There's some free financial advice for members of the Senior Center in Charlottesville. It's an important resource because a Wells Fargo survey found most Americans are not saving enough even though 32% are looking forward to retirement.
Some of the pitfalls for securing a healthy financial future include not having a financial plan in place.
Retirees also withdraw too much money early in retirement and do not factor in health care costs and life expectancy.
"Often times people spend as much or even more in retirement because all of a sudden they have time to travel or develop new interests," said David Barrett-Johnson, a certified financial planner at Ameriprise Financial in Charlottesville.
The Senior Center in Charlottesville provides free financial counseling each Thursday for its members.
On Tuesday, July 10th, at 10 A.M., the Senior Center is hosting a special discussion about the pitfalls of retirement and how to keep up with inflation.
For more information on the financial counseling or other Senior Center events click here.
Jennifer Von Reuter joined the NBC29 news team in June 2009 as a general assignment reporter. Prior to joining NBC29, Jennifer worked as an anchor and reporter for WHAG-TV in Hagerstown, MD. Email/Follow on Twitter/ Full Story