Saturday, July 27, 2013

Time to Retire and Forgot to Save for Retirement? You're Not Alone

If you are nearing retirement and you forgot to save for retirement, you're not alone.  Below are some facts which will help you to understand the situation hundreds of thousands of baby-boomers are in:

  • 26% of all Americans in the 46 to 64-year-old age bracket have no personal savings whatsoever.

  • One survey that covered all American workers found that 46% of them have less than $10,000 saved for retirement

  • A Pew Research survey found that half of all Baby Boomers say that their household financial situations have deteriorated over the past year(s)

  • According to a survey conducted by the Employee Benefit Research Institute, "60 percent of American workers said the total value of their savings and investments is less than $25,000".

What does all this mean?  It means baby-boomers aren't financially prepared to retire.  There are thousands of baby-boomers who are going against all odds and retiring offshore, in luxury.  The web site: Forgot to Save for Retirement.com  Now What?  is five years old this year.  The site is celebrating with an upcoming Book on retiring on less than $1000 a month, offshore of course.  Visit the site and learn how hundreds of thousands of baby-boomers are retiring in luxury, in spite of financially concerns.  We'll keep you updated on the new book and will let you know when it's published.
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