Wednesday, April 19, 2006

Retirement ready?

According to a new survey by the Employee Benefit Research Institue, most Americans are woefully unprepared for retirement.
Although 70% of workers said they saved for retirement, the survey found, 52% had $50,000 or less in total savings and investments, not including their home or any defined benefit plans.

Even more disturbing, three-quarters of workers who hadn't put money aside for retirement said that their assets totaled less than $10,000, according to the EBRI.
Will you be ready to retire?


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