WHY RETIREMENT READINESS IS NOT JUST A CATCH-PHRASE

by HLF Editor on August 28, 2017

By Mark Hegstrom, Managing Partner, Waterfront Financial Group

Many employees are confused about retirement and are unprepared to retire on time.  According to the National Institute on Retirement Security (March 2015), 45% of working-age households do not have a retirement account of any kind (e.g. IRA or 401(k)), and the average working-household has virtually no retirement savings – only $2,500 average – when you take into account all working-age households.   For workers age 55 – 64, some 62% have less than one times their average annual salary.  Six out 10 Americans interviewed believe we are facing a Retirement Crisis.

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