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Kim Butler

Partners for Prosperity, Inc.

City:Mt. Enterprise

State: TX

I have 20+ years of handling alternative investments in cash, growth and income for clients nationwide.  I strive to help my clients with all things financial in every way possible over the phone and the web.  I own an alpaca farm which I enjoy working during my downtime.  I also enjoy gardening, writing and reading books.  I also train other advisors on Prosperity Economics.

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Retirement Planning: 10 Essential Issues

Nine out of ten Americans age 65 and older receive Social Security benefits, according to the Social Security Administration, with benefits comprising nearly 40 percent of income for the elderly.

| BY Donald Liebenson

Affluent retirees surveyed by Spectrem’s Millionaire Corner paint a generally rosy picture of life in retirement. Seven-in-ten said that their decision to retire was voluntary rather than the result of layoffs or health issues, while more than two-thirds said they are living the lifestyle on which they had planned for retirement.

Securing a financially secure retirement does not just happen. For Affluent retirees who are most satisfied with their retirement lifestyle, half said that they had prepared a detailed budget as part of their retirement planning, while nearly 70 percent said they had worked with a financial advisor in planning a retirement investment strategy or arranging retirement income. More than three-fourths (76 percent) started using an advisor since they retired.

Retirement is one of the primary concerns among Affluent Americans, Spectrem’s Millionaire Corner research finds. Running out of money in retirement is the top financial fear, while not saving enough for retirement is the top financial regret.

Almost six-in-ten (56 percent) are concerned about being able to retire when they want, according to a 2014 Millionaire Corner wealth level study of non-Millionaire households with a net worth of at least $100,000 (not including primary residence). Retirement concerns were heightened among those ages 45-54 (66 percent) and younger than 45 (61 percent). A majority of Baby Boomers ages 55-64 (54 percent) are likewise concerned about being able to retire as envisioned.

What are the top retirement planning and aging issues facing Americans? Culled from a recent seminar conducted by the Personal Financial Planning Section of the American Institute of CPAs, Financial Planning magazine counted them down: In descending order:


Social Security is an increasingly important factor to consider in retirement planning. Social Security reserves are projected by some accounts to be fully depleted in 2033.Nine out of ten Americans age 65 and older receive Social Security benefits, according to the Social Security Administration, with benefits comprising nearly 40 percent of income for the elderly.

Deciding when to file for Social Security can impact retirement savings. One-third of Affluent investors surveyed by Millionaire Corner plan to wait until they are past their full retirement age to maximize their benefits. The highest percentage (35 percent) said they plan to wait until their full retirement age, while 17 percent intend to take their Social Security benefits as soon as they can.

About the Author

Donald Liebenson


Donald Liebenson writes news and features for Millionaire Corner. He has been published in the Chicago Tribune, The Chicago Sun-Times, The Los Angeles Times, Fiscal Times, Entertainment Weekly, Huffington Post, and other outlets. He has also served as a marketing writer for Chicago-based Questar Entertainment and distributor Baker & Taylor.  

A graduate of the University of Southern California, he is married with a college-age son. He also writes extensively about entertainment.