The term "silver squatters" refers to individuals who anticipate relocating to live with their adult children without prior communication. According to Prudential, approximately 1 in 5 members of Generation X, born from 1965-1980, are termed "silver squatters" and envision needing housing support in their later years.
Critically underprepared for retirement, 55-year-old Americans enter a crucial 10-year countdown to plan and prepare.
Given the shift in the age to collect full Social Security benefits from 65 to 67, 55-year-old Americans are finding themselves less likely to rely on pension support. Furthermore, the study highlights that 55-year-olds, amidst the broader decrease in defined benefit pension plans that historically supported earlier generations, are almost twice as likely as 65 and 75-year-olds to depend on self-managed employer-sponsored plans, like 401(k) plans, to finance their retirement.
The study found that 67% of 55-year-olds surveyed said they fear they will outlive their savings, compared with 59% of 65-year-olds and 52% of 75-year-olds. To that point, with just a decade until retirement, 55-year-old Americans have less than $50,000 in median retirement savings, the study reported.
Mental Unclarity
Generation X, commonly referred to as Gen X, represents individuals aged 44 to 59. This demographic typically experiences a critical stage in their career and mode of living between the ages of 45 and 54, although some only reach this point once they are 58.
Retirement Planning
In today's modern era, it behooves everyone to reconsider retirement and aging and utilize all available traditional and nontraditional tools to make the transition and end of life more manageable. People must learn to take charge of their own lives! Considering retirement from a numerology perspective can offer valuable insights to pre-retirees, assisting them in better preparation and planning for their retirement years.
Take, for instance, your Harvest Cycle and Final Pinnacle will play a crucial role in defining the specific traits, experiences, and lifestyle you may encounter during your retirement years. Additionally, the name you were given at birth will signify the various cycles in your life.
Throughout your lifetime, the letters in your name continue to transit for a specified number of years.
Let's take Brooke Shields as an example. Shields was born on May 31, 1965, which means her Harvest Year is 21, and her Final Pinnacle is 26; a level of comfort is promised.
In Double Measure
Brooke Shield's birth name is Brooke Christa Shields'. You should immediately notice the double letter "O" in her first name. This period lasts for twelve years, from age 72 to 84, and involves increased responsibilities regarding family, marriage, children, health, investments, housing, and finances. At age 64, the letter H in her last name is transiting, and at age 70, the letter H of her middle name is transiting. This suggests career opportunities along with increased expenses for fourteen years.
FINANCIAL RETIREMENT JOURNEY. When planning for retirement, Brooke Shields should consider potential high expenses over 20 years.
Your Harvest Year, Final Pinnacle and Birth Name provide a quick and incredibly effective bird' s-eye view of your journey through life.
Remember, it's important to consider long-term financial health implications that many people overlook. Health issues that last for 5 years or more can have financial consequences for individuals across all economic backgrounds. Both the wealthy and the working class are at risk of depleting their savings when diagnosed with chronic or incurable conditions.
Checklist
You don't need to be an experienced numerologist. The numbers, letters and cycles in your blueprint offer a brief overview of your future obligations, both financial and otherwise, which you can plan for. The past often influences the future. If you spent a lot of time and money fulfilling your duties in the past and have yet to make any changes, you can expect similar life situations in the future. It's essential to plan for this.
Are you looking for professional guidance? Our Time To Think About Success consultation provides a 5-year assessment that helps you plan for future life situations. If you request retirement input, Seriita will provide you with an additional brief overview of any long-term financial implications for ages 65 to 90.