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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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.

View the original article here

10 historical sites of retirement

Richard Shortlidge, 68, spends years to his retirement, firing muskets and cannons. It depicts the Spanish soldiers in full form and performs traditional leatherworking at Fort Mose historical State Park in St. Augustine, Fla., the oldest continuously occupied European settlement in the United States. "I will explain what was to be a soldier in the middle of the 18th century and a bit about ships that I do," he says. Shortlidge, a retired senior officer of the Ministry of Foreign Affairs, also volunteers at Fort Matanzas and Castillo de San Marcos, the old Fort of masonry of the 17th century in North America. "If you are a lover of history and nature, you'll be hard pressed to find a place that combines both of these, and they unite in St. Augustine," says Shortlidge.

[Photo: 10 places for positive history.]

To find a few historical places to retire, u.s. News uses the best places to retire from the built-in database Informatica. We looked at places, museums, libraries and national historic sites, which are also offering a good quality of life and good facilities for seniors.

Charleston, s.c., named King Charles II of England in the 1600s, the Museum of life for civil war buffs. Seaside town has 36 national historic monuments and museums in 42 30 miles away. "Almost anywhere you go here you're in that history, "says Scott Wallinger, 71, retired senior Vice President packaging, which is currently on board the Charleston Museum. "Over the years I have visited most of the historic houses. Simply walking the streets in Charleston and peeking into gardens very past time. "

Several American cities, including Savannah, GA entire neighbourhoods, preserved as a national historic sites.The oldest state capital in the us in Santa Fe, n.m., is the unique architecture of Spain Pueblo, codified into law. And densely populated area of San Francisco 18 national historic monuments, including the Park historic district, Alcatraz Island and cable cars.

[To use our online tool to find a better place.]

Following the devastation of Hurricane Katrina New Orleans, La., slowly regaining its former inhabitants of the city-wide celebrations., including Mardi Gras and Jazz Fest heritage continues to attract locals and guests. "There is a beauty and charm, to be honest, I was very surprised, "says Lillian Bardwell, 65, retired Executive Secretary for the Bank, which moved from Houston to New Orleans in December 2009."He has a European flair."Bardwell volunteers in National Museum of World War II, which is only 10 minutes walk from her condo in the business district.

Where the founding fathers lived and worked is a fascinating part of historical monuments.You can start a new life in Philadelphia, Pennsylvania as a teenager Benjamin Franklin, or visit make John Adams and his son John Quincy Adams at the Adams National Historical Park in the suburbs of Boston, Quincy, Massachusetts, Washington, of course, is awash with presidential history, including 74 national attractions and museums, free and low-cost.

[See 10 Affordable mountain town for retirement.]

Three US Presidents — Thomas Jefferson, James Monroe and John Tyler, attended classes at William and Mary, the second oldest college in the United States can examine campus, retirees, Williamsburg, VA, Virginia residents free of charge at the age of 60 and over can audit to three courses each semester at College. Jerome Trehy, 77, was one of about two dozen senior citizens are currently taking classes using a wavier pensioner fees. "I go into the House Wren, Christopher and I feel like I'm walking through the halls where Jefferson all atmosphere makes you feel, you live in a part of history, "said Trehy that audit classes including anthropology and religion, economics, history for more than a decade."With the exception of children who walk with modern clothes, do you think you were at a time when horses were walking down the street.

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