4 out of 5 Americans aren’t saving enough for retirement
“less than one in five (19 percent) will be able to meet 100 percent of their estimated needs in retirement. “ source: Hewitt & Associates study
The economic trauma of 2008 certainly led most Americans to recalculate their retirement age, which might be a good thing considering how many had low savings rates and over-optimistic predictions for investment returns.
One of my primary jobs as a financial planner is to provide some realism to your retirement plan and some discipline to your savings rate.
Read the article if you want to know what retirement spending categories Americans underestimate. Or call me if you want an unbiased checkup.
Mike Dayoub is a fee-only planner in Alpharetta/Milton. 770 361-3139 website
