Wednesday, July 05, 2006
Caution: Golden Years May Not Shine
Many Americans are stumbling toward retirement with big misconceptions about how to prepare financially for old age and, to make matters worse, with inadequate savings for a time of intensified economic pressures on the elderly.
That assessment is found in a flurry of recent reports about preparations for life after work by older employees, including members of the baby boom generation. In different ways, the reports illustrate that workers are struggling to prepare for a future in which traditional pensions and Social Security will replace a relatively small proportion of their income in retirement, and that many will have only modest nest eggs to fall back on.
Caution: Golden Years May Not Shine
Source: LA Times
That assessment is found in a flurry of recent reports about preparations for life after work by older employees, including members of the baby boom generation. In different ways, the reports illustrate that workers are struggling to prepare for a future in which traditional pensions and Social Security will replace a relatively small proportion of their income in retirement, and that many will have only modest nest eggs to fall back on.
Caution: Golden Years May Not Shine
Source: LA Times
Permalink posted by armandn @ 9:51 AM 
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