WE can help you prepare for RETIREMENT.
21% of Americans are saving NONE of their annual income.
20% of Americans are saving NO MORE THAN 5% of their annual income.
BankRate.com, “Survey: 21% of working Americans aren’t saving anything at all,” Mar. 14, 2019
43% of retirees stopped working EARLIER THAN PLANNED. HEALTH and JOB LOSS were the leading reasons.
Employee Benefit Research Institute, 2019 Retirement Confidence Survey, Apr. 23, 2019
21% of MARRIED COUPLES and 45% of SINGLE SENIORS get at least 90% OF THEIR INCOME from Social Security.
Social Security Administration, Fact Sheet, 2019
A 65-year-old COUPLE in good health will need $387,000 for HEALTH-CARE COSTS for the rest of their lives.
CNBC, “Retiring this year? How much you’ll need for health-care costs,” Jul. 18, 2019
1 YEAR in a skilled nursing facility will cost OVER $134,000 by 2028 (projected average; private room).
SeniorLiving.org, Nursing Home Costs, accessed Nov. 13, 2019
Nearly 30% of Millennials DON’T EXPECT TO RETIRE and don’t save for retirement because they say doing so IS LIKE SAVING FOR A STRANGER.
CNBC, “How to save for the future when it’s uncertain,” Jul. 2, 2019
Reasons Americans DON’T SAVE for RETIREMENT:
- I don’t make enough money.
- I won’t need retirement savings.
- I’m prioritizing paying down debt.
- My job doesn’t offer a retirement plan.
- I’m already struggling to pay my bills.
The Motley Fool, “5 Reasons Americans Aren’t Saving for Retirement Today,” Mar. 15, 2018
People who reach their mid-60s WITHOUT ENOUGH savings must either Dramatically CUT THEIR SPENDING or KEEP WORKING to survive.
The Atlantic, “This Is What Life Without Retirement Savings Looks Like,” Feb. 22, 2018
EVEN A SMALL AMOUNT Put aside EACH WEEK Can help build RETIREMENT SAVINGS. WE can help you PREPARE FOR RETIREMENT.