6/5/2015 – More evidence of America’s shortfall in retirement savings (CBS MoneyWatch)

Jun 05, 2015 Comments Off by

“Most households approaching retirement have low savings.” That’s the no-nonsense title of a recent report from the U.S. Government Accountability Office (GAO) on retirement security. Here are a few of its sobering results: About half of all households age 55 and over have no retirement savings. Many older households don’t have other financial resources to tap during retirement. Of those households without any savings, more than half don’t have a pension from a traditional pension plan, and almost half don’t own a home.

Read the full article at CBS Money Watch.

Financial Landing 2015

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