Wednesday, August 22, 2007
Nest Eggs Showing Cracks
Plan on retiring any time soon?
Chances are you won't have the money to retire the way you envision. As an increasing amount of money goes toward covering out-of-pocket health care costs, workers are putting less money into retirement savings.
And close to 60 percent of baby boomers have never seen a financial adviser about what they'll need in retirement or even done a simple calculation on a Web site.
"That is a pretty shocking percentage," said Pam Moret, an executive vice president at Thrivent Financial. Thrivent and Ameriprise Financial, both based in Minneapolis, released studies Monday about retirement savings.
Nest Eggs Showing Cracks
Source: TwinCities.com (free sign-up may be required)
Chances are you won't have the money to retire the way you envision. As an increasing amount of money goes toward covering out-of-pocket health care costs, workers are putting less money into retirement savings.
And close to 60 percent of baby boomers have never seen a financial adviser about what they'll need in retirement or even done a simple calculation on a Web site.
"That is a pretty shocking percentage," said Pam Moret, an executive vice president at Thrivent Financial. Thrivent and Ameriprise Financial, both based in Minneapolis, released studies Monday about retirement savings.
Nest Eggs Showing Cracks
Source: TwinCities.com (free sign-up may be required)
Permalink posted by armandn @ 8:37 AM 
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