According to a recent GallUp Economy survey, a lack of retirement savings is the top financial worry for Americans. This fear is further exacerbated by the rising, retirement-age expectancies amongst American elders.
The Bureau of Labor statistics reveal that almost a third of Americans between 65 and 70 years of age are still working! Let’s take a look at some additional, retirement-related statistics. Continue reading
The retirement savings shortfall in the U.S. is about $4.6 trillion and Medicare costs will almost double over the next decade to $1.1 trillion per year. Here are some explosive facts about your retirement safety net. (Source: Bloomberg)
Personal Finance: Most Americans are not planning for retirement; in fact many have yet to put any money towards retiring but first you need to know the staggering facts and learn how you can save for the Golden Years.
Source: Visual.ly, Provident Bank
Yes, sometimes the topic of personal finance is a bit dry. But personal finance explained in beer? Now we’re talking.
If you were to put a buck a day away into a Roth IRA, for example, you’d have enough to buy 2 million ounces of beer by the time you retire. In fact, you’d have enough money to drink more than a six-pack a day for the rest of your life, at least according to this infographic below.
Of course putting away that much booze every day would probably affect your lifespan.
Source: RothIRA.com, Mashable.com, coolinfographics.com
Interesting report. Not all that new , but some good advice.
Jonathan Burton’s Life Savings