Retirement Savings for Workers Getting Ready to Retire
If I were in this group I would be terrified. Workers aged 55 or older simply don’t have enough savings for retirement on average. How would you like to know you were less than 10 years from retirement and had less than $10,000 set aside for that retirement? That’s where 38% of these workers found themselves.
Thankfully there is some improvement toward the higher retirement amounts: 22% have more than $250,000 and 40% had at least $100,000 in savings. But that leaves 60% below the $100,000 mark and well on their way to a miserable retirement based primarily on work and Social Security income.
Read more: http://www.moolanomy.com/6213/average-retirement-savings-by-age-kmulligan/#ixzz2CJjn6Umx