Are you planning for your retirement? You may be alone! A new report released today by the Employee Benefit Research Institute titled the Retirement Confidence Survey tells a sad story for U.S. workers and saving for retirement. Here are the three shocking numbers (or more accurately, the lack of numbers):
- 57% of U.S. workers surveyed reported less than $25,000 in total household savings and investments (not including the equity in their homes)
- Only half could come up with $2,000 in cash if an unexpected need arose in the next month.
- The percentage reporting saving anything for retirement is at 66 percent, down from 75 percent in 2009.
Retirement planning doesn’t have to be difficult or painful. It’s an easy process that can provide not only a comfortable retirement, but peace of mind long before retirement.
About the Independent Financial Advisor
Robert Pagliarini, PhD, CFP®, EA has helped clients across the United States manage, grow, and preserve their wealth for the past 25 years. His goal is to provide comprehensive financial, investment, and tax advice in a way that was honest and ethical. In addition, he is a CFP® Board Ambassador, one of only 50 in the country, and a real fiduciary. In his spare time, he writes personal finance books, finance articles for Forbes and develops email and video financial courses to help educate others. With decades of experience as a financial advisor, the media often calls on him for his expertise. Contact Robert today to learn more about his financial planning services.