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2011年1月13日 星期四

Workers falling short of retirement savings

According to the typical American that they would need to retain a median of $ 300000 retire comfortably. But most investors say their retirement nest egg now consists of a median of just $ 20.000 or about 6.7 per their retirement goals, according to a recent survey Wells Fargo 1.756 middle class households earning less than $ 100000 annually.

[See 10 key retirement ages, plan for.]

Workers in their 50s set low to retirement for any age group the survey: $ 200000. Currently they are median $ 29000 saved about 14.5 per cent of their goal. A typical 50 something awaits their retirement for nearly two decades (19 years). Amount of savings, those investors are now grants the post-retirement income of about $ 190 per month more than 20 years, assuming that a 5% profit annually.

Individuals in their 60s average retirement goal $ 300000 but say they now only 10 per cent or $ 30000, tucked away on a pension. Workers in their 30s to the ultimate goal of any age group retirement savings: $ 400000. They are now 5%, or $ 20.000 saved.

[See 11 resolution pensions for 2011.]

"Too many Americans have their heads in the sand with the obvious savings deficit," says Laurie Nordquist, Director of the Wells Fargo institutional pension and trust. "People are not even close to where they should be in total savings. Barring a miracle, a winning lottery ticket or a large inheritance would be forced to dramatically reduce their lifestyle in retirement. "

Survey respondents were also asked to assess how they would spend on health throughout retirement. The median is the actual cost of care was $ paid far more than the typical working saved for retirement. All age groups questioned say health care is likely to cost more than they currently have saved except somethings 60 who are saved are barely sufficient to cover their expected health care costs.

[See pensions: what to expect in 2011.]

It is not surprising that the majority of staff surveyed plan (72 percent) continue to work after retirement, or because they need money (39%) or because they want to (33 percent), the survey found. Most middle class Americans (63%) say they plan to rely on social security as the main source of retirement income.


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