Additionally, fluctuating government regulations and fewer protections for workers have created an untenable situation where people need to work longer to keep up with inflation and the cost of living.

According to the Brookings Institute, Americans today have higher incomes than prior generations, but that does not necessarily mean they are moving up the economic ladder. Only one-third of Americans are what the report calls “upwardly mobile.” Another third is “downwardly mobile,” meaning they’re worse off than the generations that came before them. 

All this brings to mind one question: How do you ensure you have enough retirement savings and still leave an inheritance to your loved ones? 

Since you can’t rely on government or private retirement plans to provide for your financial needs into old age, you must take matters into your own hands—and that means starting to save for a secure retirement as early as in your 20s or 30s.

Additionally, you need to be dedicated and committed to you and your family’s future. 

Now’s the time to invest in a holistic estate plan that grows with you—one that considers your changing needs along with the state of the national economy.