Glass-Half-Empty Retirement Outlook? Here’s Some Advice

Three financial advisers who specialize in retirement income planning offer some guidance aimed at trying to ease the concerns of soon-to-be retirees.

A glass that's marked half empty sits next to a glass marked half full.
(Image credit: Getty Images)

Americans nearing retirement worry they’ll never be able to stop working. It’s a headline we’ve seen repeatedly over the last three decades. Notably, the sense of pessimism today is at its highest point in 10 years. According to a recent Gallup survey, nearly 60% of non-retirees don’t think they will have enough money for a comfortable retirement.

Blame inflation, higher interest rates and the possibility of a looming recession for at least some of this anxiety. Even the anticipation of a dismal economic forecast can concern retirement savers whose investment portfolios rely heavily on stock returns, especially for those trying to retire within the next decade.

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This article was written by and presents the views of our contributing adviser, not the Kiplinger editorial staff. You can check adviser records with the SEC or with FINRA.

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Pam Krueger
Founder, Wealthramp

With more than 25 years in investor advocacy, Pam Krueger is the founder and CEO of Wealthramp, an SEC-registered adviser matching platform that connects consumers with rigorously vetted and qualified fee-only financial advisers. She is also the creator and co-host of the award-winning MoneyTrack investor-education TV series, seen nationally on PBS, and Friends Talk Money podcast.