Monday, September 22, 2014

Don't Get Left Behind in Retirement

Americans do a pretty good job of saving for retirement overall, but some people are certainly being left behind. According to a new report from the Census Bureau, about 15 percent of all people over the age of 65 are living below the poverty line. The next generation is facing similar troubles. Among so-called pre-retirees - those workers who are over 55 - 24 percent of them have saved less than $1,000 for retirement.

Not surprisingly, many people get into retirement only to find that they're not able to have the lifestyle they had hoped for. According to a survey conducted by the Harvard School of Public Health, 59 percent of older workers plan to travel more after they're retired - but only 31 percent end up actually doing so.

Don't fall into one of these disappointing categories. If you're concerned that you're not prepared to have your retirement be all you expected, feel free to give me a call.

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