This Surprising Retirement Statistic Could Change Your Future
(WorldNews Business)

Today`s retirees should be miserable. According to Transamerica`s A Precarious Existence: How Today`s Retirees Are Financially Faring in Retirement (this opens a PDF version of the report), retirees generally retired earlier than they planned. And the majority of those early retirements were due to poor health (28%), job loss (24%), family responsibilities (15%), and not their having saved enough (10%). The median retiree today has a measly $75,000 in household savings, excluding home equity (which is only another $79,000). Their median household income is $32,000, and 66% report that Social Security will be their main income source in retirement. Since Social Security is designed to replace...