Road to Retirement Can Be Tough for Many Americans

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Road to Retirement Can Be Tough for Many Americans. After Dipping into 401(k): ‘I just can’t imagine having enough to retire.’. How the great 401(k) experiment has failed for many Americans.

According to the Federal Reserve, 40% of workers aged 55 to 64 have no retirement savings accounts at all. Of those who do have retirement accounts, the median balance is $100,000-not enough for most people to maintain their standard of living over decades of retirement.. For people who are already retired, 20% of married retirees and half of single retirees rely on Social Security for the.

Retirement's Harsh Reality Typically, when Americans. the tough decision of whether to relocate, either locally or to a new state, or simply to age.

“If Americans delayed retirement until at least age 67. increasing contribution rates to your 401(k) or retirement accounts can be a tough pill to swallow when you do it all at once. “Instead,

"That may all be fine and dandy, but how am I supposed to find money to save?" you may be asking. In a world where nearly 8 out of 10 Americans live paycheck to paycheck, according to CBS News, finding money to save can be tough. In the next section, we’ll talk about ways you can find more money to save for retirement.

Considering workers’ lack of savings, it’s no wonder that many Americans are concerned about what retirement. which can help bridge the gap between what you have saved and what you’ll need to cover.

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How to Retire in the U.K. as an American . FACEBOOK TWITTER. they drive on the left side of the road, the weather is colder and there’s more precipitation than in much of the U.S., they use the.

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