PHILADELPHIA, PA, October 08, 2012 (Press-News.org) According to a recent article from Fox Business, new surveys from AARP suggest that the Baby Boomer generation is placing greater pressure on the American government for financial solutions regarding retirement. The article notes that many older citizens will be casting votes during the upcoming presidential election in response to each candidate's approach in terms of "retirement readiness, savings and security." Worth Unlimited--a financial management organization--notes that current concern should encourage younger generations to pursue more stable savings strategies.
Although the government does play a major role in retirement savings and expenses, Worth Unlimited believes that with proper planning, Americans can achieve greater wealth during their years of retirement. While many members of the Boomer generation have encountered financial troubles as a result of their retirement planning, those who are still working report high anxiety regarding financial security. The article states, "According to the AARP, working Boomers are not only concerned about losing their job, but also that prices are rising faster than their income--especially when it comes to the cost of health care."
In a recent press statement, Worth Unlimited responds, "The high amount of financial concerns coming from the Baby Boomer generation suggests that there is a great need for immediate financial planning. The lack of preparedness these individuals are facing as a result of rising costs that do not meet their savings demonstrates how important it is to begin managing finances as soon as possible. No matter what phase of life an individual is in, there is always an opportunity to handle finances more securely to maximize personal wealth. The concerns may cause older generations to take action in terms of voicing opinions on government assistance, but younger generations should also pay attention to these trends."
Worth Unlimited notes that while the recent recession has had a great impact on the way Americans approach retirement, the act of saving for that phase of life does not always come with guarantees. Worth Unlimited concludes in its press statement, "Current concern certainly shows that it is always better to be safe than sorry in terms of saving. Debt and financial management can help younger individuals face unforeseen costs in the future."
ABOUT:
Worth Unlimited is a company designed to help individuals reduce debt and maximize personal wealth, all through strategic and savvy online financial management strategies. The company developed its Worth Account system as an intuitive online platform, designed to help individuals stay on course financially. The Worth Account platform offers around-the-clock monitoring and analysis, allowing individuals to gain a comprehensive understanding of their own finances. Worth Unlimited is passionate for helping clients meet their financial goals.
Website: http://worth-unlimited.com/
Worth Unlimited: Current Retirement Concerns Suggest Greater Need for Financial Planning
The Baby Boomer generation strives for government resolutions regarding retirement plans, many question how these needs will translate in the upcoming election. Worth Unlimited highlights this trend, noting a greater need for financial management.
2012-10-08
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[Press-News.org] Worth Unlimited: Current Retirement Concerns Suggest Greater Need for Financial PlanningThe Baby Boomer generation strives for government resolutions regarding retirement plans, many question how these needs will translate in the upcoming election. Worth Unlimited highlights this trend, noting a greater need for financial management.