{"id":14452,"date":"2023-02-28T13:37:24","date_gmt":"2023-02-28T19:37:24","guid":{"rendered":"https:\/\/johnsonwim.com\/?p=14452"},"modified":"2024-01-29T11:07:22","modified_gmt":"2024-01-29T17:07:22","slug":"7-risks-to-your-retirement","status":"publish","type":"post","link":"https:\/\/johnsonwim.com\/7-risks-to-your-retirement","title":{"rendered":"7 Risks to Your Retirement"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"14452\" class=\"elementor elementor-14452\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-40a35f36 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"40a35f36\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-5815c50b\" data-id=\"5815c50b\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-12e53644 elementor-widget elementor-widget-text-editor\" data-id=\"12e53644\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>Most of us look forward to retirement, imagining that we\u2019ll get to relax and enjoy activities we haven\u2019t had time for such as traveling, reading, and exercising. However, as pre-retirees transition into full retirement, many don\u2019t realize they are crossing the threshold into an entirely new way of living, one in which they\u2019re increasingly vulnerable to risks that are unique to retirees. After spending decades working toward a goal, too many retirement plans are set back by these 7 Easy-to-Avoid Risks.<br \/><input name=\"gform_field_values\" type=\"hidden\" value=\"\" \/><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-6bc590a elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"6bc590a\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-0a80688\" data-id=\"0a80688\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-53f7226 uael-gf-ajax-true uael-gf-style-box 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haven\u2019t had time for such as traveling, reading, and exercising. However, as pre-retirees transition into full retirement, many don\u2019t realize they are crossing the threshold into an entirely new way of living, one in which they\u2019re increasingly vulnerable to risks that are unique to retirees. After spending decades working toward a goal, too many retirement plans are set back by these 7 Easy-to-Avoid Risks.<\/p>\n<p>Risk 1: Longer Lifespans<br \/>\nIn the year 2000, 50,000 people lived to be age 100 or older. By 2050, that number is expected to reach 1 million.1 With life expectancy rates higher than ever, it means that most people will need to plan for a longer retirement than they might expect. According to the Centers for Disease Control, for a couple in their mid-60s today, there is a 50% chance that at least one of them will live into their 90s. What this means is, to be safe, retirees today must plan and strategize for up to 30 years of retirement income.<\/p>\n<p>Risk 2: Spending Principal<br \/>\nSpending principal in retirement has never been a smart strategy, but with the average life expectancy rising, it\u2019s more of a slippery slope than ever before. To understand the potential dangers of spending principal, let\u2019s consider a 30-year retirement like a 30-year mortgage, only in reverse.<\/p>\n","protected":false},"author":1,"featured_media":16455,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"elementor_theme","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"default","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"default","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"set","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"footnotes":""},"categories":[4,5],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>7 Risks to Your Retirement - Johnson Wealth and Income Management<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/johnsonwim.com\/7-risks-to-your-retirement\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"7 Risks to Your Retirement - Johnson Wealth and Income Management\" \/>\n<meta property=\"og:description\" content=\"Most of us look forward to retirement, imagining that we\u2019ll get to relax and enjoy activities we haven\u2019t had time for such as traveling, reading, and exercising. However, as pre-retirees transition into full retirement, many don\u2019t realize they are crossing the threshold into an entirely new way of living, one in which they\u2019re increasingly vulnerable to risks that are unique to retirees. After spending decades working toward a goal, too many retirement plans are set back by these 7 Easy-to-Avoid Risks.  Risk 1: Longer Lifespans In the year 2000, 50,000 people lived to be age 100 or older. By 2050, that number is expected to reach 1 million.1 With life expectancy rates higher than ever, it means that most people will need to plan for a longer retirement than they might expect. According to the Centers for Disease Control, for a couple in their mid-60s today, there is a 50% chance that at least one of them will live into their 90s. What this means is, to be safe, retirees today must plan and strategize for up to 30 years of retirement income.  Risk 2: Spending Principal Spending principal in retirement has never been a smart strategy, but with the average life expectancy rising, it\u2019s more of a slippery slope than ever before. 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However, as pre-retirees transition into full retirement, many don\u2019t realize they are crossing the threshold into an entirely new way of living, one in which they\u2019re increasingly vulnerable to risks that are unique to retirees. After spending decades working toward a goal, too many retirement plans are set back by these 7 Easy-to-Avoid Risks.  Risk 1: Longer Lifespans In the year 2000, 50,000 people lived to be age 100 or older. By 2050, that number is expected to reach 1 million.1 With life expectancy rates higher than ever, it means that most people will need to plan for a longer retirement than they might expect. According to the Centers for Disease Control, for a couple in their mid-60s today, there is a 50% chance that at least one of them will live into their 90s. What this means is, to be safe, retirees today must plan and strategize for up to 30 years of retirement income.  Risk 2: Spending Principal Spending principal in retirement has never been a smart strategy, but with the average life expectancy rising, it\u2019s more of a slippery slope than ever before. 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