Retirement Planning Firm Hobart Financial Group Discusses Why More Americans Are Delaying Retirement

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In response to an article published by CBS MoneyWatch, leading retirement planning company Hobart Financial Group reveals why more people are beginning to delay retirement and gives tips on how to generate retirement income.

Chris Hobart, the CEO of Hobart Financial Group, a leading retirement planning company, comments on an article published by CBS MoneyWatch on October 18th, which discusses a new study finding more Americans are delaying retirement and planning to work during retirement.

According to the CBS MoneyWatch article titled “More Americans planning to delay retirement,” a new study conducted by the Associated Press-NORC Center for Public Affairs Research found that over 80 percent of workers older than 50 say they will probably continue working through retirement. About 47 percent of these workers say they are expecting to retire three years after when they initially thought they would.

The article says, “Men, minorities, parents of minor children, those earning less than $50,000 a year, and those without health insurance were the most likely to put off their retirement plans.” The study reveals that most of these workers are putting off retirement due to financial and health care reasons.

Chris Hobart, CEO of Hobart Financial Group, a leading retirement planning company, says the economy has really frightened people into thinking they can never stop working. However, Hobart says there are ways to accumulate funds to use during retirement by investing in other options. “Prospective retirees cannot hope to depend on their employer provided retirement plans or health care plans alone,” he says. “Instead, they could be investing in other types of products that generate income over time. They need to supplement their income as soon as possible. This could be in the form of stocks or even annuities, but 401(k)s are not the answer to anyone’s retirement. More needs to be done to secure spendable income for retirement. People shouldn’t have to work just because they’re afraid of not having enough money. It’s best to start preparing now!”

Hobart Financial Group is an independent North Carolina financial advisory firm dedicated to personalizing service with uncompromising integrity. Its focus on comprehensive, tax-advantaged plans help to provide sound preservation of capital, growing income and increased returns with reduced risk. Chris Hobart, founder of Hobart Financial Group, understands that true wealth means being able to share your life with the people you love, free from financial anxiety. Hobart Financial helps Carolinas’ retirees preserve and protect their wealth with comprehensive financial retirement planning and wealth management.

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Crystal Starks

Scott Darrohn
Hobart Financial
since: 09/2013
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