If you're reading this blog, you certainly have some money put away for your retirement. You may be concerned about how much you have set aside, but if you have anything at all, you're already ahead of a lot of people. According to a new Harris poll, more than a third of all Americans don't have any retirement savings at all. This number is actually up in recent years; in May 2009, 30 percent of all Americans reported no retirement savings.
This might seem to be an issue for younger people, and to an extent it is: More than half of all the respondents under the age of 33 had no retirement savings. But still, 25 percent of all Baby Boomers - people aged 46 to 64 - are in the same boat.
One more finding: Nearly three quarters of those surveyed said they had not made any changes to their retirement portfolios in the last six months. With all the movement we've seen in the various asset classes over the past year or so, if you haven't checked the weighting in your retirement portfolio lately, it might be time for a little rebalancing.
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