Pages

▼

Friday, December 28, 2012

Retirement Financials - Perception versus Reality

The Middle Class Retirement Delusion By The Numbers summarizes five misconceptions Americans have about retirement financial situations.   Specifically, the misconceptions are:
  • Over estimating ability to work past retirement age.
  • Under estimating percent of pre-retirement income needed.
  • Under estimating out of pocket health care costs.
  • Under estimating savings needed to retire.
  • Over estimating the savings withdrawal rate.
The article reports that due to these misconceptions, people are not saving enough for retirement.   The solution: start saving early and max out contributions to tax advantaged retirement saving plans.

 For more on Reaping the Rewards, check back every Friday Saturday Sunday for a new segment.


This is not financial, or retirement saving advice. Please consult a professional advisor.

Copyright © 2012 Achievement Catalyst, LLC
at

No comments:

Post a Comment

Comment guidelines: My Wealth Builder will publish comments that are about the topic and do not contain inappropriate language. My Wealth Builder reserves the right to edit or delete comments for any reason which includes those that have advertising (either for a product, website, or blog), contain inappropriate language or are not about the topic.