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A 63-year-old peak boomer is ‘incredibly scared’ Social Security won’t be enough to cover her expenses in retirement: ‘I’ll probably need to work until I die’ [Video]

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Small Business Growth

Diane Senffner, 63, doesn’t see retirement on the horizon anytime soon.

Before 2019, Senffner owned a small business focused on learning and development, and she said she was able to earn sufficient income through her business to afford her everyday expenses — and then some.

But when the pandemic hit, she was forced to shut down her business, and she couldn’t find any source of income for about two years. This forced her to take money out of her 401(k) and savings account because her husband’s salary was not big enough to fully support both of them.

Now, Senffner has no money in savings — and she doesn’t see her situation improving by the time she’s set to retire in just under two years. (Business Insider reviewed documents from Senffner to confirm this information.)

“I’m between contract jobs, and I have no savings,” Senffner told BI. “I was somebody who did really well, and it’s very disheartening because I have no …

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