If money worries keep you up at night, you’re not alone. It seems that even millionaires are losing sleep thinking about their retirement. According to an article by Investor’s Business Daily, it seems you can never have enough money.
While the general public is concerned about how much money they will need in retirement, the future of Social Security, and inflation, millionaires are stressed about outliving their money. With people living longer these days you need to make sure your savings will last your full lifetime.
Overspending is another issue, especially with the wealthy. Without a sound financial plan in place, millionaires can easily drain their retirement account.
It seems that when it comes to retirement, we all have a lot more in common than one would think.
Council of Seniors Wants to Give Retirees More Money
One thing that could alleviate some of the financial worry of seniors relying on Social Security would be a fair cost-of-living adjustment (COLA).
The Council of Seniors is working hard to get Congress to passThe SAVE Benefits Act. This crucial bill will put $581 back in seniors’ pockets to make up for the COLA that was far too low for years. Greedy Washington politicians want to use seniors’ hard-earned money in other ways, but we’re dedicated to giving it back to those who are rightfully entitled to it.
Please take a moment and sign our petition today to show your support.