#3: “If I Start Running Low on Money, I’ll Get Another Job”

Two-thirds of retirees say they plan to work, whether to supplement their Social Security income or to occupy a sudden abundance of free time.

However, most older adults struggle to find stable employment opportunities, in part because many companies prefer hiring younger workers.

#4: “Medicare Is an Affordable Alternative to My Old Employer-Sponsored Plan”

California may offer robust Medicare benefits, but standard coverage scarcely covers half the average retiree’s annual health costs.

Furthermore, Medicare does not always provide benefits for long-term care or in-home health aides—necessary expenses that can cost tens of thousands of dollars each year.

#5: “I Won’t Spend as Much Money in Retirement”

Contrary to popular belief, spending typically increases after retirement—especially among retirees who enjoy travel or staying active.

Philip J. Kavesh
Nationally recognized attorney helping clients with customized estate planning guidance for over 40 years.
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