Why Retirement is a Myth
We are locked into a system designed to fail
by Erinn Bucklan
Market Watch
It’s easy to feel woefully inadequate when it comes to your retirement savings plan.
And you’re not alone: Fidelity Investments puts 55% of Americans in “danger of not fully covering even estimated essential expenses like housing, health care, food in retirement.” A Wells Fargo/Gallup survey found that 46% of their participants were either “very” or “somewhat” worried about outliving what they were capable of saving for retirement, with concerns about whether they could rely on Social Security checks alone.
[...] The top financial services institutions make it sound so easy: Sock away a portion of your paycheck, put it in long-term retirement plans like your workplace 401(k) or an IRA (that these same companies can provide — and profit from, thanks to fees), and then just wait for the money to kick in at retirement.
Continue Reading at MarketWatch.com…
Source: http://financialsurvivalnetwork.com/2016/02/why-retirement-is-a-myth/?utm_source=rss&utm_medium=rss&utm_campaign=why-retirement-is-a-myth
