Retirement, Are You Saving Enough?
As and investor, you are overwhelmed with advice in newspapers, magazines, and mailings discussing what to invest in for a successful retirement nest egg, when to start saving for retirement and who to invest with. There are millions of people who realize that an investment portfolio for retirement is necessary, but do they really understand the investment instruments and the amount they must invest for tomorrow? The subject of retirement is a fascinating area but it also could be a fuzzy subject without the correct amount of knowledge, understanding and professional guidance. The number one question of concern for individuals facing retirement issues is whether or not they have enough annual income to retire. "In 2001, only 63% of workers said they felt confident they would have enough money to live comfortably in retirement?just one year later, that figure was 72%." (www.smartmoney.com) With the baby boomer generation nearing retirement in the up coming years there are numerous questions that need to be answered before they can flat out retire. Have they been saving enough for their retirement or will they fall short in the later years of their lives?
The average "baby boomer" must realize that "they will have more time to enjoy the abundance they are accustomed to and they will need the income to do so. According to the Society of Actuaries, baby boomers can expect to live well into their 80,s and many will live well into there 100's and beyond. That means someone who quits working at 65 may be looking at spending 35 years in retirement." (www.aol.sageonline.com) The worst news about the increase in life expectancy is that people are not saving enoug ...