From MSN Money
According to the data, most retirement income comes from Social Security…what happens when it implodes?
Very little is from savings and investment.
More and more retirement nest eggs are being consumed by medical expenses too.
Because work at home careers don’t have traditional pensions and self employed people may not have the discipline to create retirement plans themselves, this is especially troubling for are readers.
Let me ask you… are you paying down debt and saving for a rainy day?
Although few elderly Americans are officially poor, 75% live on less than $26,777 yearly. Even a tiny amount stashed in investments and savings make a difference in old age.
Seventy years after the creation of Social Security, 40 years after the creation of Medicare and decades after the creation of tax-deferred savings plans, most Americans are still vulnerable, still poor in financial assets and still ending their month with a “banquet of pennies.”
Saving a tiny amount of money every month or every week can make all the difference.
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