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An estimated 700 million Americans will reach the age of 65, in 2013, a lot of people will no doubt be thinking about retirement.

But even fell off a fiscal cliff "is avoided, some financial experts warn anyone considering their salaries, pension fund next year's trading.

"This is a perfect storm in 2013, when you think about it, said:" of Pathfinder Wealth Advisors Company CEO Jason Wheeler.

"With doubt taxes, cut spending, market, health care, and then the number of elderly people who want to retire or lose their jobs, he said:" This year could be a rough, when it comes to retirement.

"The size of retirees pay their investment can really hurt their financial position," he said. : "Now we do not know what is."

If you do not reach a deal to solve the financial cliff December 31, the end of the Bush tax cuts and capital gains and dividend rates continue to rise.

The current situation is the highest capital gains tax rate will jump to 23.8%, 15%, dividend of about three times the highest tax rate to 43.4%, 15%. Any financial agreement may include a higher tax rate, so better plan their retirement predecessors rely, when they said, John McManus, McManus, CEO & Associates, Law Offices of trust property by.

"Many older people may have to postpone retirement, because they do not know what their tax rate will be in 2013," McManus said. "If the market does not perform the tax rate to go high, the elderly are also a lot less money to spend and a lot of uncertainty where it will end."

However, McManus said, even if the tax increase plan will not be easy.

"If it was retired in January, but the transaction to March is not reached, the tax rate retroactive to rethink retired, which is a big risk, said:" McManus.

More older people than ever rely on defined contribution plans, as a decline in traditional pension plans for their own retirement. In fact, only one in five people in the private sector pension plans, according to the National Institute for their retirement.

In addition, the recent IRS data show that more than 63% of the qualified dividend income taxpayers age 50 and older, 23% of workers do not participate in a retirement plan, so that many older people not ready their golden years.

Financial planner Bill said: "The vast majority of people do not have enough money to retire, Losey, President Bill Losey retirement program." For example, they are not the biggest contribution to their 401 (K). I think people need to have the value of the expected income in two to five years before they can consider retirement. '

Another part of facing a storm of social security for the elderly in 2013. Retirees will see an increase in their payments, but only 1.7%, lower than the 3.6% in 2012, they have been. This is because the payment adjustments inflation Wheeler says is low, but not low enough.

Inflation hurt pension funds, those elderly people who watched the bonds and other fixed income investments, SunTrust Investment Services, the first vice president of the private wealth management, said Chris DeGrace.

"In view of the low interest rates in the next few years, the Fed is doing, this will be the difficulties the elderly generate the revenue needed," DeGrace said. "There will be more pressure on them to find other types of guaranteed source of income."

If their incomes are declining, the elderly, faced with the rising cost of health care in 2013. Fidelity Investments (Fidelity Investments) report found that a 65 year old couple in 2012 will require an estimated $ 240,000 to cover medical expenses through their retirement, a 50% increase from 2002. $ 260,000 next year this figure is likely to increase.

And those in the health insurance will see their monthly premiums go up from $ 104.20 in 2012 to $ 120.00 in 2013, as well as increased taxes on the wealthy to help pay for Obamacare.

"More and more people will be responsible for the cost of their health care, because they grow in age," Wheeler said. "Even with health insurance, and for the company to stop their retiree insurance, these costs appear to be a very prominent elderly."

Although the 2013 proposed a unique problem, analysts believe that, at the end of the year, the retirement plan is never at a convenient time, financial cliff or not.

"Seniors need to be considered, if they leave their jobs, they can come back, no matter what?" Pelosi. "They are retired, because they need a break? I have customers said that after three to six months; they want to work, because they are bored. Older people pay these days is very difficult to find a job, the employment of young people at a lower wage. '

McManus said: "This is not to say that 2014 will be a good year of retirement," a person can not control things always have a lot, such as market and global issues. I'm just saying, if you think that in 2013, you need to take care of, and to take caution retirement. '



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