{"id":14521,"date":"2023-02-28T15:31:08","date_gmt":"2023-02-28T21:31:08","guid":{"rendered":"https:\/\/johnsonwim.com\/?p=14521"},"modified":"2024-01-29T11:30:47","modified_gmt":"2024-01-29T17:30:47","slug":"the-income-generation-report","status":"publish","type":"post","link":"https:\/\/johnsonwim.com\/the-income-generation-report","title":{"rendered":"The Income Generation Report"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"14521\" class=\"elementor elementor-14521\" 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>Starting about five years ago I began using the term \u201cIncome Generation\u201d to describe the demographic encompassing my clients, prospective clients, and myself. To put it simply, the term refers to today\u2019s generation of retirees and near-retirees. That means Baby Boomers but also older Gen Xers, who are also in their 50s now and nearing the age when they\u2019ll need to start preparing for retirement income.<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-8c7de45 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"8c7de45\" 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-aec2a39\" data-id=\"aec2a39\" 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-6193b41 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demographic encompassing my clients, prospective clients, and myself. To put it simply, the term refers to today\u2019s generation of retirees and near-retirees. That means Baby Boomers but also older Gen Xers, who are also in their 50s now and nearing the age when they\u2019ll need to start preparing for retirement income.<\/p>\n<p>But what makes us the \u201cIncome Generation\u201d? Why is it so important for our generation to understand the benefits of investing for income \u2014 more so than previous generations? I\u2019ll answer those questions in this report while also sharing a host of facts and tips to help meet your own retirement income needs and goals.<\/p>\n<p>The simple fact is, the Income Generation faces a host of unique challenges \u2014 meaning challenges different from those faced by our parents and grandparents. So, let\u2019s start by talking about perhaps the trickiest of these challenges, which is the fact that we live so long.<\/p>\n<p>Longevity<br \/>\nThe average life expectancy today in the U.S. is 78.7 years, compared to 68.2 years in 1950. Advances in healthcare have made it possible for people to remain active and productive well past age 65. As a result, you might want to work well past that age, or not retire at all. This is all great on the one hand, but it can also lead to problems, mainly financial ones.<\/p>\n<p>Be aware, if you\u2019re a couple in your 60s today, statistically there is a 50% chance that at least one of you will live into your 90s. That means you need a strategy designed to help provide financial security and retirement income for up to 30 years. Not 20 years. Not 25, but 30 years. Now be aware that the average person is psychologically wired to think and plan no more than five to ten years into the future. And even the average financial advisor doesn\u2019t see much further than that.<\/p>\n","protected":false},"author":1,"featured_media":16511,"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>The Income Generation Report - 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\/the-income-generation-report\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The Income Generation Report - Johnson Wealth and Income Management\" \/>\n<meta property=\"og:description\" content=\"Starting about five years ago I began using the term \u201cIncome Generation\u201d to describe the demographic encompassing my clients, prospective clients, and myself. To put it simply, the term refers to today\u2019s generation of retirees and near-retirees. That means Baby Boomers but also older Gen Xers, who are also in their 50s now and nearing the age when they\u2019ll need to start preparing for retirement income.  But what makes us the \u201cIncome Generation\u201d? Why is it so important for our generation to understand the benefits of investing for income \u2014 more so than previous generations? I\u2019ll answer those questions in this report while also sharing a host of facts and tips to help meet your own retirement income needs and goals.  The simple fact is, the Income Generation faces a host of unique challenges \u2014 meaning challenges different from those faced by our parents and grandparents. So, let\u2019s start by talking about perhaps the trickiest of these challenges, which is the fact that we live so long.  Longevity The average life expectancy today in the U.S. is 78.7 years, compared to 68.2 years in 1950. Advances in healthcare have made it possible for people to remain active and productive well past age 65. As a result, you might want to work well past that age, or not retire at all. This is all great on the one hand, but it can also lead to problems, mainly financial ones.  Be aware, if you\u2019re a couple in your 60s today, statistically there is a 50% chance that at least one of you will live into your 90s. That means you need a strategy designed to help provide financial security and retirement income for up to 30 years. Not 20 years. Not 25, but 30 years. Now be aware that the average person is psychologically wired to think and plan no more than five to ten years into the future. And even the average financial advisor doesn\u2019t see much further than that.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/johnsonwim.com\/the-income-generation-report\" \/>\n<meta property=\"og:site_name\" content=\"Johnson Wealth and Income Management\" \/>\n<meta property=\"article:published_time\" content=\"2023-02-28T21:31:08+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-01-29T17:30:47+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/johnsonwim.com\/wp-content\/uploads\/2023\/02\/Johnson-Wealth-and-Income-Management-The-Income-Generation-Report-1.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"1295\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Johnson Wealth &amp; Income Management\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Johnson Wealth &amp; 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To put it simply, the term refers to today\u2019s generation of retirees and near-retirees. That means Baby Boomers but also older Gen Xers, who are also in their 50s now and nearing the age when they\u2019ll need to start preparing for retirement income.  But what makes us the \u201cIncome Generation\u201d? Why is it so important for our generation to understand the benefits of investing for income \u2014 more so than previous generations? I\u2019ll answer those questions in this report while also sharing a host of facts and tips to help meet your own retirement income needs and goals.  The simple fact is, the Income Generation faces a host of unique challenges \u2014 meaning challenges different from those faced by our parents and grandparents. So, let\u2019s start by talking about perhaps the trickiest of these challenges, which is the fact that we live so long.  Longevity The average life expectancy today in the U.S. is 78.7 years, compared to 68.2 years in 1950. 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