Expect to retire and then become self-employed Expect to retire and work a part-time job Expect to keep working as long as possible Plan to follow the traditional retirement model of working full time until a set date and then stop working altogether Among Those Ages 55-64, % Who Had Not Yet Retired: How the Great Recession Impacted Retirement for Those Ages 45 & Up: Costs that Could Increase in Retirement: Source: Board of Governors of the Federal Reserve, Report on the Economic Well-Being of U.S. Households in 2016. Published May 2017. Source: US News & World Report, 10 Costs That Could Increase in Retirement. Retirement planning is an essential factor in your overall financial well-being. Work with your advisor to develop a personalized retirement plan that can help you pursue your long-term goals and objectives. Discuss your desired lifestyle, anticipated expenses and how you wish to spend your retirement years. Many retirees expect their expenses to decrease after retirement; however, for most, expenses increase. Here are 10 costs that could increase in retirement: 21% of Americans have NO retirement savings 1 46% of non-retirees say they will NOT have enough money to live comfortably in retirement 2 8 in 10 workers expect their workplace retirement savings plan will be a source of income in retirement 3 Only 19% of workers and 39% of retirees have tried to calculate how much money they would need to cover healthcare costs in retirement 4 Sources: 1 https://www.cnbc.com/2018/05/11/how-many-americans-have-no-retirement-savings.html 2 https://news.gallup.com/poll/233861/update-americans-concerns-retirement-persist.aspx 3 https://www.ebri.org/docs/default-source/rcs/1_2018rcs_report_v5mgachecked.pdf?sfvrsn=e2e9302f_2 4 https://www.ebri.org/docs/default-source/rcs/1_2018rcs_report_v5mgachecked.pdf?sfvrsn=e2e9302f_2 Multiple Sources Used by Retirees to Pay for Expenses During Retirement: Source: U.S. Federal Reserve Report on Economic Well-Being in U.S. Households May 2017 Are YOU Prepared? Retirement Planning & Savings Travel Entertainment Socializing Health Insurance Premiums Co-Pays & Deductibles Prescription Drugs Long-Term Care Household Help Grandchildren Taxes Average Amount of Thought Non-Retired Individuals Have Given to Retirement Planning: Of Non-Retired Individuals: A High Amount - 11% A Fair Amount - 16% Little to None - 49% Investment advisory services offered through CWM, LLC, an SEC Registered Investment Advisor. Carson Partners, a division of CWM, LLC, is a nationwide partnership of advisors. 00453702-R-0619