How do you feel about your current financial and health situation and how do you feel you’ve prepared for the present and future of your life?

By SMA Staff

April 30, 2012 at 08:00 PM

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I feel I have been lucky to have good health and have been saving for retirement but am disappointed in the Social Security system and the government's lack of money management for Social Security.
-Fred K.

Who knows about one's health at this age? Each day is a new experience. My financial situation is another problem. I am working and will continue to work until I can't, but that is tied to the economy and the condition of the country. My business is more affected by state and local conditions thanks to more regulation and taxes than I like. This adds to questions of survival and consequently questions of financial stability.
-James S.

I am presently in good financial shape. I put money into a 401(k) each month and have a put aside a good nest egg but want to continue working until 65 or 66 because I enjoy working and would like to put additional money aside. I will have a company pension at age 65 and that along with Social Security and other savings should enable me to have a comfortable retirement. I am in good health and my wife and I have long-term care insurance we took out about six years ago.
-Philip Y.

Between Social Security and the guaranteed income from a variable annuity with a guaranteed income rider, I expect to be able to cover my basic living expenses. I have enough other assets that should supplement my income and by the projections I've done, these should last to age 82. Since I am a cancer survivor, I don't expect to live as long as I once thought.
-Linda T.

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