RCBonayAtWork http://rcbonayatwork2.posterous.com Writing, Drawing and Working on the Right Side of My Brain posterous.com Tue, 07 Feb 2012 14:00:00 -0800 I've got some bad news about your retirement... http://rcbonayatwork2.posterous.com/ive-got-some-bad-news-about-your-retirement http://rcbonayatwork2.posterous.com/ive-got-some-bad-news-about-your-retirement

Retirement_news
One in four middle-class Americans is planning to put off retirement until they're at least 80 years old because they simply don't have enough money saved up. ~ CNNMoney.com

Forty percent of affluent Americans fear that they "will do all the right things today and it still won't be enough for their retirement. ~ CNBC

The average American has saved just 7% of the money they'll need for retirement. ~ Wells Fargo

Thirty percent of people in their 60s have less than $25,000 in savings. ~ Wells Fargo

The average 401(k) balance of our customers is a mere $71,500. ~ Fidelity

Baby boomers will need at least 14.6 times their current salary saved up to maintain their lifestyle in retirement. If you make $90K per year you need $1.3 million in savings to retire comfortably. ~ Retirement expert Aon Hewitt

I hope your sitting down for this one... Continue reading

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