Will You Be Ready to Retire?
The Employee Benefit Research Institute’s 2010 Retirement Confidence Survey showed that more than 30% of today’s workers haven’t saved for retirement, up from 25% in 2009 and 28% in 2008. It also indicates that, of those who do have savings, one in four has saved less than $1,000. This may be why 40% of Americans plan to postpone retirement.The Center for Retirement Research indicates that four out of 10 individuals between the ages of 45 to 59 expect to retire four or more years later than they had expected to before the economic slump, and more than 25 percent find the current level of stress related to the downturn to be equal to or greater than that caused by the 9/11 terrorist attacks.
Why do I quote these statistics? Because it indicates the lack of planning in the workforce and the need to rely on financial professionals for guidance through the planning process. We all tend to procrastinate, but the longer we wait to do this type of planning, the harder it will be to achieve our retirement goals. Start your planning today!
Jason @ 714-988-3325
jason@diversifiedinsurancequotes.com
