, and real-life financial scenarios every week.

Topics we will be covering are Retirement and Financial Planning, Investment Selection, Retirement Income Planning, Taxes and Taxation during Retirement, Healthcare, Long Term Care, Legacy and Estate Planning, in addition to important Market and Economic changes impacting Retirement.

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