Scott Galloway warns Americans on Social Security, retirement investing
The New York University professor explains a money problem to avoid.
Planning for retirement involves addressing various challenges, broadly focusing on ensuring financial stability and preserving one's desired lifestyle.
Some major concerns include calculating expected Social Security benefits, managing rising health care costs and assessing retirement savings and investment adequacy.
Day-to-day expenses, such as groceries, utility bills, transportation, and leisure activities also weigh heavily on retirees' budgets.