How do you think you compare to other people when it comes to how much you’ve saved for retirement?
The results of a new survey from the Employee Benefit Research Institute (EBRI) reveal some surprising insights into America’s preparedness for retirement.
Read on for the highlights of the 2016 Retirement Confidence Survey and a 6-Step Action Blueprint to make sure your money lasts as long as you do…
The survey revealed that 54% of all workers report less than $25,000 in household savings and investments, excluding the value of their primary home.
That includes 26% who say they have less than $1,000 in savings.
10% have between $25,000-$49,999 saved, 10% have between $50,000 and $99,999 saved, and 12% have between $100,000-$249,999.
And how many have saved $250,000 or more? Just 14%.
Are people close to retirement any better prepared?
[Read more…] “Do You Have As Much Saved for Retirement As the Average Person?”