The retirement savings deficit in America

0
38

By ksdk.com

For many Americans, the largest single expense in a lifetime will be the purchase of a home. However, retirement costs outstrip the average home costs by more than 250%, according to a new study by Merrill Lynch and Age Wave. Can your nest egg handle that expense?

The study, “Finances in Retirement: New Challenges, New Solutions,” addressed the “Seven Life Priorities” of retirement: Health, Family, Work, Leisure, Home, Giving, and the centerpiece of it all — Finances. Average retirement costs are listed as $738,400, a lofty target given current funding trends.

Read the Full Article at www.ksdk.com >>>>

Comments Closed