'It's Not Too Late For Busted Baby Boomers,' Says America's Retirement Strategist

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According to a recent survey by Scottrade, an online brokerage, 65% of Baby Boomers aren't sure they will have enough money for retirement, and 23% believe they will never be able to retire.

According to a recent survey by Scottrade, an online brokerage, 65% of Baby Boomers aren't sure they will have enough money for retirement, and 23% believe they will never be able to retire.

"These statistics are scary," says Bill Losey, CFP, CSA, and principal of Bill Losey Retirement Solutions, LLC. "But even scarier is that a lot of people aren't sure what to do to turn their situation around. They might ask their HR department or a relative who just retired, but beyond that they don't have a lot of knowledge about the in's and out's of retirement planning, so they think they'll need to work forever."

According to Bill, because many retirees will be living on a very tight budget, it is even more important that they understand what they should, and should not do, to manage their retirement funds before and after they retire.

"One of the biggest mistakes people make is to do nothing because they are not sure what to do," says Bill. "There are so many issues you have to think about when considering retirement. People use one of the many retirement calculators available and think they just need to come up with that amount of money and that's all there is to it. However, there is much more to retirement that just your monthly retirement income. Things like - "Should I take a lump sum distribution? What should I do about health insurance? Do I need long term care insurance? Will I qualify for Social Security benefits?" are just as important, says Bill.

No Room For Mistakes
"There is no room for mistakes when making these decisions. A wrong decision can cost you money that you can't get back. That's why so many people aren't sure what to do. Our educational system doesn't address financial education -- we have to do it on our own. And there is so much information available, it's hard to know where to start, but it's also never too late to get started doing something."

After listening to many of his client's stories, Bill decided it was time to update his free special report: The 10 Biggest Mistakes People Make When Retiring and How YOU Can Avoid Them.

"People want straight forward information," according to Bill. This report spells out in straightforward language exactly what to avoid when making retirement decisions. One of the most important things I do is educate my clients about their choices, so they can feel confident making their decisions." says Bill. "For example, many people don't know that in most cases, state Medicaid will only provide support if you have little or no assets at all. The 10 Biggest Mistakes People Make When Retiring and How YOU Can Avoid Them

"Retirement should be fun and everyone should be able to live the lifestyle they want, but if we're constantly worried about money, or having to work until we drop, it's not much to look forward to." In his effort to educate, Bill likes to keep his clients interested by using humor, such as his hysterical books (they're all blank inside), as well as his corny jokes.

"I just want people to take action about their retirement. I'm hoping this report will give people the push they need to plan the next steps for their retirement."

About Bill Losey Retirement Solutions, LLC
Bill Losey, CFP®, CSA, "America's Retirement Strategist", has nearly 20 years experience in the financial services industry and is a Certified Financial Plannerâ„¢ practitioner, a Certified Senior Advisor and Certified RSP-Trained Retirement Coach. He publishes Retirement Intelligence, a complimentary weekly e-newsletter that reaches nearly 3,500 subscribers worldwide Bill Losey Retirement Solutions, LLC is an independent registered investment advisory firm that caters to discerning women and couples nationwide who demand objective financial and retirement advice, customized fee-only investment management, attention to detail and impeccable service.

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