5 Steps Helping Ensure Adequate Retirement Income
Expert tips for cultivating a nest egg that 'really' meets your nearing retirement needs While plenty of people are duly committed to saving for retirement through 401k, IRA or other nest egg-inducing personal finance plays, however devotedly and even over many years, it turns out several may actually be suffering a false sense of security. This as recent findings by the Employment Benefit Research Institute reveal that far too many may not be poised for a financially secure retirement. The study found that a staggering majority (82%) are not very confident in their ability to retire comfortably; that fully one-third of people aren't confident they will be able to cover basic living expenses in retirement; and that nearly half of Americans aren't confident they will be able to cover their medical expenses once they're retired; among other ominous revelations. It’s no wonder that almost one-third of workers report that preparing for retirement causes them...