SMART STRATEGIES FOR RETIREMENT: YOUR FINANCIAL QUESTIONS ...

SMART STRATEGIES FOR RETIREMENT: YOUR FINANCIAL QUESTIONS ANSWERED

ROGER PASCHKE

HEARST CHIEF INVESTMENT OFFICER

AUGUST 8, 2018

*The information being presented at this event is for general information, education and reference purposes only. It is not meant to provide, or take the place of, specific legal, tax or investment advice.

HEARST INVESTMENT TEAM

Roger Paschke Chief Investment Officer

Karen Alsup Officer & Managing Director, Institutional Investments

Lilian Mei Director, Investment Research &Analysis

Marta Matos Executive Assistant

DID YOU KNOW?

MOST PEOPLE RETIRE EARLIER THAN EXPECTED.

Age of Retirement

40-50 50-54 55-59 60-64 65-69 70+

Source: 2017 MFS Retirement Income Survey

5% 7% 31% 40% 15% 1%

83% retire for a variety of reasons

before age 65.

MOST SURPRISING EXPENSES IN RETIREMENT (U.S. RETIREES)

29%

26%

23%

HEALTHCARE

LEISURE

BASIC LIVING COSTS

7%

HOUSING

7%

TAKING CARE OF FAMILY

3%

CHARITABLE DONATIONS

3%

OTHER

2%

DEBT

Healthcare Costs in Retirement

A 65-year-old couple retiring this year will need $275,000 to cover their healthcare costs in retirement.

Source: 2017 MFS Retirement Income Survey

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