Troy, MI (PressExposure) May 20, 2009 -- Michael McGee, a financial advisor in the Metro Detroit area, recently spoke to a group of small business owners at a local conference. Michaelâs focus was on the current condition of our economy; his concern is the fact that over 2/3 of Americans between the ages of 45 and 62 will not have sufficient retirement savings.
Michael explained how the younger group of baby boomers, known as Generation X, would like to be able to retire by the age of 67, when they are eligible for full social security benefits; however, only about 1/3 believes their retirement plans are on schedule to provide financial stability for their retirement years.
Michael also spoke about the older group of baby boomers, and their concerns about health care, âAbout 20 percent of Americans who are nearing retirement age have delayed calling Social Security and few are fully retired. We see more and more people over 65 who are still working in order to keep their health care benefits. Many are still providing financial support to their adult children; some are using their retirement funds to help with college tuition for grandchildren.â
Michael McGee provides retirement planning and financial advice to people of all ages and income levels, including young families, business owners, entrepreneurs and more. Michael can help you with everything from college planning to retirement planning, establishing a 529 college savings plan, traditional IRA, Roth IRA, SEP IRA, 401-K, family savings and more. For more information, read Michael McGeeâs articles at http://financialplanningwaynecounty.blogspot.com/
Contact: Michael S. McGee, MBA Financial Advisor 888 West Big Beaver Suite 850 Troy, MI 48084 (248-720-0300) Email: email@example.com
This press release was submitted by Right Now Marketing Group, LLC